Popular Upscale Nightclub Bar In Midtown Houston For Sale

Business description

Here’s a unique, upscale nightclub in Midtown Houston which has everything going for it. An extremely popular destination for the last few years, this place is consistently shoulder-to-shoulder packed for its music performances as well as weekend DJ performers. It is wildly popular with its patrons not only because of its free parking (very rare in this area), but because it offers one-of-a-kind performances, 3 fully stocked bars inside, a huge dance floor & stage, and several VIP sections with private rooms. A fenced ‘patio area’ in the rear can even be used for outside parties because of the bar’s location – which is not done anywhere else in Houston. The inside has recently gone through a large renovation where the owner spared no cost. The lease also includes all utilities and a billboard rented at $350/mo which hangs directly overtop one of the busiest freeways in Houston – you can’t beat advertising costs like that! The bar averaged just above $30K gross per month in 2011. Real estate is available for an additional $460,000.

Asset Sale

Property information

Real Estate:

Lease

Location:

4,924SF facility in office bldg

Other information

Expansion potential:

Continue mass marketing efforts, bar popularity is on its way up.

Reasons for selling:

Too many partners involved in business.

Trading hours:

3 days, Wed., Fri., Sat. 8PM - 2AM

Furniture / Fixtures value:

$70,000 (included in the asking price)

Inventory / Stock value:

$4,000 (included in the asking price)

Related documents:

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• Business Profile