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Gorgeous Restaurant available in Central Austin! Won't Last Long

Austin, TX (Travis County)

Gorgeous Restaurant available in Central Austin! Won't Last Long
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Asking Price: $114,000

Cash Flow: $0

Gross Revenue: $220,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $9,000.50 /Month

Established: 2018

Gorgeous Restaurant available in Central Austin! Won't Last Long

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Business Description

This one is ready for your concept!

Gorgeous Restaurant for Sale is Available in Prime Location Right in Central Austin! This one is ready for your concept!
If you are working to open a new restaurant in Austin, this may well be the restaurant that stops you in your tracks. It has a great build-out inside, a fantastic and welcoming porch, ample seating, and its own large, dedicated, free parking lot.
Offered exclusively by We Sell Restaurants, this restaurant for sale is well-decorated inside with a fantastic contemporary bistro appeal with flashbacks to the past. This space could so easily be transformed to serve nearly any kind of cuisine, and with an Austin flair.
This is a substantial restaurant for sale! There is seating for 70 inside and 20 outside on the porch, with plenty of room for hosting events with even more people. The stand-alone building is centrally located In the trending #EastAustin, not far from either I-35 or Cesar Chavez. It is a five-minute drive from downtown and 6th Street. East Austin is ranked 7th in Forbes' list of America's hippest neighborhoods. The nearby Plaza Saltillo project (completed next year) is to have 800 apartments, 140,000 square feet of office space, 110,000 square feet of retail, and 1.4 acres of open space and public art. This restaurant is also just around the corner from the 102-unit FOURTH& condominiums, 346-unit The Arnold luxury apartments, and the soon-to-open 83-room Arrive hotel.
Parking in Austin can be scarce and, increasingly expensive. Your customers will avoid all that hassle, as this space comes with a large free parking lot. This is amazing and nearly unique these days.
This restaurant for sale has a full, functioning, professional kitchen, capable of supporting nearly any cuisine. The space features a gorgeous 2,350 square foot build-out inside, with an additional 500 sq ft outside. Rent is $9000 per month, including CAMS. (And includes that amazing parking lot.)
Get a fantastic build-out. Avoid the months-long permitting hassles. Lock-in a huge parking lot. All for less than starting a restaurant from scratch. The permitting process in Austin can be brutal - it can take months and months and many thousands of dollars before you can open. Buy this open and operating restaurant for sale with its Certificate of Occupancy and you can have your own concept up and running in mere weeks. Agree to confidentiality and you'll get all the details!

Detailed Information

Location:
Austin, TX
Real Estate:
Leased
Building SF:
2,350
Lease Expiration:
3/31/2023
Employees:
7
Facilities:
Fixtures and equipment owned by landlord Tenant has full use per lease walk in cooler vent hood ansul system wood burning brick oven climate controlled wine storage room 10 burner range with 2 ovens 40 lb 2 basket floor fryer 3 burner charbroil grill gas pasta cooker with faucet 72 inch bar cooler 2 x 60 inch sandwich salad pizza refrigerators with prep table 60 inch pizza refrigerator with marble prep table floor mixer 48 inch freezer unit 45 chairs stainless steel racks stainless prep tables 2 x 60 inch pass thru shelves 3 compartment sink 1 compartment sink with pre rinse basket and spray dishwasher drainboard dinner plates appetizer plates Equipment owned by Modern Goat LLC Aloha POS system 2 terminals with 2 thermal and 2 impact printers ice machine with 350 lb bin 72 inch keg cooler 22 butcher block 2 top tables 4 butcher block 4 top tables 3 butcher block bar height 6 top tables picnic table 45 indoor outdoor bar stools 8 app plates cups and saucers assorted small wares wine glasses water glasses rocks glasses highball glasses cocktail glasses
Competition:
There are certainly many restaurants in Austin but there are certainly room for more good ones This part of town is very up and coming super close to downtown and easy from the highways with parking
Growth & Expansion:
This would be a great location for a restaurant expansion or for an initial opening of a new concept The cons are the same as ever competition in the marketplace The pros are too so many people and so much disposable income in Austin
Support & Training:
Negotiable
Reason for Selling:
Personal
Business Website:
http://www.wesellrestaurants.com
Contact Seller

Contact the Seller

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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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