Seller's Contact Information
- RE: Neighborhood Bar In Austin TX
- Contact: Sunil Z. Verma
- License #: 616099
Quick Facts
| Asking Price: | $349,000 | |
| Annual Revenue: | $800,000 | |
| Net Profit: | $90,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $94,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2023 | |
| Employees: | 10 | |
| BBN Listing #: | 773844926 | |
| Broker Reference #: | 23023 |
Business Overview:
Existing restaurant transitioned into a neighborhood bar in 2023 to focus on high margin items and to cut overheads and COGS. Off to a good start and expected to break even by the end of February.
With over $100k in improvements and $100k in FFE, the business if for sale at the cost of putting together a similar business. Additionally, the new owner doesn't have to spend time and money in permits, zoning etc.
Seller will help the new owner transition until the Buyer gets his permits in place.
Reasonable rent with options for the next 20 years.
After Q1, the business is netting 90k (annualized) and trending to net around $250,000 by the end of the year. Price is subject to change as per updated numbers.
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Property Features and Assets:
$100,000 in improvements, $94,000 in FFE. Inside occupancy 60 and additional seating in front and back patio. Great location for Sports events and social meetings.
Market Competition and Expansion:
High margin products, decent sales at comparable bars.
Reason for Selling:
Other Business Interests
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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