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: 12/11/2017

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

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

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