Amazing Restaurant For Sale In Central Austin! Austin, TX 78741
- Retail properties
- 2,900 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Amazing Restaurant For Sale In Central Austin!
- Year built
- 2014
- Property size
- 2,900 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving Austin restaurant, established in 2016, presents a unique investment opportunity. Located in a highly desirable area of Travis County (zip code 78741), near downtown and surrounded by upscale residential and commercial developments, this 2,900 square foot space boasts nearly $2 million in net sales. The lease, signed in December 2014, extends to December 2024, with two five-year renewal options. Monthly rent is $9,400, inclusive of NNN charges. The restaurant features a fully equipped commercial kitchen, including a 15-foot hood system, and ample seating for approximately 65-70 patrons indoors, plus additional outdoor seating on two patios. The current build-out, completed in 2016, represents a significant investment, exceeding $1,000,000 at the time. The sale includes a wide array of high-quality kitchen equipment, including multiple fryers, ovens, refrigerators, freezers, espresso machines, and point-of-sale systems. The restaurant currently employs 27 people. The asking price is $575,000, offering a substantial savings compared to the cost of building a comparable space today. This turnkey operation provides an immediate opportunity to capitalize on an established customer base and high-demand location. The seller is motivated by personal reasons and is not offering seller financing. The business is not a franchise and is not an asset sale. The current cash flow is reported as $0.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.7145
- Latitude
- 30.2259
