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- RE: Cash Cow Bar And Night Club
- Contact: Steve Merritt
Quick Facts
Asking Price: | $2,867,222 | |
Annual Revenue: | $2,339,880 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $687,571 | |
Total Debt: | Not Disclosed | |
FF&E: | $50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 26 | |
BBN Listing #: | 945484 | |
Broker Reference #: | 76931-103887 |
Business Overview:
The bar serves up a lively and unique atmosphere in the heart of Houston, Texas. The establishment is comprised of almost 2,500 square feet of indoor space with an occupancy of 70. Additionally, a substantial bar is operated out of the parking lot where there have been hundreds of party goers.
For more than 15 years, this bar has serviced the community and has grown into the go-to location. Known for their reasonable prices and lively scene, they garner a high loyalty and return many of their same guest’s day in and day out. Open every day until 2am and with a mix of 95% liquor and 5% beer sales, the margins are quite healthy! After many years of owning his passion, the founder must retire due to significant health reasons. Although he has been very hands on in the past, his current duties have been limited to bookkeeping and some HR oversight. As a result, he has built a solid foundation for a semi absentee environment from an operations standpoint. The staff is well seasoned and loyal to the business.
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Property Features and Assets:
Monthly Rent: $2,000.00
Square Units (Foot, Meter): 2,478
Lease Expiration Date: December 30, 2026, 10:00:00 PM
Terms Options: Negotiable
FF&E General Condition: good
Market Competition and Expansion:
Competition: Lot's of competition in the area, but this is good for the bar business as it gives lots of close-in choices. Folks like to bar hop!
Reason for Selling:
Health
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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