000 In Owner Take Home Annually! Spring, TX 77379
- Retail properties
- 8,230 SF
Current Use by Public Records
- Retail properties
Property Details for 000 In Owner Take Home Annually!
- Year built
- 2007
- Property size
- 8,230 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Spring
- County
- Harris
- State
- Texas
- Longitude
- -95.5302
- Latitude
- 30.0314
