Austin Jollyville, TX 78729
- Retail properties
- 1,500 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Austin
- Year built
- 2008
- Property size
- 1,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving pizza restaurant, established in 2008, presents a unique investment opportunity in Northwest Austin's vibrant culinary scene. Located in a bustling retail and restaurant complex, this 1,500 square foot establishment enjoys high visibility due to its position on two major roads with a combined daily traffic count of 70,000 vehicles. The restaurant benefits from a strategic adjacency to a high-volume bar lacking its own kitchen, creating a built-in, substantial customer base. This symbiotic relationship significantly boosts sales, effectively providing an additional 3,000 square feet of dining space without the associated costs. The restaurant's menu features high-quality, locally-sourced ingredients, appealing to Austin's discerning clientele. With a strong local following and a proven track record of success, the business boasts annual gross revenue of $471,000. The lease extends until April 29, 2029, with a monthly rent of $5,745. The fully equipped kitchen includes conveyor ovens, walk-in coolers and freezers, pizza prep and salad prep areas, a dough mixer, and a POS system. The restaurant currently employs eight staff members (two full-time, six part-time) and has indoor seating for 20 patrons. Operating hours are Monday-Thursday 11 AM-9 PM, Friday-Saturday 11 AM-10 PM, and Sunday 12 PM-9 PM. The restaurant is situated within a three-mile radius of over 80,000 residents with an average household income nearing $100,000, and is conveniently located near major tech company campuses, presenting significant untapped potential for large corporate catering orders. This turnkey operation offers a compelling opportunity for immediate revenue generation and substantial growth potential. The asking price is $180,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jollyville
- County
- Travis county
- State
- Texas
- Longitude
- -97.7471
- Latitude
- 30.4647
