Restaurant for Sale with Bar just south of Austin - Minutes from Unive

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Asking Price:
$175,000

Gross Revenue:
$450,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Huge Bar and Restaurant for Sale on Town Square in Community South of Austin! Just Minutes from the University
This massive restaurant for sale that has, as they say, location, location, location. It is directly off the town square, in a great tourist town, and only a few blocks from a university with nearly 40,000 students.
Brought to you by We Sell Restaurants, this bar and restaurant for sale is huge! This 7,000 sq ft location has space upon space inside it: room for darts, a stage (live music, comedy, karaoke), and of course a whole row of pool tables.
This is, in a sense, the quintessential bar and restaurant for sale - with lots of atmosphere, lit partially by the neon beer signs. The bar itself is substantial and includes a fine row of beers on tap. There are 115 seats inside and another 35 outside. Friends can meet up here and know there will be room. Because of the highly visible location, the clientele includes locals, students, and tourists alike. Rent, including CAMS, is $11,679 a month, with a lease through 2025.
The full commercial kitchen can and has served a full variety of pub-type food, from wings to sliders to pizza. It would be fully capable of supporting nearly any kind of cuisine.
This listing is being sold as a second generation space. This bar and restaurant for sale have been open for 15 years. The current owners bought in 2016 and are ready to move on. If you are looking for a space like this one, second generation spaces are valuable: they save both time and money over a new build-out. Avoid the permitting issues that come along with building a new commercial kitchen and instead take over a space that has already been through the whole process and has its Certificate of Occupancy.
There are only so many locations that are this size that are right off the town square. The earnings potential and opportunities for marketing at this bar and restaurant for sale are proven and significant.

About the Business

Location:
San Marcos, Texas
Year Established:
2004
Number of Employees:
12
Real Estate:
Leased
Building Sq. Ft.:
7,000
Rent:
$11,690.00 Per Month
Lease Expiration:
6/30/2025
Facilities:
2 32 inch x 28 inch x 20 inch deep freezers 1 32 inch x 36 inch x 20 inch deep freezer 2 4 ft x 2 and a half ft stainless steel table 1 6 ft x 2 and a half ft stainless steel table 1 5 and a half ft x 3 ft stainless steel table on wheels 1 4 ft x 2 and a half ft stainless steel table 2 full size refrigerators with top freezer 1 2 ft flat top gas grill 1 American range 6 burner gas stove top with large oven 2 dual basket Pitco deep fryers 1 Winco food cooler warmer 1 4 ft True Refrigerator reach in cooler with built in cutting board prep table 3 6 ft steel food storage racks 1 3 compartment sink 3 push cart food dish racks 1 8 ft x7 ft walk in cooler for 10 kegs on tap and cold storage 4 pool tables 1 stage with full pa sound system amp rack monitors sound board and lighting rig with DMX controller
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
This is a fast-growing market without even factoring in the large and ever-expanding university that is close by Other venues could open to draw business but this location will be difficult to beat
Growth & Expansion:
This location has the sheer square footage to increase revenue without increasing overhead leaving the business plenty of room to grow This space would also be a great location for a new outpost for a proven restaurant bar that is looking to expand
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About the Sale

Reason For Selling:
New Career
Training/Support:
1 week

Listing Info

ID:
1648162
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


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