Business Overview:
This is your opportunity to own a restaurant-bar in world famous entertainment location of downtown Austin. Superb downtown Austin location. Fast growing operation with 1st year 0 to 1 million in sales. Impressive decoration/architectural items inside and outside the building. Upscale setting with 170 seats, 5,000 square feet. Parking; building VIP lot, parking garage, street parking, and arrangement with other businesses for evening/night parking. Trained staff. Large selection of liquor, wine, and beer. Remodeled building and all fixtures & equipment are in excellent condition. Active buyer can continue the operation as it is and keep the business growing and double the sales within 1-2 years. Must see to appreciate the $525,000 asking price, the location, and understand the lease amount. Potential buyers need to submit financial statement for additional information.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Premises were remodeled and in excellent condition. The owner incorporated large art items into the architecture of the building, which makes it stand out. This is a free standing building of 5,000 square feet divided into several dining areas, 1 large bar, 2 semi-private rooms, 1 office, a large spacious kitchen, and a small parking lot (perfect for VIP customers) There is a parking Garage across the street, street parking, and arrangement with other business for evening/night parking. All equipments are in good working condition. This is the premier downtown location.
Market Competition and Expansion:
Downtown Austin has other restaurants, but this restaurant stands out with its location, parking availability, menu, bar and inside decorations. This area had numerous restaurants for many years because thousands of well-paid stable employees work in the area. The business is continuously growing. Just keep it as it is and with continued advertising and promotions, it has the potential to double or triple sales with in 1-2 years.
Reason for Selling:
Too much to handle
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: