Rooftop Bar and Grill at University of Houston

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The only dedicated sports bar and grill at the University of Houston
Asking Price:
$700,000

Gross Revenue:
$1,447,170
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Rooftop Bar and Grill is an indoor/outdoor restaurant-pub. The indoor square footage is 3,507 sf and the outdoor square footage is 3,665 sf.

The Rooftop Bar & Grill enjoys a lack of competition on the University of Houston campus as it is the only dedicated sports bar on campus. The bar & grill is host to many watch parties for sporting events throughout the year and has enjoyed growth, partially driven by UH’s growth as an athletics powerhouse. The 2016-17 UH basketball team had an amazing 21-11 season and made it just short of the “Sweet 16” in the NCAA’s yearly basketball tournament. The football and baseball teams have has similar rises to excellence within the last 5 years.

As the university continues with major capital expenditures in both academic infrastructure and athletic facility infrastructure, the university will continue it’s meteoric rise to the top levels of US universities. A $60 million investment into the basketball facilities, spearheaded by Tillman Fertitta is just one of recent such expenditures.

These investments into the school have created a robust student culture and pride that increases campus dwell time for those who are “commuter students”. For those living on campus, the increase in camaraderie of fellow students has created a noticeable bolstering of retail activity on campus. The Rooftop Bar & Grill has enjoyed the positive bene ts and has branded themselves as the “go-to” hangout on campus.

About the Business

Year Established:
2015
Number of Employees:
25
Real Estate:
Leased
Building Sq. Ft.:
3,507
Facilities:
Please refer to the attached flyer for a full list.
Website:
www.calhounsrooftop.com
Market Outlook/
Competition:
The Rooftop Bar & Grill is nestled in a protected enclave at the end of Calhoun Road on the university campus. Within the physical bounds of the campus, there remains little to no additional room for private retail development - an excellent barrier to entry that safeguards against competitors.

Immediately across Calhoun Road lies the Calhoun Lofts Apartments (on-campus housing). An additional 6 student dormitories lie within 1/3 mile approximately. Refer to the following page for detailed location analysis.
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About the Sale

Reason For Selling:
Restaurant is for sale because it is far from the owner's home office.
Training/Support:
Yes

Listing Info

ID:
1392941
Ad Detail Views:
236

Attached Files Attachment Disclaimer

  Flyer - Please Download (2 MB)
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Business Listed by
Michael Blount Jr.

 Show Phone Number

U.S. Census Data for Fort Bend and Harris Counties, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Fort Bend and Harris Counties, TX
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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