Heavy Cash Flow Upscale Bar in Great Area!

Houston, TX
Harris County

Asking Price: Annual Revenue:
$6,690,001 $4,890,295

Food & Beverage: Bars, Clubs, Nightspots

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RE: Heavy Cash Flow Upscale Bar in Great Area! Broker: Steve Merritt

Quick Facts

Asking Price: $6,690,001
Annual Revenue: $4,890,295
Net Profit: Not Disclosed
Cash Flow: $1,703,084
Total Debt: Not Disclosed
FF&E: $407,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 39
BBN Listing #: 823744107
Broker Reference #: 76931-468341

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Business Overview:

If you like cash and you like the bar business, this one is for you. Very upscale concept with great staff and loyal customers.

The venue has a massive number of TVs for game watching and other programming. What makes this a great bar is not only an inspired drink menu, but a flavorful and creative eating experience. The developers know that bringing a restaurant into a bar typically invites headaches and lower profit margins, so they developed the bar with an inspired food truck theme where the mix can be varied as much as one can imagine. The Food Truck venues are totally outsourced and wildly successful!

First established in January 2020, the bar was conceived on the front end of the Pandemic. While the pandemic shuttered this venue for nearly 6 months, the bar still managed to hit almost $2.6M in top-line revenue. Staff includes approximately 40 employees including 22 bartenders and several management staff. Seller invested over $400K in FF&E and leasehold improvements. Significant growth potential for a new buyer. Seller seeking sale to free up cash and pursue other business concept interests. Excellent business for either an owner-operator or investor.

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Reason for Selling:

To develop another bar concept.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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