Business Overview:
A million dollar bar for a fraction of the cost! This bar is a diamond in the rough opportunity for an experienced owner, priced at around 20% of replacement cost with tremendous sales. An immediate jump in net cash flow is there for an operator who is hands on and can tweak the concept while trimming the ‘fat’. It is located in one of the most prestigious areas of Central Houston and poised to be a huge success with a new name and a few changes to make it unique. The bar currently offers food and a full line of liquor and beers, as well as a full stage with lighting and sound for live music events. Owners say the large entertainment expense can be removed without affecting sales. Bathrooms were recently remodeled, all other equipment is only 3 years old. There are countless parking spots for your crowd within the shopping center and one of the biggest sources of competition down the street is pegged to close within the next month which is sure to fill the barstool here. Buyers should have experience in the industry, please be discreet when visiting.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
6,158 square feet facility in shopping center
Market Competition and Expansion:
Owner-operator
Reason for Selling:
Parent company focusing on core locations.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.