South Congress Bar and Restaurant For Sale

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Estimated Free Cash Flow of $141,663K - Let's Get Your Restaurant on South Congr
Asking Price:
$190,000

Gross Revenue:
$1,574,040
Cash Flow:
$141,664
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$190,000
included in asking price

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Business Description

This concept was created around the owner(s) French and Spanish heritage as well as their love for fine wine and food. This elegant restaurant offers a vast wine selection and an authentic tapas menu.

This Wine Bar is equipped to run as a full-service restaurant and bar and can support virtually any new concept. It is located in the SOCO district, which is not only iconic but also known for heavy tourism. The restaurant offers a unique wine selection and food menu consisting of tapas, salads, meats and fish.

This is an FF&E sale only with a lease assumption or the landlord is willing to create a new lease. No real estate is being sold.

IMPORTANT NOTE: The listed financials are a proforma and are based on weighted averages of previously reported sales on the business. Prolific Commercial Realty does not warrant nor claim this is what the restaurant can do, as there are no guarantees in the success of the restaurant.

About the Business

Year Established:
2017
Real Estate:
Leased
Building Sq. Ft.:
2,956
Lease Rate/Sq. Ft./Mo.:
$48.00
Lease Expiration:
1/31/2021
Market Outlook/
Competition:
The Austin market is saturated with bars and restaurants, but a new concept here can do well as it is located in the SOCO district. There is a ton of foot traffic here and offers many possibilities when it comes to hosting events at the restaurant.
Growth & Expansion:
The Austin market is looking for a nice place to hang out, that is more on the hip side of things as that is what Austin has become. So, there is a ton of growth as a new concept can take this place to the next level.
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About the Sale

Reason For Selling:
Owner has other business obligations.

Listing Info

ID:
1560688
Ad Detail Views:
339

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U.S. Census Data for Hays, Travis and Williamson Counties, TX
Age

Gender

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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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
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