Impressive 2nd Generation Space for sale in West AUSTIN!

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Asking Price:
$99,000

Gross Revenue:
$1,400,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Impressive Second Generation Restaurant for sale West of Austin near Hill Country Galleria. HUGE OUTDOOR PATIO!
This is a “wow” restaurant. It is large and well-located, and it pulled in $1,300,000 in 2018.
This is a huge, landmark location! This restaurant for sale is located directly on the main artery and is not far from the major highway through the area. It is located near the Hill Country Galleria, meaning the area is affluent and the location draws patrons from all over the region.
After many years in the business, the owners are retiring. They have decided to sell their space, but not their actual concept. This provides a huge opportunity for a new restaurant for sale to open for pennies on the dollar when compared to a build-out from scratch. We Sell Restaurants will be there every step of the way as you acquire your newly acquired restaurant for sale.
This spacious location has 4,000 square feet inside and another 1,000 square feet on the patio. Plus, the patio is shaded for a truly impressive old tree, making the space more usable than if it were in full sun all the time.
This restaurant has ample main seating areas. It also has a number of private rooms, spaces that easily accommodate rehearsal dinners, business meetings, and birthday and anniversary celebrations.
The back-of-house is great here, too. This restaurant comes with a gorgeous full commercial kitchen. It is capable of supporting a restaurant of this size and catering as well. The build-out is only two years old, and all the equipment was new at that time. This kitchen was a sizable investment, and it can be yours at massive savings over the original cost.
In fact, opening a restaurant of this size usually entails spending upwards of a year and $1 million dollars doing the build-out. By converting this space, you save a lot of time and a lot of money. Instead of spending so much money on the build-out, keep it, save it for cash flow, or spend some of it on marketing. Having extra for cash flow in the early months can be critical to the long-term success of a restaurant, so saving money up front is so important.
This restaurant is in a rapidly developing area near a major destination mall West of Austin. It is 4,000 square feet, the build-out is only two years old, and it brings in significant sales as it is. As a 2nd Generation space, this restaurant offers a fantastic opportunity to the right buyer. The owners are ready to retire and hand the space off to the next restaurateurs.

About the Business

Location:
Austin, Texas
Year Established:
2002
Number of Employees:
32
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$20,000.00 Per Month
Lease Expiration:
5/1/2025
Facilities:
Bar Back Cooler 3 compartment bar sink 2 ice bins Stainless refrigeration Salad Sandwich Prep Table 3 door continental Stainless refrigeration salad 1 door continental Rolling 4 shelf Can storage rack with cutting board top 3 drawer warming drawer Blodgett pizza oven 2 door Convection Oven 2 four drawer under cooktop refrigeration units True 8 gas burner cook top 4 gas burner cook top Custom wood smoking grill 2 40lb propane fryers 5 20 pan aluminum medium duty bun pan rack 1 freezer 2 refrigeration units 18 dry racks 3 double door locked cages Centauer panini press Fleetwood meat slices 10L Bow capacity table top mixer Robot Coup Vitamix POS System 12 stainless steel prepping tables assorted sizes 16 dry storage racks shelving 24 dish glass wine washing racks Commercial can opener
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
There are certainly other restaurants in the area as competition but there is also an ample enough audience to support them Also the area continues to grow rapidly and the mall nearby is a major regional draw This is a visible location on a major ro
Growth & Expansion:
This is a great location either for a new restaurant of for an expansion or a franchise It is a significant size so having a major local or national name as an additional draw would be a pro
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Negotiable

Listing Info

ID:
1621628
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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