Business For Sale

New Sports Bar & Grill in Austin, Texas

Austin, TX
Travis County


Asking Price: Annual Revenue:
$285,000 $560,700

Food & Beverage: Bars, Clubs, Nightspots


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RE: New Sports Bar & Grill in Austin, Texas Broker: Ron Spitzack
Owner Financing is Available!
60000.00

Quick Facts

Asking Price: $285,000
Annual Revenue: $560,700
Net Profit: Not Disclosed
Cash Flow: $154,900
Total Debt: Not Disclosed
FF&E: $246,200
Real Estate: Not Disclosed
Year Established: 2015
Employees: 19
BBN Listing #: 406343277
Broker Reference #: 8455-49081

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Business Overview:

This new Sports Bar & Grill is located in Austin, Texas right on the frontage road of Interstate 35 to San Antonio.

Open just over one year it has become a new local favorite in Austin.
The bar offers a large variety of beer, cocktails, and spirits surrounded by twenty-two (yes, twenty-two) 55-inch flat screen TVs, a knock your socks off JBL Sound System, and great sports memorabilia. The service model hits the “sweet spot” of what people want in a neighborhood restaurant. The service is high quality, personal, and quick for lunch or dinner, and always offers excellent drinks and appetizers. In addition to great service, all food is made-to-order from appetizer to entrées in a casual and comfortable dining environment that caters to everyone. This is a family friendly sports bar & grill making it a great place to bring children. The restaurant is open to children 20-and-under until 9pm and then restricted to 21-and-over after 9pm.

Location, location, location. (1) This restaurant is placed right next to a 14-screen Cinemark theater in which the outdoor plaza of the restaurant and the ticket window of the theater share the same courtyard. A perfect location. (2) Within Austin, it is located in the famous Southpark Meadows shopping and entertainment complex boasting over 90 stores, restaurants, and entertainment options. This center is the gateway to the exploding Austin bedroom communities of Kyle, Buda, and San Marcos just south of Austin. (3) The Bar & Grill location is zoned with an exempt liquor license which means the sale of food is optional enabling maximum flexibility for the proprietor.

The owner opened the restaurant in February, and has grown gross receipts to a run rate of $550,000 in the first year of operation. However, the owner also owns two other companies and has stretched himself too thin. As a result, the owner has decided to list the restaurant for sale at a price below market.
Please contact Ron Spitzack at Transworld Business Advisors at 512-831-3653 ext. 702 or email at rspitzack@tworld.com

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Reason for Selling:

other business interets

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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