Profitable Absentee Bar & Restaurant in North Houston

Houston, TX (Harris County)

Profitable Absentee Bar & Restaurant in North Houston

Asking Price:$149,000

Cash Flow:$96,667

Gross Revenue:$206,538




Rate/Sq. Ft.:N/A


Profitable Absentee Bar & Restaurant in North Houston

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Business Description

Here's an opportunity to acquire a bar & restaurant in the booming Magnolia/Spring area off of a major roadway at a deeply discounted price! This fully stocked bar & restaurant was beautifully built out in 2013 by the current management and has been a local hit ever since. It features a large seating area for food patrons, large wooden bar, stage & audio system, several pool tables (and other vending machines), a HUGE patio/outdoor space and a fully equipped kitchen. The covered patio area opens up to a large fenced field with additional seating and is sometimes used for outdoor events & shows - this could be better utilized to increase profits. It is also currently closed for lunch on the weekends when the area has a huge lunch rush. The owner of the business has multiple other businesses and does not have the time to continue to manage this one (it is currently absentee operated). This business is priced at a fraction of the asset value, and well under market value for a quick sale - you MUST act fast to get this one! Please refer to CBB Listing #7969RDE

Attached Documents

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
4 Contractors
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
3000SF facility in shopping center
Growth & Expansion:
Owner-operation - business was more successful when owner worked in the business
Support & Training:
Seller will train
Reason for Selling:
Owner is landlord and doesn't want to continue working

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Frank & Rose Stabler

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Frank & Rose Stabler

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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