Profitable North Austin Neighborhood Bar for Sale.This relaxed sports bar has been serving North Austin for 18 years!
This neighborhood bar for sale is the quintessential bar, known for its friendly staff and for making everyone feel welcome. The owner started the bar and has been the hands-on owner-operator ever since! Although there are plenty of booths, the bar itself has that unique and memorable shape that commands the center of attention, an allows for great customer service to a lot of customers at once. The beer is cold, the fries are hot, and the game is on every screen!
The 2,500 square foot bar for sale by We Sell Restaurants occupies the end-cap in a small center that is well-known to local residents, as it is situated on the well-travelled main egress in and out of the area, not far off the exit of a major highway. It commands high visibility from the road and, importantly, has ample parking in front.
Right now, because of the pandemic, the kitchen has been shut down and this establishment is operating completely as a bar. For most of its existence, though, it was a bar and grill, not just a bar. It has a full kitchen, including a walk-in freezer, a walk-in cooler, fryers, a 4-top burner, a sandwich-prep unit, an ice machine, a vent hood, a grease trap, and much more. (It also has that critical Certificate of Occupancy as a restaurant, meaning the kitchen can be started up again right away, without the drawn-out process of permitting.)
The past reviews of the cuisine referenced fantastic burgers; one reviewer said her husband talked about his burger “for months.” And customers’ online pictures of their food are heavy on very delicious-looking curly fries. Or, change the menu to your own concept. The full kitchen can handle nearly any cuisine.
This bar is already profitable. In addition, it has a number of avenues for a new owner to increase revenue. As mentioned, the kitchen can be started back up again. Also, this establishment never used delivery services. The pandemic has primed customers to order delivery, and in fact may restaurants right now are doing fantastic numbers with delivery. So getting the kitchen going again to serve the bar is one revenue stream.. and working with a delivery service or two is another major new revenue stream. (DoorDash does more than half the Austin delivery in this category, so just using them would add right to the bottom line. (Hello amazing burger and masses of very delicious-looking curly fries… at home.)
Opening for lunch is another new potential revenue source; right now the establishment opens at 3pm.
Social media also presents an untapped opportunity. Currently, this business has no social media and barely has a website, so there is no online presence driving revenue. (It was started before social media really existed.) This is a great bar, not far off a major highway, in an area of town with high disposable income. Any additional customers driven by social media adds right to the bottom line.
You can buy this already-profitable bar for less than the cost of building out a new bar in Austin! And this bar has proven revenue potential – in 2015, the Seller’s Discretionary Earnings were over $130,000! But the owner had run the business for well over a decade and was ready to retire before the pandemic, and now they are ready to pass it to someone who will once again tap the real potential of this bar.
This bar presents a great opportunity for the right buyer. Because the owner believes in their establishment, which they started and have run for 18 years, they are willing to do some seller financing for a well-qualified buyer. This is a high-quality bar already, and has so much more revenue potential!
Lease Term: expires February 28, 2024
Monthly Rent: $8000
Indoor Seating: 130
Inside Sq. Ft: 2500
Hood System: Yes
Hours Open: Sunday - Friday 3pm-12am Saturday - 3pm-1am
# of Part-Time Employees: 4
Net Sales: $258480.00
Owner Benefit: $67296