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Bar and Lounge for Sale in North HoustonDescription:
Located in the fastest growing area in Houston, this bar has many opportunities for a new owner to create their own unique sports bar, dance club, etc. Inside is decorated very modern, with a dance floor and stage for bands (all necessary top of the line audio equipment is in place.) The initial investment was $250K with FFE of over $100K.A nice outside patio completes the façade. Present owner lost his operating partner and is in a must sell situation. Bring your experience or enthusiasm to this great opportunity complete with all the bells and whistles. In addition the Texas Restaurant Association changed the tax law that will increase earnings 7.3% on all liquor sales.
|Industry: Food / Beverage|
|Purchase Price:|| $150,000
xPurchase Price Notes:
|Annual Cash Flow: *||$0|
|Listing Agent:||Carrie Baier|
|Annual Revenue:|| $250,000
xAnnual Revenue Notes:
xReal Estate Notes:
* Cash flow is defined as net profit plus taxes, interest, depreciation, amortization, and owner’s compensation. See earnings detail from Seller.