Acquire your Flagship Location with this High Visibility Marquee Restaurant and Bar for Sale! This is a rare listing, with a prestigious address, stunning decor, outdoor patio, and parking. Fully Permitted - has the Certificate of Occupancy, with a grease trap and 18’ hood in the fully equipped commercial kitchen.
This 3000 sq ft, well-appointed Marquee Restaurant and Bar for Sale has an impeccable build-out. It is in the middle of Austin, located in an architect-designed building on a main Austin street, in a fantastic spot not far from the river. And there is plenty of easy and free parking!
This Marquee Restaurant and Bar for Sale has a gorgeous, substantial space that seats a full 95 patrons inside and another 60 outside on the nearly 1,000 square foot patio (that comes complete with outdoor lights). This location has a full commercial kitchen appropriate to a restaurant of this caliber, including a walk-in freezer and an 18’ hood. Contact the Restaurant Brokers at We Sell Restaurants for a complete equipment list on this great opportunity!
In the past few years, hundreds of thousands of dollars in upgrades have gone into both the front of house and back of house (including a $40,000+ sound system). Any necessary or desired upgrades you could think of have already been completed at this Marquee Restaurant and Bar for Sale, including costly electrical and plumbing upgrades, new flooring (including an epoxy in the kitchen), and other significant upgrades all over the restaurant.
The Marquee Restaurant and Bar for Sale has excellent rent of $9,687.50 per month (with percentage rent at 4% over natural breakpoint of nearly $3 million in gross sales); NNN is $2,157.50 per month. About 7 years of the term remain, plus there is one 5-year renewal option.
This location has a current Certificate of Occupancy and a Full Liquor License. Starting a business from scratch, with a build-out like this one, and a full liquor license, would take a long time and cost many multiples of the asking price of this Marquee Restaurant and Bar for Sale. This is a rare opportunity to open a significant location much more quickly, and for much less money, than would normally be possible.
If you or your restaurant group has been searching for the right landmark location, this Marquee Restaurant and Bar for Sale is the perfect opportunity!
Lease Term: expires 2029
Monthly Rent: $11845,
Indoor Seating: 90
Inside Sq. Ft: 3000,
Hood System: Yes
Hours Open: Monday - Thursday 4pm - Midnight Friday - Sunday 11am - Midnight
# of Part-Time Employees: 8
# of Full-Time Employees: 2
Net Sales: $592000.00