Business For Sale Listing 122064
Lounge Bar, Restaurant and Real Estate for Sale
Status as of Jan-8-2009 at 06:06 PM: Off The Market
Business Summary
Busy, popular Lounge Bar & Restaurant with Real Estate on 1.760 acres is for sale for $500,000. Well established business since 1978 with the present ownership in charge since 1993. Many loyal local customers, as well as travelers come to enjoy the services provided by Owner & warm friendly, dependable staff. Entertainment is provided in the lounge 7 nights a week & includes karaoke fun. Value of assets which include all contents of restaurant plus all of the kitchen equipment is approximately $400,000. Value of the real estate is approximately $325,000. This business is close to apartment complexes. Located in Odessa, Texas on major highway close to many apartment complexes. Both restaurant & lounge cover an area of 7,390 square feet with lots of guest parking. Odessa sits midway between Fort Worth & El Paso & is thriving with new businesses & a booming manufacturing sector Odessa has many great features including a favorable climate, affordable yet upscale housing, highly skilled & virtually union-free labor force & an excellent quality of life. Odessa is also proud to be the home of the University of Texas Permian Basin & Odessa College. The Corporation was created to expand & diversify the industrial base, to bring in new industry & encourage expansion of existing industry. Odessa has a state-of-the-art health care service & because of its strategic location in the heart of West Texas has grown to become the health care hub for surrounding communities.
Categories
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Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (1,250,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (150,000) |
| Profit Type: |
Not Disclosed |
| Asking Price: |
Between $500 Thousand and $1 Million (500,000) |
