Bar and Lounge for Sale in North Houston

Asking Price

$150,000

Annual Cash Flow*

Not Applicable

Annual Revenue

$250,000

Sunbelt Listing ID

N1502-CB

Real Estate

Bar and Lounge for Sale in North Houston
Bar and Lounge for Sale in North Houston

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.

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Bar and Lounge for Sale in North Houston
Bar and Lounge for Sale in North Houston

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.

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Pictures are stock images and are not indicative of the actual business.

Listing Details

State

City

Texas

Houston

Company Description

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.

Listing Agent

DA-head-shot-resized.jpg

713-594-8210

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Industry

Food and Beverage

*Cash flow is defined as net profit plus taxes, interest, depreciation, amortization, and owner's compensation. See earnings detail from Seller.

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