Fast Casual Asian Restaurant

Austin, TX (Travis County)

Fast Casual Asian Restaurant

Asking Price:$195,000

Cash Flow:$60,000

Gross Revenue:$650,000

EBITDA:$120,000

FF&E:$100,000

Inventory:$3,000*

Rate/Sq. Ft.:$26.50

Established:2013

*not included in asking price.

Fast Casual Asian Restaurant

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Business Description

Turnkey Fast Casual Restaurant Ready For Your Concept

Fast Casual Vietnamese restaurant, located in a densely populated area in S. Austin. Everything you need in a restaurant. Beautiful build out. Everything you need to run a successful business. We built this restaurant in 2013 and it is in great condition. All equipment bought new in 2013. Built for $475k in 2013. This restaurant would cost $575k to build in 2016. If you have ever dreamed of owning your own restaurant, you will never find a better deal. We are only selling because we do not have the "man power" to run this location.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,800
Lease Expiration:
5/31/2023
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We own everything inside the building with exception of dish machine. Walk in cooler & freezer, ice machines, prep units, stoves, grill, flat top, tables, booths and chairs. All in immaculate condition.
Competition:
Very little competition and much demand in this area. Very densely populated and there is a huge void in our category.
Growth & Expansion:
We currently sell only Vietnamese but this could be a Thai or combination of the two. Sushi? Korean? Many other possibilities. A great opportunity to own their own restaurant at a bargain. You will not find a better combination of price, quality and location.
Support & Training:
We currently operate 6 restaurants. This sale is for the restaurant and not necessarily for the business, but we are willing to entertain any requests in regards to support. Currently a Vietnamese restaurant, but there are many more possibilities for this space.
Reason for Selling:
We do not have the man power to operate this location as it is too far for us.

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Business Listed By:
Pat Lee

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