Restaurant

19510

Location
Asking Price
$300,000
Down Payment
$300,000
Gross Sales
$850,000
Net Income
$150,000
Score
59%
Status
Available
Details

For 10 years, this restaurant and bakery has been serving authentic Cuban food to local patrons.

Well-equipped to serve lunch and dinner 7 days a week, this restaurant also has a liquor permit.

Located in Central Austin this is a cozy place that appeals to patrons.

Great reviews and on every list of top Cuban restaurants in Austin.

Owner is looking to retire but key employees will stay.

A suitable buyer will be someone with enough experience in Cuban cuisine to maintain the quality of the food and service. Priced to sell.

19104

Business Type
Location
Asking Price
$140,000
Down Payment
$140,000
Gross Sales
$929,301
Net Income
$119,215
Score
73%
Status
Sold
Details

Popular restaurant at the same location for over a dozen years and great reviews. Busy for lunch weekdays and live music in the evenings and weekends. Serving appetizers, burgers, sandwiches and entrées in a comfortable atmosphere with inside and outside seating, makes this an inviting and convenient destination with ample parking.
Between food and alcohol, doing almost $1mm in sales and room for improvement. Absentee owner has other businesses and has not focused on
managing this location and expenses. An owner operator should net between $150k to $200k in the first year and recapture the asking price. Also, business hours can be extended to add more sales.
Extensive equipment and turnkey operation looking for an experienced restaurateur.
Priced to Sell and a great opportunity for a new owner.