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High Volume Mexican Restaurant & Bar in Downtown Austin!

Austin, TX (Travis County)

Seller Financing Available
Food
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Asking Price: $1,495,000

Cash Flow: N/A

Gross Revenue: $2,100,000

EBITDA: $543,000

FF&E: N/A

Inventory: N/A

Rent: $10,750 /Month

Established: 2012

High Volume Mexican Restaurant & Bar in Downtown Austin!

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Business Description

Amazing opportunity to purchase a rapidly growing restaurant and bar in downtown Austin, Texas. This is an outstanding location with a restaurant and bar with sales that topped $2 million last year and huge growth expected. Major venue during SXSW that rakes in big $$$ for venue rental during this time. Huge growth projected to continue as downtown Austin continues to thrive!

NOTE: Owner willing to sell minority stake with an option to purchase all shares at a predefined price! WOW!

Detailed Information

Location:
Austin, TX
Real Estate:
Leased
Building SF:
4,626
Lease Expiration:
8/21/2026
Employees:
45
Facilities:
Amazing compound with many inside and outside dining areas. 100+ year old building is one of Austin's oldest restaurant venues!
Competition:
This area is busy and getting even busier. Amazing location in Downtown Austin.
Growth & Expansion:
New rooftop bar just added.
Financing:
Base Lease is $10,750/mo
Support & Training:
Owner is interested in ensuring a smooth transition. To do so, Buyer will be provided 30 days of training.
Reason for Selling:
Other Interests
Business Website:
http://www.rrgprop2.com
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Van Rinn

Business Listed By:
Van Rinn

Restaurant Realty Group

Show Phone Number

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