High Profit Fast Casual Restaurant for Sale in Downtown Austin!

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Home Run for new owner!
Asking Price:
$499,999

Gross Revenue:
$825,421
Cash Flow:
$184,506
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

High Profit Fast Casual Restaurant for sale in Downtown Austin! This gem earns high six figures on the books for an owner operator. Bring your offers today!
This fast casual restaurant for sale generates income to an owner of $185,000 a year on sales of more than $800,000. Also operates great hours, and is right in the heart of downtown Austin. This established business offers a great income and the chance to own a piece of the Austin dream.
It is unusual to find a profitable business of this caliber in such a desirable downtown location, and yet We Sell Restaurants has it! You get 35 seats inside and 50 outside on the patio. In fact, this lovely, large patio serves as fantastic advertising! This fast casual restaurant for sale has been operating under the same ownership for many years, and they are now ready to retire. This brings a fantastic opportunity to market for the first time.
This fast casual restaurant for sale specializes in a specific kind of dish, a dish both terrifically delicious and high margin! Cost of Goods Sold, at under 20%, is enviously low. This establishment is known and renowned for this specialty, which constitutes much of sales. The restaurant rounds out the menu and brings in additional revenue with the sale of beer and wine.
Due to the menu and location, this fast casual restaurant for sale takes in significant revenue during the annual SXSW festival, when people from around the world converge on downtown Austin. On a regular basis, it serves not only the many thousands who work downtown, but also the never-ending stream of tourists to our fair city.
This establishment has 10 full-time employees and 4 part-time employees. This fast casual restaurant for sale closes early on most weekdays, making it less difficult for an owner / manager than many others on the market. Or, making it potentially more profitable if a new owner changed the hours and chose to remain open longer. Rent, including CAMS, comes to about $5,000 per month, variable with the gross revenue.
The owner is looking for the right person to take over this space and continue the tradition that has been built here.

About the Business

Location:
Austin, Texas
Year Established:
2009
Number of Employees:
14
Real Estate:
Leased
Building Sq. Ft.:
875
Rent:
$4,996.25 Per Month
Lease Expiration:
12/31/2020
Facilities:
3 double cooking crepe burners 1 espresso machine new 3 drip coffee machines 1 coffee espresso bean grinder 1 ice machine new 1 upright freezer 1 upright refrigerator 1 single door under counter refrigerator 2 double door under counter refrigerators 1 3door pizza prep table 1 food warmer 1 small ice cream freezer 1 prep table 2 convection ovens 1 meat slicer Miscellaneous kitchen items coffee urns utensils etc 60 Charis 28 Tables 1 Drink Merchandiser in place
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
This is a fantastic space with a big patio in a highly visible part of downtown Austin There is of course a lot of restaurant competition but there is also a huge populace to serve
Growth & Expansion:
The menu at this location has been honed over the course of a decade and the Cost of Goods Sold is enviously low making this potentially a good first store to expand from
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks

Listing Info

ID:
1658254
Ad Detail Views:
664

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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


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