Restaurant with Alcohol and Live Music in Austin

Austin, TX
Travis County

Asking Price: Annual Revenue:
$140,000 $929,301

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant with Alcohol and Live Music in Austin Broker: Sunil Z. Verma
License #: 616099

Quick Facts

Asking Price: $140,000
Annual Revenue: $929,301
Net Profit: $119,215
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 20
BBN Listing #: 650644926
Broker Reference #: 19104

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Business Overview:

Popular restaurant at the same location for over a dozen years and great reviews. Busy for lunch weekdays and live music in the evenings and weekends. Serving appetizers, burgers, sandwiches and entrées in a comfortable atmosphere with inside and outside seating, makes this an inviting and convenient destination with ample parking.
Between food and alcohol, doing almost $1mm in sales and room for improvement. Absentee owner has other businesses and has not focused on managing this location and expenses. An owner operator should net between $150k to $200k in the first year and recapture the asking price. Also, business hours can be extended to add more sales.
Extensive equipment and turnkey operation looking for an experienced restaurateur.
Priced to Sell and a great opportunity for a new owner.

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Property Features and Assets:

4,000 square feet with bar, inside and patio seating.

Market Competition and Expansion:

Extending business hours 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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