The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

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

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, illegal activities, or to rant about personal issues. Please review the full guidelines if you have any questions.

Submit Your Answer