Bar & Club In West Houston - Absentee Owner
Listing: #HT00168Fernando Saldivia
Broker | Houston
About this Business for sale in Houston
Bar & Club In West Houston - Absentee OwnerSurrounded by class A residential and near major O&G corporations, this renovated bar / club is up for sale. The venue has a unique inviting atmosphere featuring upscale decor, private rooms, turf patio, 20 TVs, pool table, games and much more. Owner invested over $200,000 in remodeling, furniture, and equipment to make this spot an ideal place for hosting private parties and company events. Currently the owner is absentee with 1 manager and 3 employees in place. Monthly sales average $45,000. Occupancy for up to 197.
The rent is $11,800. Lease term until April 2028 with option to renew. This is a turnkey opportunity as the LLC is included in sale. Some seller-financing is available to experienced buyer.
Contact broker to schedule showing today!
Ad#:2284048
Detailed Information
Location:
Houston, TX
Inventory:
$10,000 Included in asking price
Real Estate:
Leased @ $11,800
Building SF:
4,149
Lease Expiration:
4/30/2028
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable
Reason for Selling:
Owner focused on other businesses
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.