Upscale Wine Bar/Lounge in Williamson County, TX for Sale

Austin, TX (Williamson County)

Upscale Wine Bar/Lounge in Williamson County, TX for Sale
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Asking Price: Get Financing: $369,000

Cash Flow: $127,250

Gross Revenue: $414,000

EBITDA: N/A

FF&E: $75,000

Inventory: $4,000*

Lease Rate: $4,725 /Month

Established: 2012

*not included in asking price.

Upscale Wine Bar/Lounge in Williamson County, TX for Sale

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Business Description

This is a turn-key and beautiful Wine-Bar/Lounge for sale in a great location and facility. This business has been used for many types of parties, such as birthday parties, bachelor parties, engagements parties, proposals, and much more!

It is a friendly casual but classy atmosphere. People visit this establishment to meet new people or just relax after a hard day at work.

They sell wine, beer, tapas (small plates) and more during normal operations and have a regular customer base that participates in the monthly wine club, wine tastings, and other reoccurring events.

With continued growth in the area and the area's popularity for becoming a great alternative vs. downtown Austin, this business is poised for continued growth. They've grown year over year and will likely continue in that trend for numerous years to come with the continued development and improvement to the area.

This business will not last long. Contact us for details.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
3/3/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Amazing location with upscale interior bar and seating (1800 Sq. Ft), Outdoor Patio (1000 Sq. Ft), Dog Friendly Area, Outdoor games with Theater seating and much more!
Competition:
Area is growing and becoming extremely popular for a good night out.
Growth & Expansion:
The area has always been a cornerstone for the city, but is experiencing tremendous growth and renovation. This area has also become a great alternative vs. downtown Austin for a night out.
Support & Training:
Sellers are committed to a successful transition and will train for 30 days.
Reason for Selling:
Other interests and desire to be closer to home
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Contact the Seller

(from currently available funds)
 
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Alex Khabbaz

Business Listed By:
Alex Khabbaz

Central Texas Business Brokers

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Sponsoring Broker:
Mike Feinman, Managing Partner

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