PRICE DROP! Restaurant for Sale in Austin Texas

Austin, TX
Travis County


Asking Price: Annual Revenue:
$180,000 $485,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: PRICE DROP! Restaurant for Sale in Austin Texas Broker: Dave Duce

Quick Facts

Asking Price: $180,000
Annual Revenue: $485,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 11
BBN Listing #: 22708096
Broker Reference #: 7373

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Business Overview:

HUGE PRICE DROP!! MOTIVATED SELLER. Huge 2nd Gen restaurant for sale in Austin! The seller is motivated and is ready to make a deal. Buy it quickly and save! If the close date on or before January 18, 2020, the price is $99K (or Letter of Intent) If the close date on or before January 31, 2020, the price is $120K If the close date on or before February 15, 2020, the price is $140k If the close date on or before Mar 1, 2020, the price is 150K If the close date on or before Mar 15, 2020, the price is $160k If the close date on or before Mar 31, 2020, the price $180K This is a rare listing! A huge, stand-alone restaurant for sale has a great location, near I-35 in Central Austin, for incredible rent. This well-done space is a massive 5,106 square feet, with current seating for an ample 165 customers. The $8,700 rent, including CAMS, on this restaurant for sale is very low considering the square footage, a fact that will save the next owner money each month for years to come. This restaurant is also in a great location. It is near a movie theatre and other thriving restaurants, including one that could be called a new Austin favorite. And this restaurant for sale is near not just I35, but another large highway as well, making this spot easily accessible from far and wide. We Sell Restaurants can get you in touch with lender resources to assist you with SBA lending in a matter of days, not weeks! Also, this restaurant for sale in a well-known part of town, not flung to the outskirts. It is near massive development projects in Central Austin, with literally many millions of dollars being poured into the area. This is your chance to own a part of a Central up-and-coming area before it becomes too expensive -- and it is literally right on the verge of doing so. The building itself is, as mentioned, substantial. In addition to being a restaurant, this would be perfect for catering. The stand-alone building means easy access to the back for both deliveries and catering, and the substantial kitchen means there is room for catering preparation in this restaurant for sale. If you are going to open a sizable restaurant in Austin, you already know the expenses involved. Buying this location is a way to get a jump-start on those. No need to build out a space from scratch, or to go through the laborious process of converting a non-restaurant space. This incredible restaurant for sale already has a huge kitchen, and vent hood, and grease trap. It is fully permitted. Instead of spending your time and energy on the build-out, and all the layers of inspections, you can cosmetically change the interior into your dream location and be ready to open fast. The interior of this restaurant for sale could be converted to nearly any cuisine or concept. There is ample room to put in a bar, if that is desired. (The current restaurant has a Beer and Wine license.) Don't spend a million dollars building out your space. Save time and money with this location and keep the extra for ongoing cash flow as you bring your restaurant to profitability. Too often, restaurants that might have made it close early because they spent everything on the build-out and there is nothing left. With this restaurant for sale the money has already been spent. This is a more-than-perfect location for the right restaurant, either a new concept or the expansion of an existing franchise. Come visit and you can see for yourself how great this restaurant for sale and its property is.

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Property Features and Assets:

This area is undergoing a resurgence, and restaurants are taking note and taking root. This is a great time to get in to this particular geographic market. There is not overwhelming competition in this area either.

Reason for Selling:

Personal

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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