Profitable and well established Restaurant for sale in booming Austin, Texas!
This is a premier listing! This well-frequented Restaurant for Sale is in an established, central part of Austin. It is hard to overstate how well done this location is. The money and intention behind this brand were originally dedicated to creating the first of a multiple-location enterprise, and it shows.
Since opening, this delicious and very profitable Restaurant for Sale offered by We Sell Restaurants has found its place as a mainstay of the community, offering comforting foods that please the taste buds. The menu is carefully curated and is crafted from the finest ingredients. This is not some ubiquitous national sandwich chain, and one look at the massive sandwiches tells you why!
This flagship store is ideally positioned just off one of the main highways in Austin, on a major road through a desirable part of town. This is an established and affluent area of Austin, with lots of disposable income. If you have a desirable product, the customers are here. And this Restaurant for Sale offers what the people want!
Seller’s Discretionary Earnings -- the cash flow to an Owner / Operator of the Restaurant for Sale -- averaged nearly $21,000 per month for the seven months from September 2020 through March 2021. This is a significant number. It would give an Owner / Operator $252,000 on an annualized basis.
However, that number gets better! As the world has begun to open back up, earnings have been increasing quite a bit. In fact, average earnings for the first three months of 2021 were over $26,500 per month! This would translate to $318,000 for 2021, even if the revenue doesn’t increase (which is very likely, as more of the world opens back up post-vaccination). Daily revenue at this Restaurant for Sale has averaged about $5,000 per day in 2021, with Dine-In not yet open.
The owners know they could keep the store and reap the rewards from both the increased demand and the re-opening of the world after the pandemic, but they have chosen to sell. This unexpectedly puts a very desirable Restaurant for Sale on the market. Don't miss this rare opportunity!
Lease Term: April 30, 2025
Monthly Rent: $5700,
Indoor Seating: 46
Inside Sq. Ft: 2250,
Hood System: Yes
Hours Open: Mon – Fri: 8am – 7pm Sat – Sun: 8am – 4pm
# of Part-Time Employees: 4
# of Full-Time Employees: 20
Net Sales: $1600000.00