TURN KEY BAR RESTAURANT OPERATION IN KINGWOOD, TEXAS
Description
A TRUE NEIGHBORHOOD BAR WITH UPSIDE POTENTIAL
*currently operating daily – please go enjoy the unique and amazing cocktails & menu
SALE TO INCLUDE: TRADEMARK,PROPRIETARY MENU, LONGTERM LEASE, LICENSES, ALL FF&E, OPTION TO RETAIN EXISTING STAFF
DOES NOT INCLUDE REAL PROPERT
LOCATION: 23842 US-59, Kingwood, Texas, 77339 Montgomery County – Northpark Shopping Center Plaza
LEASE: 4,000 SF / $12 PSF + $7.50 PSF NNN, Primary term expires Two (2) Renewal Options – Lease Assignment with acceptable guarantor
ADDITIONAL: Sale to Include – All Fixtures, Furniture, Equipment, Small Wares, Branding, Menu, Intellectual Property, Potential Brand Expansion (negotiable), If buyer purchases stand alone LLC (with no existing debt or additional liabilities) the alcohol inventory to be transferred in Bill of Sale, existing manager to train new personnel for a short term period Very little wear & tear March 2025′ construction complete
Capacity 90
PRICING: $500K – well below replacement cost
SELLER EXIT: The seller is focused on other projects in their portfolio and has been unable to focus on growing the clientele, programming, social media, and day to day operations. As such, there is enormous upside potential in this underserved market. We seek a buyer with bar operation experience that agrees with our growth opinion, and potentially would consider replicating this brand to other markets over time.
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Address 23842 US-59,KI NGWOOD, 77339
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Country United States
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