000 In Owner Take Home Annually!Spring, TX 77379

For Sale
$499,000

Established Sports Bar, High Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
94
This thriving Spring, Texas bar and grill, established in 2007, is offered for sale at $499,000. Boasting 8,230 square feet of space, it features a fully equipped kitchen with multiple fryers, a grill, flat top griddle, convection oven, walk-in cooler, and ample prep areas. The spacious interior comfortably seats 150 patrons, complemented by a fantastic patio. Entertainment options include pool, darts, shuffleboard, and golden tee, along with numerous TVs for sports viewing. The current lease expires December 2024, with two five-year options available. The current monthly rent, including NNN charges, is $15,652 ($2.38 per square foot). The business enjoys a strong local following, built over 17 years, with significant potential for growth through menu expansion and increased customer frequency. Financial records indicate a gross revenue of $1,584,593 and a cash flow of $198,917 annually, representing a substantial owner take-home of $200,000. The sale includes all equipment, including a POS system, dual-head frozen drink machine, and a comprehensive inventory of barware and kitchenware. This turnkey operation presents a unique opportunity for an experienced restaurateur or investor seeking a profitable and established business in a prime location. Financing may be available with a 20% down payment. The seller is motivated by a career change.

Highlights

  • Property is not confidential.
  • Not a franchise.
  • Not an asset sale.
  • Asking price: $499,000.
  • Gross revenue: $1,584,593.
  • Cash flow: $198,917.

Property Details for 000 In Owner Take Home Annually!

Property type
Other retail properties, Restaurants
Square Feet
8,230 SF
Year Built
2007

Location Insight

City
Spring
County
Harris
State
Texas
Latitude
30.0314279
Longitude
-95.5302337
000 In Owner Take Home Annually!, Spring, Texas

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