Huge Restaurant for Sale - Second generation location in Austin Texas.

Austin, TX (Travis County)

Huge Restaurant for Sale - Second generation location in Austin Texas.
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Asking Price: $90,000

Cash Flow: $0

Gross Revenue: $520,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,697.62 /Month

Established: 1985

Huge Restaurant for Sale - Second generation location in Austin Texas.

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Business Description

Start your concept today with this restaurant for sale opportunity. Fully built out second generation space in Austin Texas just needs your concept.
This impressively large restaurant for sale has a sizable kitchen (with a 20 plus foot hood), has been operating continuously since 1985! It is in a great location in Austin! The current owner is retiring, so now, after 34 years, this property is ready for a new restaurant. We Sell Restaurant is exclusively bringing you this opportunity!
The restaurant for sale is in an excellent location -- one of the reasons it has been profitable for more than three decades. It is right at the intersection of two major, well-known Austin roads. There is literally constant traffic going by. Plus, there is easy access from the street, and lots of parking right outside. (Parking is a huge bonus.)
This restaurant for sale is part of a long-time shopping center with a major and well-frequented anchor store. It is in one of those places that everyone in the community knows. Also, the demographics of the surrounding area are changing, just like the demographics of the rest of Austin, making this community ever more able to afford to eat out. This restaurant is perfectly situated to cater to the changing tastes of Austinites.
Some restaurant kitchens are small and cramped. Not this one! This restaurant for sale is the kitchen space you have dreamed of! The wonderfully large full professional kitchen is capable of producing large amounts of nearly any cuisine. And the 20 plus foot hood is the biggest hood we have ever seen.
New restaurant build-outs cost a fortune. Permitting can be a nightmare. This restaurant for sale space has its Certificate of Occupancy already! The TABC can be difficult, especially with new establishments. This restaurant currently serves only beer and wine, but once had liquor license as well.
This location is perfectly primed to be an amazing new restaurant! The restaurant for sale currently serves only beer and wine, but once had liquor license as well. Get your own concept up and running fast.

Detailed Information

Location:
Austin, TX
Real Estate:
Leased
Building SF:
4,266
Lease Expiration:
11/30/2020
Employees:
9
Facilities:
Walk in cooler Walk in freezer 20 foot hood grease trap 2 fryers 4 burner stove ovens 2 door prep table cooler stainless steel tables
Competition:
This area while well established is still growing and becoming more affluent There is a lot of competition in the restaurant space in Austin but there is also always room for a great concept This space is crying out for a fantastic new restaurant
Growth & Expansion:
This is a perfect place for an expansion of an existing brand It did not change for many years and could easily accommodate a new restaurant for many more
Support & Training:
1 week
Reason for Selling:
Relocation
Business Website:
http://www.wesellrestaurants.com
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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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