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Sports Bar / Music Spot Nightlife Avenue
Location Texas,United States
Asking Price Range $250K - $500K
Gross Revenues $745860
Net Profit / Cash Flow $157103
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 10 - 19
Inventory 179676
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Owners are undercapitalized.
Description Check out the most beautiful sports bar & music venue on Houston's party avenue which is now available for acquisition. This superb location offers several hot music acts each month, attracts sports enthusiasts with multiple TVs and provides a full food menu that very few locations on this street can match. Many corporate parties & events are booked here as it has not only the space to hold everyone, but the capability to serve fantastic food in a quality atmosphere. All of the hard work has been done by the present owners; the location is now at profitability and has built a huge following even on the notorious slow nights of the week. No expense was spared in the buildout, you'll find everything from top notch brick & woodwork to the finest kitchen equipment money can buy. There is a large patio in front of the business overlooking the most highly foot-trafficked portion of the street. The owners are selling far below their cost to build as they are too undercapitalized in their personal lives to continue on. A long-term lease is in place and can be extended if new owner wishes. The net income advertised is based on the four slowest months of the year, as the summer months approach sales will grow tremendously (as last year's numbers clearly show the seasonality). Based on last year's earnings & this year's projections, there is a good chance the new owner can pay off the bar in one year at the current asking price. Very few businesses offer this kind of opportunity!
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