Free Standing Restaurant for sale in Central Austin - Amazing Location

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Asking Price:
$250,000

Gross Revenue:
$900,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Amazing stand-alone Restaurant for sale in Central Austin! Fully equipped 3000 square foot kitchen and gorgeous front of house is ready for new operation. Bring Your Offers today!
This restaurant for sale occupies an entire stand-alone building, with a parking lot, on one of those marquee highly-trafficked roads that everyone in Austin knows. If you are thinking of opening your own restaurant in Austin, this would be an amazing place to do it! Transform this restaurant for sale with your own concept and, crucially, save time and keep the money you would have spent on a full build-out to use as operating income until you reach profitability.
This 3,000 square foot restaurant for sale has an amazing interior with large, vaulted ceilings. The fully-equipped professional kitchen has a significant 14-foot hood and a 1,000-gallon grease trap. It can service virtually any cuisine. Save yourself the considerable headaches of building out a new location and instead take over this one offered by We Sell Restaurants. This business already has all its permits and a liquor license. Austin has a notoriously terrible permitting process; transforming this already-functioning location mean you mostly avoid this process. Change the concept and in short order you could be open in this premier, highly visible location.
Austin is a city of foodies and a rich town, culturally as well as monetarily. And it is growing daily. An unbelievable 157 people move into the Austin area EVERY DAY. The metro area now has 1.2 million people, with 2 million people including the surrounding towns. These people have money and want to spend it. Austin essentially did not have a recession, and now we have an added influx of creative and techie millennials who have disposable income and crave culinary experiences.
The restaurant for sale currently serves high-end Mexican cuisine. The current owners also own the property, so they will stay on as the landlords. This is a benefit, as the landlords will be former owners themselves and not a large corporation.
This is a desirable location directly on a major, well-known, landmark street. It is fully built-out, fully permitted, and even has its own parking lot. It is in an amazing neighborhood, with expensive houses and lots of disposable income. Thousands of people live right there. And you can't get much more high traffic unless you hit the highway!

About the Business

Location:
Austin, Texas
Year Established:
2010
Number of Employees:
15
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$16,500.00 Per Month
Facilities:
25 ton A C 1000 gallon grease trap 2ft x 14fy Vent hood 2 beer coolers 2 drink wells Walk in cooler 8X10X10 2 small freezers 2 sandwich tables 8 burner stove with oven 1 cheese melter 1 fryer 36 grill 36 wood grill 1 one door commercial fridge 2 stainless steel prep tables 2 2 5 x2 5 stainless steel tables
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Hi traffic area with many business homes and apartment complexes nearby
Growth & Expansion:
Perfect place to start a concept with expansion in the future
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About the Sale

Reason For Selling:
Relocation
Training/Support:
1 week

Listing Info

ID:
1556314
Ad Detail Views:
182

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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
Age

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Ethnicity

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Hays, Travis and Williamson Counties, TX
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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