Bar for Sale
Key Highlights:
Prime Location Near The Domain & Q2 Stadium
Diverse Entertainment Options & Loyal
Customer Base
Significant Growth Potential with
Untapped Kitchen
This bar is a vibrant neighborhood bar that has been a beloved local favorite in Austin since 2010. Enjoy prime positioning surrounded by bustling commercial areas and apartment complexes.
Why You Want to Own This Bar:
1. Diverse Entertainment Options:
This bar offers a wide array of entertainment, including three pool tables, large screens for sports events, live bands, DJs, shuffleboard, and casino games. This variety keeps the atmosphere lively and attracts a diverse crowd, ensuring a consistent flow of customers.
2. Significant Growth Potential:
The bar features a kitchen with a six-foot hood and necessary attachments, although it has never been used. This presents a significant opportunity for a new owner to introduce a food menu, potentially increasing revenue and broadening the bar’s appeal. Additionally, with minimal current marketing efforts, there is substantial room to attract new customers through targeted marketing strategies.
Revenue Potential: Last full year’s total revenue was $415,651, with Seller's Discretionary Earnings of $61,924.80. The asking price for this turnkey operation is $123,000.
Community Engagement: This bar is the official watch party venue for Austin FC, drawing large crowds on game days and fostering a loyal sports fan clientele.
Welcoming Atmosphere: Known for its warm and inviting ambiance, It offers a sense of community and ensures every guest feels valued and comfortable.
Operational Details
Owner Involvement: The current owner spends approximately 10 hours per week managing the business. Responsibilities include overseeing daily operations, managing staff, ensuring exceptional customer service, and handling inventory and financial tasks.
Employee Structure: The bar employs 9 staff members, including 8 bartenders and 1 bouncer, ensuring smooth operations and excellent customer service.
Facilities:
Square Footage: 3,742 sq. ft.
Lease: 5-year lease with a monthly payment of $15,000. There are two years left on the current lease, with an option for an additional five-year renewal.
Special Zoning: The bar has a conditional use permit for a cocktail lounge, ensuring compliance with local regulations.
Owning this bar offers an exceptional opportunity to capitalize on a well-established bar with a prime location, loyal customer base, and significant growth potential. With its diverse entertainment options, untapped kitchen, and welcoming atmosphere, the bar is poised for continued success under new ownership. This is more than just a bar; it’s a community hub with endless possibilities for growth and profitability.
