Bar and Lounge for Sale in North Houston
Asking Price
150000
Annual Cash Flow*
0
Annual Revenue
250000
Sunbelt Listing ID
N1502-CB
Real Estate
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.
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.
SOLD
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
713-594-8210
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.