Corporate Investment 1

High growth, local brand Pizzeria now available!

Very popular and well known independent brand in a red hot neighborhood is now available and primed for further growth. This beautiful pizzeria moved into its current location in April 2015 and has enjoyed 40%+ revenue growth YOY. Austin loves its local brands, and the restaurant has been part of the east side scene before it was cool. The new owner will get a meaningful history and legitimacy that make this place an east side staple.

Located in first floor retail of a new, high-end apartment development. Popular with young and affluent residents who also enjoy beer, wine and people watching on patio or in the beautifully designed interior. The new owner will get an established, long term staff. Trustworthy and knowledgeable. Equipment will last - everything in the restaurant and kitchen is under 3 years old.

Good online presence, well reviewed and plenty of raving fans. Established catering and food delivery relationships, driving additional dependable revenue.

Easy business to handle, solid management in place. Owners work less than 20 hours per week in the business. Even greater potential and cash flow if owner gets more hands-on. Good books, good records.

Central location makes continued growth in delivery and takeout a no-brainer opportunity for new owner. Close to downtown Austin in a very trendy neighborhood that is getting denser every year. WILL NOT LAST, MAKE OFFERS NOW!

Please refer to listing ID: 17007

Geography:  United States > Texas > Austin
Asking Price:  $215,000
Gross Revenue:  $500,000
Cash Flow:  $110,000
Value of Inventory:  $5,000 (Included in Asking Price)
Value of Equipment:  $68,000 (Included in Asking Price)
Seller Financing:  Negotiable
Year Established:  2009
Number of Employees:  FT 7 PT 3
Mgmt. Training/Support:  30 Days
Reason For Selling:  Owner focusing on other professional pursuits.
Facilities:  This restaurant is well set up. Bar seating wraps around an attractive open kitchen. The interior is in great shape, and exterior lighting/signage is very well done. Ideal east side location with great foot traffic and a built-in customer base due to retail/residential model. As a tenant of the building, it has access to deliver to the residents’ doors - other delivery services require the tenant to come down to street level to meet the delivery person. This is a leased location of 1,004 sq ft – Lease through 4/2024 with a 10-year option.
Market Outlook/Competition:  The restaurant is in a highly desirable location off the primary city artery. High trafficked area surrounded by both offices and residences, which provides both a strong combination of lunch and dinner business. Majority of the business comes from surrounding trendy neighborhoods, on-demand delivery and excellent repeat customers. The overall concept, quality of menu items, friendly service and attractive design is perfectly situated to the neighborhood as well as Austin’s increasingly sophisticated market.
Name:  Lawrence (Larry) Schumann, M&AMI, CBI
Phone:  512 346 4444