West Austin Restaurant for Sale. Excellent area!

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Asking Price:
$105,000

Gross Revenue:
$164,912
Cash Flow:
$56,238
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Price Drop!
West Austin
Restaurant for Sale in an Excellent area with limitless potential! Keep the concept or change it - the choice is yours to make! Don't start from the ground up when you can hit the ground running!
This delightful restaurant and small market is for sale in a very high-income area of Austin! Keep the concept or change it! This restaurant for sale provides a fast and easy way to open a restaurant in a fantastic part of town.
Right now, this is a charming restaurant serving food from the home country of the owner. He is ready to retire, however, and that puts this lovely space on the market. This past year, he made over $55,000 in Seller's Discretionary Income. We Sell Restaurants knows a thing or two about good businesses - and this is definitely one of them!
It is a great space in West Austin, in a center located directly off the main thoroughfare through the area. The front area has goods for sale in a small market, while the counter at the back serves food from the kitchen. There is no hood or grease trap, as it is not needed for the kind of food served.
This space is 750 square feet, and the rent is a commensurately low $1,985 per month, including CAMS. The lease is up in mid-2021.
Fast cosmetic changes could transform the existing build-out of this restaurant-for-sale. Open in this great location, with amazingly low rent, without having to build it from scratch or go through the laborious permitting process.
Austin is growing faster than any other city of comparable size in the United States, which means a ton of new permitting to take care of. Consequently, the permitting process is well-known for being difficult and long. Escape all that when you purchase this open and operating restaurant for sale. This location, for example, has passed all inspections and received a Certificate of Occupancy.
If you are planning to open a restaurant in or around Austin, here is the perfect way to do it! Escape both the massive expense of a build-out and the many months and money required to do so. Cosmetic issues are the last part of a build-out and are much more inexpensive than anything else. This restaurant for sale is the perfect opportunity to avoid the hassles and headaches of starting from scratch!
This space offers a great way to get a foot-hold in the Austin market without spending phenomenal amounts of time and money doing it!

About the Business

Location:
Austin, Texas
Year Established:
2015
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
734
Rent:
$1,981.80 Per Month
Lease Expiration:
6/30/2021
Facilities:
deli cutter mini fridge beverages fridge Deli case Icemaker electric stove refrigerator freezer
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
As with nearly any restaurant there are a large number of substitutes That said we still open them Competition is there but this is also a fast-growing area and this space is right off the main road that everyone takes
Growth & Expansion:
This is a perfect space for a home business to grow into as a lifestyle business or as the jumping-off point for something with larger ambitions It can cost millions to open a restaurant Here is a fast and easy way to do it for so much less
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About the Sale

Reason For Selling:
Retirement
Training/Support:
1 week

Listing Info

ID:
1603104
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
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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