Asking Price: $395,000 Gross Revenue: $1,447,170Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
INCLUDED. Please refer to the attached flyer for a full list.
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.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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