Asking Price: $190,000 Gross Revenue: $1,574,040Cash Flow: $141,664 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 included in asking priceFF&E: $190,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
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.
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
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