0 Amazing Restaurant For Sale In Central Austin!Austin, TX 78741

For Sale
$575,000

Established eatery, high sales, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $575,000 asking price for a 2,900 sq ft restaurant in Austin, TX.
  • Established restaurant with nearly $2 million in net sales since 2016.
  • Located in a high-demand area of Central Austin near high-end residential and commercial developments.
  • Leased space with a lease expiring December 2034; current monthly rent is $9,400, NNN.
  • Fully equipped commercial kitchen with significant existing equipment.

Property Details for 0 Amazing Restaurant For Sale In Central Austin!

Property type
Other retail properties, Restaurants
Square Feet
2,900 SF
Year Built
2014

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.2259488
Longitude
-97.7145152
Amazing Restaurant For Sale In Central Austin!, Austin, Texas

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