Very Popular Asian Fusion Restaurant in Northwest Austin/Cedar Park

Austin, TX (Travis County)

Very Popular Asian Fusion Restaurant in Northwest Austin/Cedar Park

Asking Price:$700,000

Cash Flow:N/A

Gross Revenue:$1,500,000





Very Popular Asian Fusion Restaurant in Northwest Austin/Cedar Park

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Business Description

Amazing Turnkey Operation in one of NW Austin's Hottest Restaurants!

This is an incredible opportunity for anyone interested in getting into an upscale, pan-asian concept restaurant. We are an award winning, well covered restaurant with an immense amount of truly tangible potential. Although we have been open for only a little more than 1 year, we have earned many accolades and attention. Traffic has continued to be on an upward trend and with the addition of a new full bar (being built now and included in price), the ceiling has just increased significantly.

We have been featured in the Austin Chronicle (twice), Austin Food Magazine, Eater Austin, and many more, WITHOUT a paid PR team. With close to 250 reviews on Yelp, we have a 4.5 star rating. The BOH staff and sioux chef are loyal and will remain with the business. All recipes convey with the purchase.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The architecture, design, and style of the restaurant are incredible. We have a very clean, sleek look using minimalist modern rustic design. The restaurant consistently gets rave reviews on its design and atmosphere. It is a stand-alone 6000 sf building with an extremely affordable rate. There is approximately 3 years left in the lease agreement, with an additional 5 year option.
Located on a thoroughfare bordering Austin and Cedar Park that generates over 35,000 passing vehicles per day. The vehicle traffic is among the highest in the area. In 2015, popular finance website NerdWallet ranked Cedar Park #1 on its list of best cities in the U.S. to start a restaurant. The median annual income in the area exceeds the national average by more than 50%, while the population in the same area is expected to grow almost 40% in the next 10 years. The area remains devoid of high-end options for non-sushi Asian cuisine.
Growth & Expansion:
This model is scalable and would do well with a satellite location in downtown and/or South Austin.
Support & Training:
Reason for Selling:
Personal circumstances are requiring us to step away.

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Business Listed By:
Min Choe

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