2nd Generation Pizza Business for Sale in Austin, TX - Priced to Sell!

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Asking Price:
$150,000

Gross Revenue:
$525,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Second Generation Pizza Business for Sale in North Austin!
Bring your own concept to this Pizza Business for Sale, or change the concept completely. This is a fully built-out and operating pizza place in a fast-growing part of North Austin. It is located near the intersection of two major thoroughfares and near both a major tech campus and also plans for another huge development. It is in a small center with ample parking out front and clear signage from the street.
It is much easier, faster, and less expensive to change a concept than to build a new restaurant from scratch. This space can be anything you can dream up and We Sell Restaurants can help you start the process to reach your dream! This 1,300 square foot pizza business for sale seats approximately 45 people. It has a nice build-out and, crucially, it could easily be changed to a new concept.
Rent is an impressively-low $4,600, with a rental contract that goes to mid-2025. By buying an existing restaurant, you lock in rates that were negotiated years ago, before the rent flew up in recent years. This alone provides substantial savings over virtually any new lease draw up today. In fact, that extra cash flow each month for more than five years would go a long way toward covering the actual upfront cost of this location. By buying this pizza business for sale and taking over the lease, you lock in savings that are nearly impossible to find for a restaurant starting up now.
The fully-equipped pizza business for sale includes a commercial kitchen that features a Marsal double deck pizza ovens, a six burner stove with oven, fryers, a walk-in, freezers, two prep tables, warmers, and much more! Right now, this kitchen serves up easy-to-execute pizza, wings, subs, and salads, but this great space can be adapted to fit any concept you can come up with!
The current occupant is not losing money, they are just not making as much as in some of their other locations, and they want to concentrate on those. The current owners indicated that much (but not all) of the profit at this location is taken up by managers -- money that would be recaptured by an owner-operator who invests their time in this pizza business for sale.
It would cost much more than the sale price of this restaurant to start a new restaurant of any style; yet here is a turn-key location all ready to go. Whether or not you chose to continue with the Pizza business for sale or convert to your own concept, this combination of location, booming community, and low rent show how successful this location could be in the hands of the right operator.

About the Business

Location:
Austin, Texas
Year Established:
2015
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
1,300
Rent:
$4,602.00 Per Month
Lease Expiration:
8/31/2025
Facilities:
Marsal double deck ovens SD660 and SD1060 6 burner range with oven Two 2 door freezers Walk in cooler True Merchandiser 2 fryers 1 pizza prep table 1 sandwich prep table
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Austin is currently full of opportunity It is still growing and major tech companies continue to announce more jobs in the city The cons are that other restaurants are also opening and that rents are rising as a result of the increasing and more affl
Growth & Expansion:
This area is definitely growing In fact it is growing faster than almost anywhere else in the country As this is near a major intersection it will continued to benefit from increased population and traffic This is a great spot to either start a bu
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About the Sale

Reason For Selling:
Other
Training/Support:
2 weeks

Listing Info

ID:
1620142
Ad Detail Views:
0

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Business Listed by

Dave Duce

We Sell Restaurants

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Hays, Travis and Williamson Counties, TX
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Ethnicity

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

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U.S. Community Survey Data for Hays, Travis and Williamson Counties, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

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