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29975845

11000 Westheimer Rd, Houston, TX 77042

LN
TX 771673
HomeSmart
Listed by HomeSmart
$650,000
124 days on market
Updated 1 day ago

Upscale Lounge and Restaurant Bar for sale

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 9,500
Net Rentable (SqFt) 9,500
Units 1
Cap Rate 61.54%
NOI $400,000
Price per SqFt $68
Broker Co-Op No
Class B
Year Renovated 2024
Sale Condition For sale by owner

Turnkey High-Revenue Upscale Restaurant & Lounge

Marketing description

Turnkey High-Revenue Upscale Restaurant & Lounge

Premier Location | Elite Aesthetic | Strong NOI

Elevate your portfolio with this stunning, high-performance hospitality venue. Perfectly situated with unmatched street visibility, this upscale establishment blends fine dining with a high-energy nightlife experience. Boasting a sophisticated interior and a sprawling, heated outdoor patio, the business has become the go-to anchor for the area’s social scene.

The Highlight Reel

  • Strong Financials: Boasts a high Net Operating Income (NOI) with consistent year-over-year growth.

  • Aesthetic Excellence: Professionally designed with high-end finishes, bespoke lighting, and a "photo-ready" atmosphere that drives organic social media marketing.

  • Versatile Revenue Streams: A seamless transition from a premium dining experience to a high-energy lounge featuring a dedicated Hookah service.

  • Prime Outdoor Space: A massive, beautifully landscaped patio that doubles capacity and ensures year-round revenue.

  • The Weekend Magnet: Currently enjoys a reputation for a "wall-to-wall" weekend crowd, commanding premium table minimums and bottle service.

Location & Logistics

  • Visibility: Situated in a high-traffic corridor with massive signage potential and heavy foot traffic.

  • Operations: Fully staffed with a professional kitchen and floor team. All systems are digitized and streamlined for easy management.

  • Transition Support: The current owner is committed to your success and is offering two weeks of hands-on training to ensure a seamless handoff of vendor relationships and operational secrets.

The Ideal Buyer

We are looking for a visionary owner with high energy and a passion for the hospitality industry. Whether you are an experienced operator looking to expand or an investor seeking a "crown jewel" location, this venue is primed for its next chapter.

Listing Contacts

LN
TX 771673
HomeSmart
Listed by HomeSmart

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$400,000.00
$33,333.33/mo

Valuation Metrics

0
DSCR
61.54%
Cap Rate
61.54%
ROI

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Additional Information

Name
Lynda Nguyen
License
771673
Brokerage
Homesmart
Brokerage Phone
346-296-8003
Title
Real Estate Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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