 |
 |
 |
| You have accessed this listing information from the VR National database through: | The participating listing VR Business Broker Office is: |
|
VR Business Brokers - Austin, TX 8310-1 Capital of Texas Highway N Suite 185 Austin, TX 78731 (512) 340-0181 www.vrtexascapital.com alison@vrtexascapital.com |
VR Business Brokers - Austin, TX 8310-1 Capital of Texas Highway N Suite 185 Austin, TX 78731 (512) 340-0181 www.vrtexascapital.com alison@vrtexascapital.com |
|
Business Listing Details |
|
|
LISTING#: |
C0000: Restaurants 20 + year old UT Campus Restaurant |
|
LOCATION: Austin, Texas |
|
|
ASKING PRICE $290,000 |
AMOUNT DOWN $145,000 |
REVENUES: $525,000 |
DISCRETIONARY EARNINGS $110,000 |
TOTAL ASSETS $140,000 |
|
| This well known restaurant has served the UT and surrounding downtown community for more than 20 years with a very loyal customer base, so much so that even alumni come back to visit. The concept is quick service meals with daily quick lunch specials, daily dinner specials, a full dinner menu, and as well as an extensive vegetarian offerings. All food items are high quality and prepared fresh daily, at very competitive prices. The restaurant also has a strong catering clientele around the University and offers delivery in the immediate area, providing additional sources of revenue. The fantastic reputation and excellent location drive a tremendous amount of traffic into the restaurant keeping the hands on owner busy day to day, with great vacation time in accordance with the University's schedule.The space occupies 2,200 square feet at a monthly rate of $6,000(inclusive of all utilities, CAM, and promotional fees) with 8 years remaining on the lease. Equipment is well maintained and replaced as needed, and the dining room was recently renovated. There is space adjacent to the restaurant that is available for expansion also. | |||||
| Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies. |