Full-Service Restaurant in Premier University Area

Austin, TX
Travis County

UT Campus Area

Asking Price: Annual Revenue:
$195,000 $850,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Full-Service Restaurant in Premier University Area Broker: Mark Eiland
Owner Financing is Available!

Quick Facts

Asking Price: $195,000
Annual Revenue: $850,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 20
BBN Listing #: 951657487
Broker Reference #: Not Disclosed

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Business Overview:

This Restaurant operating from a premier downtown Austin location, enjoys a discounted occupancy rate 50% below market. It is strategically located in the University of Texas campus area, provides full table-service and a cooked to order menu, in a relaxed college-campus atmosphere. The restaurant's strong revenue is cyclically impacted by the university's semester schedule. Full-menu delivery service is currently provided through 3 external sources. Catering engagements are primarily sourced by word of mouth from loyal customers and can be serviced by the fully wrapped and operational food truck (not included in asking price).

The restaurant is firmly established and locally recognized as providing a relaxed atmosphere with quality food and drinks. Goodwill and strong brand recognition has been established with their loyal customer base, which includes college students, college staff, state and city workers and downtown professionals.

Multiple growth opportunities are provided via catering and expanded delivery services, as well as the company owned food truck - available for purchase below market.

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Property Features and Assets:

The location is stellar. The venue of over 3,300 square feet, provides for a large kitchen and abundant seating, that will both accommodate significant growth. Rent is fixed at 50% below market for the term.

Market Competition and Expansion:

The market advantage is being optimally located in one of the fastest growing large cities in the USA. Weaker competitors have and will continue to fail. Restaurants are in a highly competitive sector, which cannot be understated. High service standards, value and menu innovation are key to growth and staying ahead of the competition.

Reason for Selling:

The GM owner will return to his former industry.

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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