Well Established 50-plus year-old Cafe for Sale

Austin, TX
Travis County


Asking Price: Annual Revenue:
$89,000 $740,000

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Well Established 50-plus year-old Cafe for Sale Broker: Dave Duce

Quick Facts

Asking Price: $89,000
Annual Revenue: $740,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1966
Employees: 4
BBN Listing #: 8068096
Broker Reference #: 8060

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Known for its Austin vibe and 24-hour service, this authentically Austin independent restaurant has been keeping it weird for more than 50 years! This gem of a restaurant, in a highly accessible location, has a fantastic lease and a track record that is nearly impossible to duplicate. With the same name or changed to your own concept, this Cafe for Sale is an amazing and rare opportunity.

This Cafe for Sale has so many unique qualities that it is almost too hard to describe without breaking confidentiality! Suffice it to say, Austinites know this location. It has been an interesting, ingrained part of the scene for generations of residents. It does a fine daytime business, but the real action in this 24-hour restaurant is late, after the bars have closed, when a mix of insomniacs, students prepping for tests, and don't-stop-the-partiers all enjoy the friendly diner atmosphere.

This Cafe for Sale is 2,000 square feet, with seating for 50 inside and 10 outside. It has a full commercial kitchen, a hood and a grease trap, and an up-to-date Certificate of Occupancy. The Restaurant Brokers at We Sell Restaurants are happy to answer all your questions about this location!

Because of the current state of the world, the current owners cut the hours back to 8am - 5pm, which of course significantly affected 2020 revenue. The owners have other businesses, however, and want to focus on getting them healthy. This is the only reason that this amazing Cafe for Sale is available at this price.

This opportunity to purchase this Cafe for Sale presents a once-in-102 years opportunity to snap up this location, either to keep it as it is or to open a new restaurant in the space. The excellent lease is currently an unbeatable $2,781 per month, plus property taxes of $770 per month. Even better, the lease still has 12 more years on it. Locking in a low rate for that long is a big lift in Austin these days, and yet here it is, on the market right now. If you ask a leasing agent to find you a 2,000 square foot restaurant space in a central location for $3,551 rent, it would most likely be impossible.

This Cafe for Sale will not last, as opportunities like this in Central Austin are rare. Take advantage of this rare moment!

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:

Booths tables counter stools POS System Glass Door Cooler 2 Prep Cooler Fryer Grill Vent Hood with fire suppression system Walk In Cooler Walk In Freezer Office Computer Steam Table Coffee Machine Ice Tea Machine

Market Competition and Expansion:

This location is so accessible that its market is wide open. There has been a restaurant operating profitably from this location for decades, making this a proven winner in the market. There are no opportunities for growth in this location. However, it would be a great place to become successful for less up-front investment than opening an new restaurant from scratch. Also, this would be an excellent expansion location.

Reason for Selling:

Other

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!