High Profit Fast Casual Restaurant for Sale in Downtown Austin!

Austin, TX (Travis County)

High Profit Fast Casual Restaurant for Sale in Downtown Austin!
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Asking Price: $499,999

Cash Flow: $184,506

Gross Revenue: $825,421

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,996.25 /Month

Established: 2009

High Profit Fast Casual Restaurant for Sale in Downtown Austin!

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Business Description

Home Run for new owner!

High Profit Fast Casual Restaurant for sale in Downtown Austin! This gem earns high six figures on the books for an owner operator. Bring your offers today!
This fast casual restaurant for sale generates income to an owner of $185,000 a year on sales of more than $800,000. Also operates great hours, and is right in the heart of downtown Austin. This established business offers a great income and the chance to own a piece of the Austin dream.
It is unusual to find a profitable business of this caliber in such a desirable downtown location, and yet We Sell Restaurants has it! You get 35 seats inside and 50 outside on the patio. In fact, this lovely, large patio serves as fantastic advertising! This fast casual restaurant for sale has been operating under the same ownership for many years, and they are now ready to retire. This brings a fantastic opportunity to market for the first time.
This fast casual restaurant for sale specializes in a specific kind of dish, a dish both terrifically delicious and high margin! Cost of Goods Sold, at under 20%, is enviously low. This establishment is known and renowned for this specialty, which constitutes much of sales. The restaurant rounds out the menu and brings in additional revenue with the sale of beer and wine.
Due to the menu and location, this fast casual restaurant for sale takes in significant revenue during the annual SXSW festival, when people from around the world converge on downtown Austin. On a regular basis, it serves not only the many thousands who work downtown, but also the never-ending stream of tourists to our fair city.
This establishment has 10 full-time employees and 4 part-time employees. This fast casual restaurant for sale closes early on most weekdays, making it less difficult for an owner / manager than many others on the market. Or, making it potentially more profitable if a new owner changed the hours and chose to remain open longer. Rent, including CAMS, comes to about $5,000 per month, variable with the gross revenue.
The owner is looking for the right person to take over this space and continue the tradition that has been built here.

Detailed Information

Location:
Austin, TX
Real Estate:
Leased
Building SF:
875
Lease Expiration:
12/31/2020
Employees:
14
Facilities:
3 double cooking crepe burners 1 espresso machine new 3 drip coffee machines 1 coffee espresso bean grinder 1 ice machine new 1 upright freezer 1 upright refrigerator 1 single door under counter refrigerator 2 double door under counter refrigerators 1 3door pizza prep table 1 food warmer 1 small ice cream freezer 1 prep table 2 convection ovens 1 meat slicer Miscellaneous kitchen items coffee urns utensils etc 60 Charis 28 Tables 1 Drink Merchandiser in place
Competition:
This is a fantastic space with a big patio in a highly visible part of downtown Austin There is of course a lot of restaurant competition but there is also a huge populace to serve
Growth & Expansion:
The menu at this location has been honed over the course of a decade and the Cost of Goods Sold is enviously low making this potentially a good first store to expand from
Support & Training:
2 weeks
Reason for Selling:
Retirement
Business Website:
http://www.wesellrestaurants.com
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Contact the Seller

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Dave Duce

Business Listed By:
Dave Duce

We Sell Restaurants

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.


Sponsoring Broker:
Eric Gagnon

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