Price Drop: Restaurant and Bar in Downtown Austin

Austin, TX
Travis County

Landmark Downtown Location

Asking Price: Annual Revenue:
$150,000 $1,000,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Price Drop: Restaurant and Bar in Downtown Austin Broker: Sunil Z. Verma
License #: 616099

Quick Facts

Asking Price: $150,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 27
BBN Listing #: 169644926
Broker Reference #: 18530

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Business Overview:

Located on world famous 6th Street in Austin TX, this bar does great lunch business. Absentee owner has not focused on dinner, so a new menu can keep this bar/restaurant as busy in the evenings as it is during the daytime. Close proximity to major landmark hotels in downtown Austin and gets steady business from locals, offices and tourists.
Fully equipped kitchen and restaurant with over $300,000 in build outs and more is equipment, this business is attractively priced by a motivated seller.
Located on a hard corner of two major downtown streets, the rent is reasonable and slightly below market rate.
It needs a hands-on operator with experience in the food & beverage industry to realize the potential and take it to the next level and enjoy the rewards.

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Property Features and Assets:

Leased space 4,000 square feet with over $300,000 in build outs. Full kitchen and two dining areas.

Market Competition and Expansion:

Adding dinner menu will increase sales.

Reason for Selling:

Absentee Owner other business interests.

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.

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