10800 Hayne Blvd

Business Opportunity for Sale
Catylist Listing ID: 29995914
Property Subtypes: Food and Beverage
Building Size (RSF): 3,000 SF
Sale Price: $299,000
Name of Establishment: Henry's House
Business Website Address: N/A
Franchise Parent Name: N/A
Year Business Established: 1996
Gross Revenue: $100,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Living Accomodations: Yes
Sale Terms: Cash to Seller
Last Updated: 11/6/2018

Overview / Comments

Operating and successful bar and grill on Hayne Blvd. Owner is retiring and wants to sell everything (all business assets - Video Poker licenses (3), Furniture, Fixtures, etc). This Fantastic opportunity just got a whole lot sweeter for an investor/operator. Priced at 24% Cap Rate on CURRENT income !!!!!!

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Industry Segment: Bars and Taverns
Reason for Selling: Owner retiring
Value of Inventory Included ($): $5,000
Value of Furniture, Fixtures, and Equipment ($): $15,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $150,000
Real Estate Lease Description: None offered. However, additional income potential with a second floor apartment.
Competition/Market Description: Great neighborhood bar with fantastic mixed crowd of tradesmen, laborers and professionals. One of very few in the area.
Growth/Expansion Opportunities: Cash flowing already with room for improvements both up and out !
Seller Financing Description: None Offered

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,549 55,946 90,328
Median Age: 32.69 32.71 33.94
Households: 5,577 20,101 32,919


The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.