Brand New Bar In Northwest Houston
Houston, TX Harris County
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- RE: Brand New Bar In Northwest Houston
- Contact: Ron Hankamer
Quick Facts
| Asking Price: | $150,000 | |
| Annual Revenue: | $400,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $70,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $120,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2023 | |
| Employees: | 10 | |
| BBN Listing #: | 940028 | |
| Broker Reference #: | 76931-851510 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-851510
Priced to sell and Absentee owner! This unique lounge opened in late 2023 and is located in a busy area of Northwest Houston. The atmosphere has a relaxed and modern feel plus an outdoor patio. Menu includes beer, wine, and delicious cocktails, along with entrees such as chili glazed salmon, pork chops, cowboy ribeye, burgers, salads, and more. Sit at the luxurious bar and watch your favorite sports team on TV or enjoy a comfy sofa with your best friends for happy hour! The bar has 2,315 sq ft and is located in an area with excellent demographics, visibility, and traffic counts. The monthly rent (including CAM) is $6,645. Sales for first year are estimated at $400,000 and include approximately 45% in alcohol sales. The business does have positive earnings but is being sold at less than asset value since owner lives out of state. We're looking for an experienced restaurant/bar operator or buyer with marketing experience that can take this business to the next level! The listing price includes over $120,000 in FF&E, $295,000 in Leasehold Improvements, plus $4,500 in Inventory.
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Property Features and Assets:
Monthly Rent: $6,645.00
Square Units (Foot, Meter): 2,315
Lease Expiration Date: February 27, 2026, 10:00:00 PM
Terms Options: 2 Three Year Options
Reason for Selling:
Relocation
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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