Listing Number: 76931-632646
This newly built-out sports bar with a full kitchen is in the Northeast Houston area near Porter and Humble. The seller has built and run medical clinics successfully for many years. In 2020, he decided to venture into the bar and restaurant business, and the result was this trendy and fun sports bar. The space was imagined and built-out as a traditional sports bar with the newest kitchen and bar equipment, gorgeous light fixtures, furniture and TVs for sports and special events. There is also a nice patio with a pool table. Patrons can enjoy a generously stocked bar and the kitchen is fully equipped to serve any type of food the buyers decide they want to serve!
As the pandemic, unfortunately, stretched into late 2020 and 2021, the business has not grown fast enough. The seller is a stellar business owner with a true vision, but he does not have experience in the hospitality business. With the right owners who know the ins and outs of running a profitable bar, this business will thrive. The sparkling new equipment and build-out are worth $580,000. The seller has detailed records of equipment, furniture and fixture purchases, and the current inventory of liquor is at least $20,000. The bar opened in July of 2020 and through December of 2020, generated $103,873 in sales. The bar has generated $221,712 in sales through August of 2021. Under the right ownership, the business should be easily profitable as rent for the 2,500 sq ft space is only $2,950 per month. The lease is valid until 2024 and was initially a five-year term.
- Price: $ 200,000
- Down Payment: $200,000
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 221,712
- Location: Montgomery County, Texas
- Inventory: $ 20,000
- FF&E: $ 280,000
- Employees: 8
- Year Established: 2020
- Reason for Selling: Other opportunities
- Category: Restaurants