Description

Business description

An intimate and charming restaurant/pub in the North Austin area is available for immediate acquisition in the Austin, Tx area. This pub has little competition and is nestled in a landmark community that is experiencing steady growth. Monthly wine tasting and live music on the weekends make this a popular destination. Due to the owner’s other career demands, the pub is currently opened evenings only, five days a week. There is substantial opportunity for a new owner to expand the hours of operation by serving lunch and to be open additional days. Seating capacity of 74 but currently seats 40 to create a warm and more intimate atmosphere. Current owner has other business interests that demand attention and is therefore willing to make a sacrifice on pricing, for a quick sale. Priced to sell at $64,500.

Property information

Real Estate:
Lease

Leasehold rent:
$1,750 per annum

Premises details:
Fully built-out bar and dining area; seating for 40 but capacity allowed up to 74.

Size in square feet:
1,250

Business Operation

Reasons for selling:
Owner’s other business interests demand full attention

Trading hours:
Tuesday-Saturday, 4pm-midnight

Employees:
Five Part Time

Years established:
2009

Other information

Support & training:
Seller will negotiate training and transition for new owner

Owner financing:
Owner financing is available. Please contact the seller for more information.

Financing available:
Negotiable

Furniture / Fixtures value:
$40,000 (included in the asking price)

Inventory / Stock value:
$2,500 (included in the asking price)