Advice for Buying a Restaurant and Selling a Restaurant

Restaurant Broker Dave Duce Sells Neighbor's Kitchen

Posted by Robin Gagnon on Feb 4, 2018 10:01:43 AM

One of the first restaurant for sale transactions closed in the New Year by We Sell Restaurants was in Austin Texas. Neighbor’s Kitchen, a full service iconic store in a gorgeous landmark location is now under new ownership. The buyer, Thomas Dickey is an Austin native excited to acquire this full service iconic store featuring both multiple patios and live music.

The Neighbor’s Kitchen has a huge physical plant, with a series of decks and extensive grounds going down to a river. It is in the lifeblood of an historic town, a fast-growing bedroom community of Austin that is the tenth fastest-growing city in Texas. All of these were reasons for this restaurant buyer to make a decision to buy the restaurant which was on the market and viewed by a number of buyers.

The sellers were a partnership and were ready for a new opportunity. Their highly successful business was operated on an absentee basis and delivering a strong return. The live music scene in Austin Texas is booming and this location brings in local and regional bands to play on two different stages.

The river setting, live music, and good food were all part of the reasons this location offered by Certified Restaurant Broker Dave Duce was a hot listing.  Online reviews for the business number in the hundreds. Their online fans say,

“Great food! Friendly staff! Great atmosphere! Unique and one of a kind place. Love the options for live music and the local and national talent they bring in.”

“Great location and setting. Super friendly staff and delicious food. My second time coming here and my family and friends all love it too.”

“Love it. Love the atmosphere (apparently it's a rather ancient--for the Americas--building, one o

f several moved to this area) and the food doesn't disappoint. I love IPAs and they've got two (though I need to call Bell's about their Two-hearted...I just don't know if that's an IPA...), including Stash, and a handful of other craft and local beers. Plus the usual suspects. Great, friendly staff and nice indoor and outdoor seating options. Over the years I've watched football here and brought the family, met with friends and just hung out solo chatting with strangers. It's good for all of that. :)”

With these types of reviews, it’s no wonder the buyer plans to keep the concept the same. He will be hands on in the business and looks forward to interacting with customers.

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Topics: Selling a Restaurant