Popular Bar In An Upscale Houston Community

Houston, TX
Harris County


Asking Price: Annual Revenue:
$299,000 $504,500

Food & Beverage: Bars, Clubs, Nightspots


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RE: Popular Bar In An Upscale Houston Community Broker: Louis Sabbagh

Quick Facts

Asking Price: $299,000
Annual Revenue: $504,500
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 10
BBN Listing #: 685544107
Broker Reference #: 76931-989661

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Business Overview:

A very popular bar in a highly affluent Houston community. This bar offers a unique tranquility ambience desired by high income professionals. It offers light meals and food snacks on top of all kinds of drinks. The bar is famous for small group gatherings and parties.

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Property Features and Assets:

This bar opened for business in 2010 with the current owners as partners. In 2015 the current owners took full possession of the business and continued running it with the help of a manager since then.

Market Competition and Expansion:

Advertising and special activities can add to sales hence net profits.

Reason for Selling:

Retirement

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.

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