TRANSWORLD BUSINESS ADVISORS OF HOUSTON.
Priced to sell and Absentee owner! This unique lounge opened in late 2023 and is located in a busy area of Northwest Houston.
The atmosphere has a relaxed and modern feel, plus an outdoor patio. The menu includes beer, wine, and delicious cocktails, along with entrees such as chili-glazed salmon, pork chops, cowboy ribeye, burgers, salads, and more. Sit at the luxurious bar and watch your favorite sports team on TV or enjoy a comfy sofa with your best friends for a happy hour!
The bar has 2,315 sq ft and is located in an area with excellent demographics, visibility, and traffic counts. The monthly rent (including CAM) is $6,645. Sales for the first year are estimated at $400,000 and include approximately 45% of alcohol sales. The business does have positive earnings but is being sold at less than asset value since the owner lives out of state. We're looking for an experienced restaurant/bar operator or buyer with marketing experience who can take this business to the next level!
The listing price includes over $120,000 in FF&E, $295,000 in Leasehold Improvements, plus $4,500 in Inventory. There are 10 employees including 1 general manager on staff. The owner will provide 2 weeks of training to ensure a smooth transition. Additional time is available upon request.
Increased marketing and better supervision will help increase revenue and earnings going forward. There are also strong delivery, event, and catering opportunities in the area. This business is not a franchise so buyers can change the menu or concept if desired.
