Asian Fusion Restaurant For Sale in Austin Texas with High Earnings

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Asking Price:
$310,000

Gross Revenue:
$347,916
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Price drop!! Asian Fusion Restaurant For Sale in Austin Texas features strong earnings and outstanding location in market known for great food and service.
Earnings are outstanding at this Asian Fusion restaurant for sale. Owner benefits over $15,000 Per Month! Since opening in the summer 2018, this Asian Fusion restaurant has quickly become renowned. Locals and foodies alike have been coming -- and returning. Sales have been growing fast month over month. The reviews for much of their menu are stellar, and they also feature a particular and unique signature item that has become a must-taste food in the Austin world.
In fact, We Sell Restaurants is offering this opportunity so quickly after opening precisely because it is so unexpectedly busy! The owner is a medical professional with a full-time job and never expected the restaurant for sale to do this well this quickly.
Top-line sales were over $350,000 in the first six months of operation, and they are on a definite upward swing. Costs have been well controlled, creating significant Owner Benefit. The last couple of months, the owner estimates they have brought home $15,000 to $17,000 in profit! (Financials are available for qualified buyers.)
The location is in a well-to-do and heavily populated area of town. It has a no-frills aesthetic and has ample seating for 50 inside. Rent is phenomenally low for this area of town; it is one of the lowest leases we have seen in Austin in some time, in fact.
This Asian Fusion restaurant has 6 full-time and 3 part-time employees, all trained and on the job. This restaurant keeps labor costs low because of the decision to have customers order at a counter. This genius move eliminates the need for a regular fleet of servers. Customers come for the food and are more than pleased with the overall experience, and they realize that the lack of servers helps to keep the prices affordable. More and more restaurants are opening in this model, precisely because of these factors.
This restaurant has everything going for it and is on track to make some serious money. All recipes would transfer. This location needs an owner who can give it to TLC it needs to continue on its upward path. Starting a restaurant takes an incredible amount of money and time, and statistically, most of them fail. And to start them, you have to wait for months to negotiate a lease, get a permit, do a new (and expensive) build-out, get a Certificate of Occupancy, and hire and train a staff.
This restaurant provides an amazing -- and rare -- opportunity a to get in on the ground floor of a restaurant that is completely turn-key and already very profitable!

About the Business

Location:
Austin, Texas
Year Established:
2018
Number of Employees:
9
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$2,124.00 Per Month
Lease Expiration:
11/1/2020
Facilities:
1 walk in freezer 1 walk in cooler 1 additional commercial cooler 2 prepped food stations 1 drink fridge 1 Holbart grinder 2 additional 25CU freezers Ice machine Dishwasher Dumpling machines 5 stoves hooded Multi level steamer Deep fryers
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
This part of Austin has a high household income and supports many many restaurants at both this and higher price points Austin keeps growing quickly meaning there are no significant cons in the current marketplace
Growth & Expansion:
This is a non-franchised single-location restaurant It can provide a very comfortable living for an owner operator There are no current plans to expand but considering the rapid rise in sales and the desirable signature dish expansion would not b
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About the Sale

Reason For Selling:
Personal
Training/Support:
1 week

Listing Info

ID:
1600993
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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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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