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Established Neighborhood Bar for Sale near Austin-Sales over $613,000

Lakeway, TX (Travis County)

We Sell Restaurants - Texas Restaurant Brokers
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Asking Price: $125,000

Cash Flow: $117,044

Gross Revenue: $613,177

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $9,870 /Month

Established: 2006

Established Neighborhood Bar for Sale near Austin-Sales over $613,000

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Business Description

Producing six figure earnings in Austin Texas!

Huge Price Reduction!! Operate this Bar for Sale just West of Austin and take home over $115,000 a year! Net sales of over $613,000 and high earnings -- this one won't last!
This bar for sale has been open and going strong for more than a decade! Located in a well-known and fast-growing town just outside of Austin, this bar for sale is a favorite haunt of the locals and also draws in plenty of visitors after a day on the lake. Prime location on main highway.
This bar for sale establishment has everything you need for the ideal business: great chicken wings, billiard tables, comfy couches, and cigars to boot! Yes, they have a special ventilation system and sell quite a volume of cigars. The bar for sale is also fully stocked and is well-known for certain creative drinks. Ask the restaurant brokers about this desirable unique location with 3000 square feet and rent of $9864 per month. The lease extends to July of 2019 with an additional 5-year option.
Hours are from 12pm to 2am, from lunch right through to last call. Reviews consistently remark on the excellent "bar food" -- including those wings, pizza by the slice, and even a bacon-wrapped hot dog. This bar for sale is known for their event nights, like weekly karaoke, a DJ night, a billiards tournament, and more.
Just by its very nature, a business like this is much easier to run than a full restaurant. There are simply fewer details to deal with on a bar for sale like this one. The ordering and stocking is easier, the staffing is easier, and it is much harder to mess up cheesy fries than, say, beef bourguignon. This makes the life of the owner much less stressful!
If you want a great quality of life coupled with an excellent return on investment, this bar for sale is ideal for you. Become the proprietor of this establishment and secure six figures -- a good living while you welcome patrons!

Detailed Information

Location:
Lakeway, TX
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
7/31/2024
Employees:
1 Ft 3 PT
Facilities:
2 Brunswick pool tables 8 foot and 9 foot 2 dart boards with back stops 2 true beer coolers with glass doors 1 true beer cooler with black doors 1 beverage air 4 barrel kegarator 1 3 compartment sink 3 reach in freezers 5 pub tables 2 oversized tables that seat 10 each 2 bars 2 ice wells 2 soda gun set ups 4 stainless steel tables for service and storage 1 walk in refrigerator 1 kitchen hood 1 Wolf 4 burner flat top and conventional lower oven 1 blodgett conventional oven 1 two-basket fryer 1 steam table with four compartments 1 dish machine 9 flat screen mounted TVs 1 sit down 60 game arcade setup 2 golden tees leased 1 tournament grade coin op foosball table 4 racks for shelving dry storage 1 liquor cage 2 leather couches 2 leather wingback chairs 30 Black metal chairs 8 brown metal chairs 2 5 foot sub woofers 4 commercial grade fire extinguishers 1 complete Audio sound system that control each room separately All kitchen utensils plates and equipment 2 POS terminals with cash drawers and printers 1 back office POS PC with monitor
Support & Training:
1 week
Reason for Selling:
Relocation
Business Website:
http://www.wesellrestaurants.com
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Dave Duce

Business Listed By:
Dave Duce

We Sell Restaurants

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.


Sponsoring Broker:
Eric Gagnon

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