Gorgeous Downtown Bar / Restaurant


Listing ID: 700205165

Listing Title: Gorgeous Downtown Bar / Restaurant

Quick Link: http://www.globalbx.com/listing.asp?bId=205165

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Texas

Area Austin

City: Austin

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $2,040,000

Cash Flow: $655,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2007

Number of Employees: 20 - 34

Business 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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