High Volume Mexican Restaurant & Bar in Downtown Austin!

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Asking Price:
$1,850,000

Gross Revenue:
$2,100,000
Cash Flow:
 Not Disclosed
EBITDA:
$543,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Amazing opportunity to purchase a rapidly growing restaurant and bar in downtown Austin, Texas. This is an outstanding location with a restaurant and bar with sales that topped $2 million last year and huge growth expected. Major venue during SXSW that rakes in big $$$ for venue rental during this time. Huge growth projected to continue as downtown Austin continues to thrive!

About the Business

Location:
Austin, Missouri
Year Established:
2012
Number of Employees:
45
Real Estate:
Leased
Building Sq. Ft.:
4,626
Rent:
$10,750.00 Per Month
Lease Expiration:
8/21/2026
Facilities:
Amazing compound with many inside and outside dining areas. 100+ year old building is one of Austin's oldest restaurant venues!
Market Outlook/
Competition:
This area is busy and getting even busier. Amazing location in Downtown Austin.
Growth & Expansion:
New rooftop bar just added.
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About the Sale

Reason For Selling:
Other Interests
Training/Support:
Owner is interested in ensuring a smooth transition. To do so, Buyer will be provided 30 days of training.
Seller Financing:
Base Lease is $10,750/mo

Listing Info

ID:
1601032
Ad Detail Views:
0

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Business Listed by

Van Rinn

Restaurant Realty Group

 Show Phone Number

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