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Bar Seeking Loan in Houston, USA

Reputed bar and restaurant with live music located in a prime location seeks a loan.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales USD 480 thousand
EBITDA Margin 20 %
Industries Restaurants + 1 more
Locations  Houston
Local Time 9:50 PM America / Boise
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 480 thousand for 12.0% annual interest, 10 years (Native Currency: USD 480,000)
Reason: The bar is owned by an external party and we need funds to acquire the bar.
Collateral Available: USD 0
Includes physical assets worth USD 20 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview
- We are a well-known country bar and restaurant based in Houston with live events.
- Average footfall is around 30-40 customers per day.
- Have events on Wednesdays, Fridays and Saturdays with full house occupancy.
- We have a large open area with barbeques, live bands, karaoke.
- Promoters have 12 years of experience in this field.
Products & Services Overview
Food, spirits, beer, cocktails, barbecues, whiskey and live music.
Assets Overview
Physical assets include kitchen and bar equipment.
Facilities Overview
We have a leased space of 800 square feet.
Capitalization Overview
Not Disclosed
Recent Activity
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12 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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