Country:

USA

State or Province:

TX

City:

Round Rock, Austin

Location Zip or Postal Code:

78664

Service Type:

Sit-Down Table Service

Title of Listing:

Beautiful Asian Cuisine Restaurant in Austin/Round Rock, TX for SALE

Year Established:

2016

Number of Locations:

1

Number of Seats:

51-150

Size:

2875, Square Feet

Patio:

No

Number of Employees:

Less than 10

Hours of Operation:

Monday - Sun from 11:00AM - 9:00PM

Growth or Expansion Opportunities:

Located near Dell Inc. and other main office corporates. New shopping mall will be built next to the restaurant building in 2019.

Reason for Selling:

Short of kitchen staffs

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Training Provided:

Yes

Link to Facebook Page:

https://www.facebook.com/FantasiasCafe/

Website:

www.fantasiascafe.com

Asking Price:

$399,990

Gross Revenue Range:

Under $500,000

EBITDA (Earnings before Income, Taxes and Depreciation):

$400,000/year

EBITDA Range:

Under $100,000

SDE (Sellers Discretionary Earnings):

$100,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment):

100,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Value included in price?:

Yes

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

3 years

Total Monthly Rent:

$9,000

Financial Comments (include any Financing information that may be useful):

This restaurant is new and located in a very popular location for lunch and dinner customers. Due to short of the kitchen staffs, owner wants to sell. First 2 years' revenue is as high since we had to build customer base from the beginning. This restaurant has a lot of potential for new owner, who plan to serve sit-down service foods for (Chinese, Japanese, Thai, Mexican, Franchise, or Italian foods and etc... ). We projected income will rise above $500k - $1M in the next 2 years.