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A one of a kind opportunity at the University of Houston

A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

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Page 1: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

A one of a kind opportunity at the University of Houston

Page 2: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

TABLE OF CONTENTS

EXECUTIVE SUMMARY

ROOFTOP BAR AND GRILL

THE UNIVERSITY OF HOUSTON

HURRICANE HARVEY SUPPLEMENT

OVERVIEW

LOCATION

THE BAR AND GRILL

SALES / ASSETS

ATHLETICS

HILTON COLLEGE OF HOSPITALITY

CAMPUS LIVING

OVERVIEW

3

4

5

6

8

10

11

12

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SALES DRIVERS 7.........................................................................................................................

COLLEGES OF STUDY 9...........................................................................................................

Page 3: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

EXECUTIVE SUMMARY

SIZE 3,507 SF Internal3,665 SF External

LOCATION 4701 Calhoun RoadSuite 200Houston, Texas

PRICE $700,000

THE UNIVERSITY OF HOUSTON ATHLETIC PROGRAM HAS BROKEN MULTIPLE RECORDS IN RECENT YEARS

LOCATED ON THE UNIVERSITY OF HOUSTON CAMPUS, A 667 ACRE TIER-1 COLLEGE

43K+ STUDENTS

3 POWERFUL SPORTS TEAMS DRIVING

ADJACENT, OR NEAR TO, 7 STUDENT DORMITORIES

RESTAURANT SUCCESS

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.

INVESTMENT OPPORTUNITY

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 benefits and has branded themselves as the “go-to” hangout on campus.

LOCATION

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.

Page 4: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

LOCATION / CAMPUS MAP

LEGEND

Housing1. Calhoun Lofts2. Bayou Oaks3. Moody Towers4. Cougar Village I5. Cougar Village II6. Quadrangle7. Cougar Place

Athletics8. TDECU Stadium (Football)9. Fertitta Center (Basketball)10. Melcher Gymnasium11.Yeoman Fieldhouse12. Cougar Baseball Field13. Carl Lewis Track and Field14. Softball Stadium15. Tennis Courts

Performing Arts16. Moores Opera House17. Cynthia Mitchell Theater18. Blaffer Art Museum

Hotel and Restaurant Mgmt.19. Conrad N. Hilton Hotel

Page 5: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

THE BAR & GRILL

Page 6: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

SALES / ASSETSASSETS

KITCHEN AND BAR EQUIPMENT Walk-in cooler, 16’ x 8’ x 8’7” Keg rack, 25 keg capacity Reach-in freezer, 2 sections 2- Hand Sink Refrigerated work top Exhaust hood fire system Type 1 10’ exhaust hood Refrigerated equipment stand Counter-top griddle Salamander Fryer Worktop freezer, True Food French fry warmer Three compartment sink Worktop freezer, Continental Hot food well Refrigerated sandwich unit Microwave oven Ice bin Glass Rack Beer Tower Blender Station Pass-thru cocktail station 2-Refrigerated back-bar cabinet, 48 Refrigerated back-bar cabinet, 72 Hand sink

AUDIO / VISUAL Crown Power Amp HDTVSUPPLY.COM Matrix 16X16 Video Switcher HDTVSUPPLY.COM Matrix 16X16 Audio Switcher Mackie DL1608 16-Channel Digital Mixer w/Ipad 2 Interface EV ZLX12 Outdoor Weatherproof Speaker (4) EV ETX-15SP 15” Powered Subwoofer EV ELX115P Active 15” Loudspeaker (2)

FURNITURE Jack Daniels Barrel Table Tops (10) Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom Built-in Bench Seating Custom Built Booths w/Storage (4) Custom Reclaimed Wood Railing Custom Wood Tables (4) Custom Made Metal Liquor and Storage Shelving Custom Outdoor Wooden Booths (3) Corhole Boards (2) sets

TECHNOLOGY / POS Back Office Computer Office Computer Security Computer Protech POS Monitors, Digital Dining (3) Ipad for POS (3) Ipad for Mixer Board Epson Printer (6) Vizio 50’ LED Smart TV (12) Mitsubishi Projector 120” Custom Video Screen

Page 7: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

SALES DRIVERS

STUDENT BODY

43,000+ STUDENTS

500+ ORGANIZATIONS AND CLUBS

48 FRATERNITIES AND SORORITIES

15 INTERCOLLEGIATE SPORTS TEAMS

30 INTRAMURAL ACTIVITIES PER YEAR

18 CAMPUS MINISTRIES

102 MULTI-CULTURAL ETHNIC ORGANIZATIONS

24,135 tickets sold 2015-2016 season

1,942 seats within the College performance venues

6 major performing and visual arts venues

PERFORMING ARTS VENUES

WORLD CLASS ATHLETICS

40,000 SEATS AT TDECU (FOOTBALL) STADIUM

8,479 SEATING CAPACITY AT FERTTITA (BASKETBALL) STADIUM

3,500 SEATS AT SCHROEDER (BASEBALL) STADIUM

ROOFTOP BAR AND GRILL OFFICIAL VIEWING LOCATION OF COUGAR SPORTS

STUDENTS ON CAMPUS

7 DORMITORIES ON CAMPUS

Page 8: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

UNIVERSITY OF HOUSTON ATHLETICS

WORLD CLASS ATHLETICSBASKETBALL

2nd ROUND NCAA TOURNAMENT 2018

21-11 OVERALL RECORD 2016-17

22-10 OVERALL RECORD 2015-16

2 STADIUM SELLOUTS IN 2017

$60M FERTITTA CENTER UNDER CONSTRUCTION

FOOTBALL

97% AVERAGE ATTENDANCE IN 2016 (38,953)

84% AVERAGE ATTENDANCE IN 2015 (33,980)

9-4 OVERALL RECORD 2016

13-1 OVERALL RECORD 2015

2 STADIUM SELLOUTS IN 2016

$125M STADIUM COMPLETED IN 2014

BASEBALL

42-21 OVERALL RECORD 2017

36-23 OVERALL RECORD 2016

HOSTED 2017 AND 2015 NCAA REGIONAL

Page 9: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

UNIVERSITY OF HOUSTON COLLEGES OF STUDY

Page 10: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

UNIVERSITY OF HOUSTON HILTON COLLEGE OF HOSPITALITY

From UH.edu -• Many of our faculty members are internationally recognized researchers who are involved in cutting-edge research projects with industry partners.• Students consistently rank Hilton College faculty and classes at the top among the other University of Houston colleges when evaluating

overall teaching effectiveness of instructors, overall quality of courses, the instructors’ availability for individual assistance, and the instructors’ demonstration of respect toward students.

• Our tripartite Master of Science in Global Hospitality Business with partners Ecole hôtelière de Lausanne and the School of Hotel and Tourism Management at The Hong Kong Polytechnic University is ranked No. 2 in the world by Eduniversal Group.

• The Hospitality Industry Archives, the world’s largest repository for the hospitality industry, are located in the Massad Family Library Research Center at Hilton College. The archives offer more than 3,000 linear feet of artifacts, papers, memorabilia and more from iconic hospitality companies.

• The Hilton University of Houston serves as a teaching facility for our lodging students – 70 percent of our hotel team members are students. We are the only hospitality program in the world where students work – and take classes – in an internationally branded, full-service hotel.

• Our state-of-the-art wine lab, the Spec’s Beverage & Food Appreciation Laboratory, is the only facility of its kind between the U.S. coasts. The lab is dedicated to wine education and research, and offers tastings as well as food demonstrations.

• The American Hotel & Lodging Association (AH&LA) Information Office and the Hospitality Financial and Technology Professionals (HFTP) Research Office are housed at Hilton College.

• Hilton College boasts 14 student organizations, including the nation’s largest student chapter of the National Association for Catering and Events (NACE).

Page 11: A one of a kind opportunity at the University of Houston€¦ · Custom Reclaimed Wood Table (5) Stools (60) Metal Bar Top Chairs (20) Outside Tables, Custom Made Purchase (15) Custom

HURRICANE HARVEY SUPPLEMENT

51 inches rainfall over a 3 day period (40,000 year flood)

609.8 million square feet commercial space inundated

149.5 million square feet (25%) inundated outside of flood plain

57.2% of the Houston population experienced damage or lost wages

23.9% of the experienced severe damage or lost wages

73.9% of the millennial population experienced lost wages

31.5% experienced flood damage to their vehicle

39.8% experienced flood damage to their house

60.8% assisted others in recovery efforts to family or friends

33.2% received help from volunteers

22% both received help and volunteered to help others

Hurricane Harvey impacted Houston to an extent never experienced before. Many individuals and businesses experienced catastrophic economic losses. Below, highlights of the storm’s magnitude can be seen.

From a 2017 survey conducted by the Hobby School of Public Affairs at the University of Houston

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11-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose:

ᴑ that the owner will accept a price less than the written asking price;ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; andᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Information About Brokerage Services Texas law requires all real estate license holders to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

.

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0

Date Buyer/Tenant/Seller/Landlord Initials

Sales Agent/Associate’s Name License No. Email Phone

Michael Blount Jr 544966 [email protected] 832-702-8160