Historic 70 year-old Cafe for Sale

Austin, TX
Travis County


Asking Price: Annual Revenue:
$290,000 $995,485

Food & Beverage: Coffee, Cafe, Dessert


Request More Information
Contact the Seller

RE: Historic 70 year-old Cafe for Sale Broker: Dave Duce

Quick Facts

Asking Price: $290,000
Annual Revenue: $995,485
Net Profit: Not Disclosed
Cash Flow: $180,132
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1947
Employees: 12
BBN Listing #: 47188096
Broker Reference #: 6831

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Bring your offers on this cafe for sale. Truly historic listing! This restaurant, serving the epitome of home-cooked comfort food, has been a landmark in the community for going on 70 years. It is hard to be more stable than that! Grossing just shy of a million dollars in 2018, this will qualify for an SBA loan with the amazingly small amount of only $43,500 down!

This well-run cafe for sale has a long-time manager and in 2018 generated $122,000 in Seller's Discretionary Earnings (SDE) to the current absentee owner. An owner / operator (which is how the market-setting SBA values restaurants) would have SDE of a very comfortable $180,000. Own and run this restaurant and you now operate a landmark location and can support a family in the upper-middle class.

This cafe for sale offered by We Sell Restaurants is highly visible. It is hard to overstate how visible it is, located right off the major thoroughfare through the area and passed by thousands of cars daily. It is a landmark in the community and has been a meeting place for good food and camaraderie literally for generations. It has served farmers to Presidents!

Customers would not come back time and again, though, were it not for the food. This is homestyle, Southern cooking at it best at this cafe for sale. Every dish is cooked from scratch using fresh, real ingredients, and it shows in every bite. The town itself is being swallowed by Austin, and the development here is literally some of the fastest in the nation. As the community grows, so too does the revenue.

This cafe for sale can be bought by either an absentee owner or as an owner / operator. This is one of the rare restaurants that already has an absentee owner (the current owner puts in maybe 2 hours a week). A great, well-paid manager ($54,000 plus $4,000 in payroll taxes) is in place and has no intention of leaving. This means that a similarly absentee owner would garner Seller’s Discretionary Earnings of $122,000.

Second, this cafe for sale, with the right buyer, would most likely qualify for SBA lending. The SBA does loans for owner / operators, meaning you would take the place of the current manager and thereby reap that additional $58,000 in pre-tax income, for SDE of $180,000.

For qualified buyers with experience, the current owner might be able to offer some owner financing. If the SBA covered 75%, a standard amount, and the current owner covered 10%, this historic restaurant could be bought for only 15% down, or $43,500. Meaning for less than $50,000 cash, you could be the owner / operator of a landmark, high-cash-flow cafe for sale.

This cafe for sale is a premier listing. The food is great, the restaurant is historic, the cash flow is fantastic, and the community is growing tremendously. This is your chance -- the next one might not come around for 70 years!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Walk in cooler walk in freezer convection oven 2 six top stoves with ovens 15 quart Hobart mixer 2 fryers 36 inch char grill 48 inch gas flat top 36 inch electric flat top 60 inch warmer 24 inch brad warmer two 3 compartment steam tables two 48 inch Sandwich prep 24 inch prep station small freezer 5 compartment serving station Aloha POS with 3 terminals 12 foot hood 48 in chef base 60 in bar back fridge 48 in reach in 36 in dessert case

Market Competition and Expansion:

As this place has been in business for over 70 years, and both the town and the revenue are growing, it is hard to think of a market con. This place is a landmark and, basically, is the competition.

Reason for Selling:

Relocation

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!