Stand-Alone Restaurant for Sale in Austin Texas is 2nd Generation Spac

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Asking Price:
$225,000

Gross Revenue:
$1,300,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Stand-Alone Restaurant for Sale available in Austin Texas. This one is a must-see, keep the same or change the concept! Especially stylish, high-end build out.
This gorgeous Stand-Alone Restaurant for Sale is modern and spacious, with a stylish and expensive build-out. It is truly a must-see space. And at only 4 years old, it still feels fresh! Add to that the great location on a major thoroughfare, and you have the makings of a new Austin classic.
This restaurant for sale has great signage on a major road in North Austin provided by We Sell Restaurants. It is also only a mile off the Interstate highway and very close to a massive destination location. In other words, any concept in this space will become known simply due to the massive number of cars that will see it, and its clean road-side signage, on a daily basis.
This restaurant for sale is big! The substantial 6,000 square foot space seats 125 guests comfortably. It is, as mentioned, especially stylish, with an amazing array of high-end touches, from the high, tiered ceilings to the gorgeous concrete floor. Clean wood accents ground the space throughout, and yet it has every so much more to recommend it. The layered lighting! The massive bar! The accent walls! The dedicated wine area! The amazing doors! This designer restaurant for sale space has gorgeous touches everywhere.
The building itself has ample parking, and the front of the restaurant for sale has a two-story, sophisticated facade. Once entering, the check-in area is stunning. (This is just about the farthest you can get from that ubiquitous hostess podium stuck up by the front door of other spaces). To top it off, this restaurant for sale serves an affluent community in what is literally one of the consistently fastest-growing areas of the country. And there is space for a band. Because Austin!
A new business - could quickly be opened in this space. Cosmetic changes could transform the space, or some or all of the current decor could be kept intact. The back-of-the house is ready to support nearly any kind of cuisine. The full commercial kitchen includes the equipment (see the equipment list for more details), a hood, and a grease trap.
Rent, including CAMS, is $11,000 a month. The current lease runs through September 2023, plus a 5 year option. The current restaurant for sale has a liquor permit, making it easier and more likely to get another one at the same location.

About the Business

Location:
Austin, Texas
Year Established:
2015
Number of Employees:
27
Real Estate:
Leased
Building Sq. Ft.:
6,000
Rent:
$10,980.00 Per Month
Lease Expiration:
9/30/2028
Facilities:
PARTY ROOM 2 Tables 4x8 2 Large Fu Dog Sculptures 1 Table 30 inch x 8 ft 16 Chairs Vizio TV on wall Decorative Items LOBBY 3 Small Square Tables 8 ft Bench Heater Fan Electronic Equipment and POS multiple tablets Decorative Items MAIN FLOOR and BAR 6 High Chairs Bar Fountain Gun Coca Cola 3 Slings Red Bull Cooler Electronic Equipment plus POS 2 Tables 8ft x 30in 46 Tables 2ft x 30in 61 Chairs 12 Bar Stools Turbo Air Keg Cooler Turbo Air 3 Door Cooler Turbo Air 2 Door Cooler Taiji Sake Warmer Bar Maid Glass Polisher Hand Sink in Bar 3 Compartment Sink in Bar Jockey Box in Bar Drain Box in Bar Glasses and general supplies 2 x 65in Vizio TVs Electronic Equipment plus POS Systems SERVER AREA Old Aldelo POS System 1 Door Coke Cooler Coca Cola Cold Drinks Cooler Sliding Coke Cooler Coca Cola All Electronic Equipment and Loose Items 1 Door Small Coke Cooler Coca Cola 4 Black Buddha Statues Fountain Soda Machine Coca Cola Community Tea Machine Community Coffee Coffee Machine Community Coffee 2 Uverse Cable Boxes Dry Storage Room Top Stainless Shelf Shelving System All Loose Inventory Stainless Table KITCHEN 3 Stainless Wire Shelves Dishwashing Table Station Fountain Soda Syrup Shelf Coca Cola Black Shelf Hood above dishwasher Ice Machine Mission Restaurant Supply Dry Erase Board Hood system above cooking line Dishwasher Pureforce Top Stainless Shelf above packing area 3 Compartment Sink First Aid Kit Alsco 4 Bay Steam Table Walk In Cooler 2 Laundry Baskets Alsco Hobart Meat Slicer with Table Walk in Freezer Stainless Shelf above Steam Table Shelving for Walk-Ins Microwave with Wood Table Black Wire Shelving by Dishwasher 2 5ft Stainless Prep Tables 1 6ft Equipment Stand 4 Rice Warmers 4ft Prep Table Expo 4ft Prep Table with Double Shelf Kitchen Side Expo 2 Kitchen Prep Sandwich Coolers with Double Shelving 1 Kitchen Prep Sandwich Cooler Salad Shelf above Sandwich Cooler Salad GE Whit
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
There is competition in the food space all over Austin but that said this is in a highly-trafficked and growing area The restaurant originally in this space was profitable proving this point
Growth & Expansion:
This would serve well as either a primary location or an expansion location for a high-end brand This space is stand-alone and would be be ideal for its own expansion but would be perfect for a central Austin restaurant looking to expand their presence
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About the Sale

Reason For Selling:
Relocation
Training/Support:
1 week

Listing Info

ID:
1650697
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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