Known for its Austin vibe and 24-hour service, this authentically Austin independent restaurant has been keeping it weird for more than 50 years! This gem of a restaurant, in a highly accessible location, has a fantastic lease and a track record that is nearly impossible to duplicate. With the same name or changed to your own concept, this Cafe for Sale is an amazing and rare opportunity.
This Cafe for Sale has so many unique qualities that it is almost too hard to describe without breaking confidentiality! Suffice it to say, Austinites know this location. It has been an interesting, ingrained part of the scene for generations of residents. It does a fine daytime business, but the real action in this 24-hour restaurant is late, after the bars have closed, when a mix of insomniacs, students prepping for tests, and don't-stop-the-partiers all enjoy the friendly diner atmosphere.
This Cafe for Sale is 2,000 square feet, with seating for 50 inside and 10 outside. It has a full commercial kitchen, a hood and a grease trap, and an up-to-date Certificate of Occupancy. The Restaurant Brokers at We Sell Restaurants are happy to answer all your questions about this location!
Because of the current state of the world, the current owners cut the hours back to 8am - 5pm, which of course significantly affected 2020 revenue. The owners have other businesses, however, and want to focus on getting them healthy. This is the only reason that this amazing Cafe for Sale is available at this price.
This opportunity to purchase this Cafe for Sale presents a once-in-102 years opportunity to snap up this location, either to keep it as it is or to open a new restaurant in the space. The excellent lease is currently an unbeatable $2,781 per month, plus property taxes of $770 per month. Even better, the lease still has 12 more years on it. Locking in a low rate for that long is a big lift in Austin these days, and yet here it is, on the market right now. If you ask a leasing agent to find you a 2,000 square foot restaurant space in a central location for $3,551 rent, it would most likely be impossible.
This Cafe for Sale will not last, as opportunities like this in Central Austin are rare. Take advantage of this rare moment!
Lease Term: expires 2033
Monthly Rent: $3550,
Indoor Seating: 50
Inside Sq. Ft: 2000,
Hood System: Yes
Hours Open: Monday - Friday 9AM–5PM Saturday and Sunday 8AM–6PM
# of Full-Time Employees: 4
Net Sales: $740000.00