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Businesses For Sale   >>   Austin Businesses For Sale   

Gorgeous Downtown Bar / Restaurant

Location  Austin, Texas, United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2040000
Net Profit / Cash Flow  $655000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2007
Number of Employees  20 - 34
Inventory  198000
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Leased
Training  Seller will train.
Reason for Sale  Goals met. Moving onto another project.

Description  
Step into this gorgeous restaurant and bar in one of Downtown Austin's most popular and desirable areas. After more than 5 years of operations, the business is on track to break the $2million mark in sales this year, up 6% from 2012. It is the ideal ambiance for an intimate dinner or fun at the bar with interesting cocktails. The margins are favorable, the equipment is still in great condition, and there is a long lease left on the space. The business offers an experience that cannot be found elsewhere. Market data shows the business holds up well with other surrounding restaurants and bars when comparing growth rates. Downtown Austin's hotel, residential, and retail growth combined with the huge nightlife provide ample opportunity for increased revenues.


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