See Similar Listings

Established Sports Bar in EXCELLENT Katy, TX Market!

Katy, TX

Seller Financing Available

Asking Price:$500,000
Gross Revenue:$915,452
Rent:$10,555/Month
FF&E:$124,820
Cash Flow:$296,412
Inventory:$1,790
EBITDA:$296,412
Established Year:2001
Listing ID: 2226423Listing provided by BizBuySell
BUSINESS DESCRIPTION

Popular 20+ Year Sports Bar with Excellent Cash Flow with HUGE Upside!

This 20+ year sports bar has a strong customer base, excellent location, and a wide variety of attractions such as pool tables, gaming machines, dart boards, karaoke, DJ Booth and equipment, NFL Sunday Ticket, and more. The current staff comes very highly reviewed for their high quality drinks, food and service. The owner has barely raised prices of food and drink menu items over the years leaving lots of potential revenue on the table for a potential new owner. This opportunity is priced to sell and the owner will seller-finance for a qualified buyer. Additionally, the seller will act as a resource for a new owner for as long as necessary during the transition period after a sale. This is an excellent opportunity for experienced bar and restaurant operators, or even a buyer looking to get their start.

DETAILED INFORMATION
Location
Katy, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,600
Lease Expiration
31/10/2029
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Full commercial kitchen with pizza oven, char-broiler, 2 fryers, ice machine, walk-in refrigerator, 2 household style refrigerators, etc. Full bar with all relevant bar materials and inventory, all tables and chairs, 7 total pool tables (2 credit card, 5 coin operated), 4 Golden Tee gaming machines, cigarette machine, 1 jukebox, 6 arcade machines, 13 security cameras,
Competition
The Katy area is a densely populated market with average household incomes that are more than double the national average. This particular location benefits from two major thoroughfares with excellent daily vehicle and foot traffic. There are very few bars in the market that are primarily bars rather than restaurants - the dedicated clientele base appreciates the classic sports bar environment and the abundance of adult activities that are offered such as pool tables, various arcade game options, karaoke, etc.
Growth & Expansion
Despite minimal sports bar competition in the market, the owner has kept pricing on food, drinks and games relatively unchanged aside from marginal raises to compensate for rising expenses. Additionally, there is massive potential for a new owner to benefit from improved signage and web-presence. Although the business has a Facebook and yelp presence, it is not carefully looked after and does not utilize monetized ads. Improved signage and web presence are the missing piece to bring in new customers to a business that has been supported by regulars.
Financing
Seller will Finance with 50% Down Payment - Other Terms TBD
Support & Training
The owner is willing to be a resource to a potential buyer for as long as necessary until they have a full understanding of the business.
Reason for Selling
Owner Retirement
Franchise
This business is an established franchise
Report an Issue with this listing
Craig Rice
Phone Number
Craig Rice
Call Phone