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Listing 18530

Business Type: Bar/Restaurant
Location: Austin
Asking Price: $199,000
Gross Sales: $1,000,000
Net Income:
3 Years Average Cash Flow:
Down Payment: $199,000
Status: Available
Score: 65%
ROI: 30%
Details:

$400.000

50% MOTIVATE SELLER MAKES PRICE CUT: MAKE AN OFFER.

Located on world famous 6th Street in Austin TX, this bar does great lunch business. Absentee owner has not focussed on dinner, so a new menu can keep this bar/restaurant as busy in the evenings as it is during the daytime. Close proximity to major landmark hotels in downtown Austin and gets steady business from locals, offices and tourists.
Fully equipped kitchen and restaurant with over $300,000 in buildouts and more is equipment, this business is attractively priced by a motivated seller.
Located on a hard corner of two major downtown streets, the rent is reasonable and slighly below market rate.
It needs a hands-on operator with experience in the food & beverage industry to realize the potential and take it to the next level and enjoy the rewards.

Agent: Sunil Z. Verma contact at 512-800-7085

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