Downtown Houston Bar & Lounge - Priced to Sell!

Houston, TX (Harris County)

Bar and Lounge
Contact Seller

Asking Price: Get Financing: $55,000

Cash Flow: $18,000

Gross Revenue: $180,000

EBITDA: N/A

FF&E: N/A

Inventory: $4,500

Lease Rate: $2,500 /SF

Established: 2017

Downtown Houston Bar & Lounge - Priced to Sell!

Get Financing Save Print Share Valuation Report

Business Description

Small cute bar & lounge in near downtown Houston located on the Feeder street of 59 South.  The semi-absentee owner uses promoters to market the business on Facebook and other websites.  Each night has a unique theme concept such as Poetry Night wherein professionals and armatures preform poetry, Dress Up Saturdays, and Good Vibes Fridays. 

The customers are a mixture of Urban, Hispanic, and White. They have the licenses for selling beer, wine, & mixed drinks, as well as a late hours permit.  This place is ready for a new owner and their input regarding a successful concept that will work at this location which could include an after hours hot spot.

The price for this bar is a fraction of what it would cost to open a similar bar from scratch.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
5 FTE
Facilities:
1,200 sq. ft. leased space
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Absentee Owner
Contact Seller

Contact the Seller

Contact Seller Loading

Jeff Jones

Business Listed By:
Jeff Jones

Texas Broker

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1548193 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Bonchon

Franchise Opportunity
Capital Required: $400,000