Established and Profitable Restaurant/Bar

Austin, TX
Travis County

Hub of downtown Austin

Asking Price: Annual Revenue:
$4,000,000 $4,960,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Established and Profitable Restaurant/Bar Broker: Sunil Z. Verma
License #: 616099

Quick Facts

Asking Price: $4,000,000
Annual Revenue: $4,960,000
Net Profit: $984,400
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 45
BBN Listing #: 195344926
Broker Reference #: 22150

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Business Overview:

A rare opportunity to buy an established & profitable restaurant in the heart of 6th Street and be part of the scene of Austin life.

A simplified menu keeps margins in control and alcohol makes up approximately 30% of the sales.

2021 saw a nice bounce after Covid restrictions were eventually eased and 2022 appears to be even better.

2021 $5MM in sales and approximately $1MM in SDE. 2022 net profits are projected to be over $1.25MM

This is a two location package with one on 6th Street and the other in central Austin.

The leases on both locations is favorably negotiated by the owner with options available for the next 13 and 18 years. Rent makes up 5% of the gross sales, so if the Buyer were to get bank financing, there is room to service the debt and make a good profit.

Someone with experience in the industry can get this at a fair value and be the new owner and own a slice of 6th Street. Seller financing is not anticipated, therefore, we are seeking a well-qualified party. A financial statement from prospective Buyers will be requested before discussing the business.

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Property Features and Assets:

Two excellent high traffic locations with great, long-term leases with defined rent. Fully equipped and staffed.

Market Competition and Expansion:

Established business with a talented team in place.

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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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