Restaurant for Sale in Austin TX

Austin, TX
Travis County


Asking Price: Annual Revenue:
$250,000 $485,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant for Sale in Austin TX Broker: Dave Duce

Quick Facts

Asking Price: $250,000
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 #: 88858096
Broker Reference #: 7373

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Business Overview:

Ground Lease! Own the building and all assets! Huge 2nd Generation restaurant for sale in Austin! Many upgrades have been completed! The dining room has been renovated, HVAC duct-work has been updated, and the kitchen is now "open" - visible to the customers! There is a brand new dishwasher, new water heater, and new filtration system for the ice machine. Many security improvements have also been added, new exit lights, and an upgrade the exterior lighting system. Tv's and new speakers are being added soon. 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 over 6000 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 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. 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:

3 Swarovski Crystal chandeliers 2 Walk in coolers Freezer walk in 40 lb deep fryer Ice machine Metro C175 proof warmer 12 inch Hobart meat slicer Duke double door convection oven Roaster oven Vulcan 6 burner w 24 inch griddle and dual oven 30 qrt floor mixer 2 rice warmers Rice cooker 5 10 ton York AC units 2 POS Terminals Register Cash Box 72 inch 3 door True prep unit 48 inch 2 door True prep unit 155 chairs 34 tables Tableware enough for 250 People Aerohot 3 bay food warmer 6 ft x 3 ft 3 door stainless steel service station table 6 ft x 3 ft 2 door fridge stainless steel service station with hand sink 2 hand sinks 5 ft x 3 ft dual wok range 4 ft x 3 ft dual wok range 6 ft x 3 ft dual wok range 5 ft x 3 ft dual wok range 3 ft x 2 ft 2 compartment steamer 2 8 ft x 4 ft vent hood 30 ft x 4 ft vent hood 6 ft x 3 ft fan hood Bunn ice tea maker 2 3 gallons ice tea holders Cecilware CME15EN 15 gallon hot water dispenser 9 ft x 30 in prep table with overhead shelf and dual heat lamps 22 metal racks stainless steel prep tables Brand new wood floor 6 Brand new fans and lights.

Market Competition and Expansion:

This would be a great location for either a new concept or a franchise. If marketing can let customers know where you are, then you are not far away from vast swaths of the Austin populace. This would also be an excellent place for catering.

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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