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Texas Business For Sale |
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| AUSTIN RESTAURANT FOR SALE |
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| Attn: John W. Austin |
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| Austin, TX, USA |
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| Asking Price: |
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$785,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Owner wishes to pursue other business interests. |
| # of Employees: |
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12FT/13PT |
| Yearly Revenues: |
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$1,199,078 |
| Yearly Cash Flow: |
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$255,448 |
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Business for Sale Overview:
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The restaurant offers both innovative and traditional ethnic dishes to discerning diners in Austin. The restaurant has been operating profitably for more than 20 years, and is still growing: sales have grown by an average of 9.3% over the past five years. Customers keep coming back for the consistent quality and variety at reasonable prices. Local and national restaurant guides have praised the outstanding cuisine, inviting atmosphere, and dedicated service. This is a great opportunity for someone with restaurant experience to acquire one of Austin’s premium value restaurants.
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Property Features and Assets:
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Over 20 years in the same location. 4,239 square feet. $8,479 monthly rent (includes CAM, taxes, & insurance). Located on a major thoroughfare with ample parking. 45 tables with room for 200 diners. All furniture, fixtures and equipment are included in the asking price. |
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Market Competition and Expansion:
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People from all over the area, and beyond, come to this restaurant to have an enjoyable dining experience, often with live music, at a reasonable price. There are only a handful of direct competitors, and each is located many miles away. The Austin Metro Area contains over 1 million inhabitants and is still one of the fast growing parts of the country. The country is culturally and ethnically diverse and becoming more so. This diversity is reflected in the variety of cuisines available in stores and restaurants. Trends show a movement towards trying out new and exotic foods, spices, herbs, and peppers. This restaurant is unique and suitable for opening additional locations, and adding more days and hours of service. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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