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Downtown Austin Wine Bar with posh $1M build out and 10 year lease discounted at 38%, $1M Sales, $450K OBO.

Popular S Austin night spot is becoming a favorite for both trendy locals and celebrities. After an initial failed concept featuring high end chefs, menu items, and a grocery/market, the original $M space was gutted to add a wine bar with 100s of wine & beer selections in 2008. Features over $1M in assets-including nearly $40,000 in inventory, very low lease rates, locked in for the next 10 years at a 38% discount to its neighbors. Owner has not had time to adequately manage the business. As a result, labor costs have swelled to over 60% or revenue. Excellent opportunity for new or existing concepts.Seller is selling to focus on her other multi $M dollar businesses.

Douglas Batts

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