Amazing Restaurant for Sale in Central Austin!
This incredible location has everything, including revenue of nearly 2 million! Own an impeccable high-end build-out in a fantastic location in a fast-growing affluent area not far from Downtown! This Restaurant for Sale currently in this location has been in business since 2016. The owners / chefs made it through Covid but they are ready to move on. This brings to market a true jewel of a space. You have to see this location in person to truly appreciate it. It is well designed, bright and contemporary, the perfect atmosphere that an Austin clientele is searching for.
This unique location by We Sell Restaurants also offers a shopping section in front, a curated, cooler-lined space for retail offerings. Just past this space lies the full restaurant, featuring a long and impressive bar. The tasteful seating arrangements for 60 - 70 customers includes a perfect and considered mix of booths, high stools, bar seating, and table seating.
The space has two patios! The front covered patio with fairy lights is a lovely and informal area. The slat-covered back patio serves as a full extension to the restaurant. It is enclosed with walls of flowering vines and offers coveted seating for an additional 24 patrons.
The commercial kitchen is fully equipped. The hood is an ample 15’ long! Monthly rent is $9,400 including NNN. The initial lease was signed in December 2014 and runs through December 2024, with 2 5-year options after that.
This location is in an upscale, fast-developing area. The population density here will only continue to grow! The initial build-out in this location was well over $1,000,000, and that was started nearly a decade ago; costs now would be significantly higher. Buy this amazing space to start your own restaurant for well less than a third of what the build-out would cost you now! That is savings of many hundreds of thousands of dollars.
Plus, not only do you get a heavy discount on the build-out, but you also start with a base level of support that you would never have in a new location! Keep the old customers, and bring in the new ones.
Buying this space also saves you a year of your life opening a restaurant. The lease for this restaurant was signed at the end of 2014 and the restaurant opened in 2016, and this is completely normal in the Austin restaurant world. Instead, you can change this to your own concept and be up and running quickly.
This high-caliber location has shown that it can support a restaurant bringing in significant revenue. The demand is absolutely here! Harness it by opening your concept in the same space.
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Lease Term: through December 2024
Monthly Rent: $9400,
Indoor Seating: 65
Inside Sq. Ft: 2900,
Hood System: Yes
Hours Open: Lunch: Mon- Fri 10 AM - 3 PM Dinner: Every day 3 PM - 10 PM Brunch: On Weekends 10 AM - 3 PM
# of Part-Time Employees: 7
# of Full-Time Employees: 20
Net Sales: $1980000.00