Listing Number: 76931-468341
If you like cash and you like the bar business, this one is for you. Very upscale concept with great staff and loyal customers.
The venue has a massive number of TVs for game watching and other programming. What makes this a great bar is not only an inspired drink menu, but a flavorful and creative eating experience. The developers know that bringing a restaurant into a bar typically invites headaches and lower profit margins, so they developed the bar with an inspired food truck theme where the mix can be varied as much as one can imagine. The Food Truck venues are totally outsourced and wildly successful!
First established in January 2020, the bar was conceived on the front end of the Pandemic. While the pandemic shuttered this venue for nearly 6 months, the bar still managed to hit almost $2.6M in top-line revenue. Staff includes approx. 40 employees including 22 bartenders and several management staff. Seller invested over $400K in FF&E and leasehold improvements. Significant growth potential for a new buyer. Seller seeking sale to free up cash and pursue other business concept interests. Excellent business for either an owner-operator or investor.
- Price: $ 6,690,001
- Down Payment: --
- Sellers Discretionary Earnings: $ 1,703,084
- Total Sales: $ 4,890,295
- Location: Harris County, Texas
- Inventory: $ 20,000
- FF&E: $ 407,000
- Employees: 39
- Reason for Selling: To develop another bar concept
- Category: Liquor Related Biz