Restaurant for Sale! Incredible Spot on the Drag in Austin, next to UT!

Restaurant for Sale location is on the Drag in Austin, next to the University of Texas!  Rare Opportunity will not last!  Bring your offers today! 

There is one and only on “Drag” in Austin, and this restaurant for sale could not be more in the heart of it!  A property like this does not often emerge, and in fact this one has been off the market for well over a decade.  

This 1,800 square foot restaurant is right in the center of things, on Guadalupe Street, directly across the street from 50,000 potential customers at the University of Texas at Austin.  This space is literally awash in foot traffic for hours each day.  

It cannot be overemphasized:  Location, location, location. This restaurant for sale is not two or three blocks deep into West Campus, or tucked down near the ends of the Drag -- places begging customers to walk just.that.bit.farther for their sustenance.  No, this spot is right there, boom, as accessible as can be, begging the heat-stroked masses at UT to come right on in. And, there is a patio!  Yes, this space has an ample 48 seats inside and another 12 right there on the front patio.  The patio not only provides desirable seating, it also serves to visually make a restaurant in this space top-of-mind to the constant flow of pedestrians.  This front space could be cosmetically transformed to create an eye-catching, branded entrance right there in front of a *zillion eyeballs a day. (*not the exact figure)

This restaurant for sale is your chance to either become instantly known or to expand your brand presence in Austin.  And amazingly, the rent is not outrageous, and the landlord is known for being reasonable. Current rent is $7,650 including CAMS, with a new lease that would need to be negotiated to start in 2021. 

All the kitchen equipment would convey to the new owner, as would the grease trap.  This restaurant for sale currently has no vent hood.

A restaurant for sale usually becomes a new restaurant, simply because the transfer of the equipment, the grease trap, and the Certificate of Occupancy are so valuable.  In this case, the real estate itself is so desirable that this space could convert to virtually any kind of business. 
If you are considering opening or expanding a restaurant in Austin, this may be the perfect location to anchor you in the minds of both current Austinites and generations of college students. 
 

Please click on the tab below to easily acknowledge confidentiality on this Incredible Location for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Dave Duce at 512-773-5272.

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Listing

  • Listing#: 7073
  • Price: $120000
  • Location: Austin
Lease Term: expires March 31, 2021
Monthly Rent: $7650,
Indoor Seating: 48
Inside Sq. Ft: 1800,
Hood System: No
Hours Open: 10am to 10pm every day
# of Part-Time Employees: 3
# of Full-Time Employees: 6
Net Sales: $515000.00

Features

  • VERY RARE - sits directly across from the University of Texas!
  • Outstanding rent for the location.
  • Put in any concept you desire.
  • Tens of Thousands of students and tourists walk by each day.
  • Don't miss out on this one!!
  • Restaurant for sale