Marquee Restaurant And Bar For Sale
Austin, TX Williamson County
Seller's Contact Information
- RE: Marquee Restaurant And Bar For Sale
- Contact: Dave Duce
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $592,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2021 | |
| Employees: | 10 | |
| BBN Listing #: | 68508096 | |
| Broker Reference #: | 9505 |
Business Overview:
Acquire your Flagship Location with this High Visibility Marquee Restaurant and Bar for Sale! This is a rare listing, with a prestigious address, stunning decor, outdoor patio, and parking. Fully Permitted - has the Certificate of Occupancy, with a grease trap and 18' hood in the fully equipped commercial kitchen. This 3000 sq ft, well-appointed Marquee Restaurant and Bar for Sale has an impeccable build-out. It is in the middle of Austin, located in an architect-designed building on a main Austin street, in a fantastic spot not far from the river. And there is plenty of easy and free parking! This Marquee Restaurant and Bar for Sale has a gorgeous, substantial space that seats a full 95 patrons inside and another 60 outside on the nearly 1,000 square foot patio (that comes complete with outdoor lights). This location has a full commercial kitchen appropriate to a restaurant of this caliber, including a walk-in freezer and an 18' hood. Contact the Restaurant Brokers at We Sell Restaurants for a complete equipment list on this great opportunity! In the past few years, hundreds of thousands of dollars in upgrades have gone into both the front of house and back of house (including a $40,000 sound system). Any necessary or desired upgrades you could think of have already been completed at this Marquee Restaurant and Bar for Sale, including costly electrical and plumbing upgrades, new flooring (including an epoxy in the kitchen), and other significant upgrades all over the restaurant. The Marquee Restaurant and Bar for Sale has excellent rent of $9,687.50 per month (with percentage rent at 4% over natural breakpoint of nearly $3 million in gross sales); NNN is $2,157.50 per month. About 7 years of the term remain, plus there is one 5-year renewal option. This location has a current Certificate of Occupancy and a Full Liquor License. Starting a business from scratch, with a build-out like this one, and a full liquor license, would take a long time and cost many multiples of the asking price of this Marquee Restaurant and Bar for Sale. This is a rare opportunity to open a significant location much more quickly, and for much less money, than would normally be possible. If you or your restaurant group has been searching for the right landmark location, this Marquee Restaurant and Bar for Sale is the perfect opportunity! By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
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Property Features and Assets:
BAR DISPENSER FROZEN DRINK BAR SODA GUN 10 BUTTON BEER COOLER BEER DRAFT SYSTEM BEVERAGE ICE and WATER DISPENSER COLD FREEZER REACH IN COLD PREP BOX 3 SECTION COLD REFRIGERATOR CABINET BACK BAR COLD WALKIN COLD WORKTOP 72in COLD WORKTOP FREEZER DISH WATER HEATER HOT CONVECTION OVEN HOT FRYER HOT GRIDDLE 48in HOT RANGE 8 BURNER HOT STEAM TABLE 72in 5 SECTION HOT TOASTER CONVEYOR 18 FOOT VENT HOOD BAR BACKBAR with COUNTERTOP SOUND SYSTEM AUDIO VISUAL SIGN EXTERIOR SOUND SYSTEM SIGN POLE
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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