Listing Number: 76931-882229
Great opportunity to own a bar at a fraction of the typical startup cost. This bar specializes in craft cocktails and is located in a historic building in downtown Houston. Can be run as is or change the concept if desired.
The bar is known for their delicious handmade cocktails and has a cozy, but lively vibe with some of the best DJ's in Houston. You can hang out at the bar, dance, or simply enjoy the comfortable and classy upstairs lounge.
The bar has 1,900 sq ft with an outdoor patio and is located on a busy street with excellent demographics. Monthly rent (including CAM) is $7,500 and lease is assignable to an approved buyer.
The listing price includes over $155,000 in FF&E and Leasehold Improvements, plus $8,000 in Inventory. The owner works there full time and there are 3 employees on staff. The owner will provide 2 weeks of training to ensure a smooth transition. Additional time is available upon request. The owner is selling due to health reasons.
Per owner's financials, sales in 2022 are estimated at $350,000 with approximately $28,000 in discretionary earnings. The bar is open 6 days per week from 5pm to 2am. There is no kitchen on site but food options can be provided to customers by third parties.
- Price: $ 125,000
- Down Payment: $125,000
- Sellers Discretionary Earnings: $ 28,000
- Total Sales: $ 350,000
- Location: Harris County, Texas
- Inventory: $ 8,000
- FF&E: $ 80,000
- Employees: 3
- Year Established: 2020
- Reason for Selling: Health Reasons
- Category: Restaurants