u/UniqueUsername75

My wife and I have 4 bars in Austin and have been doing this since 2011. We just opened our most recent bar about 2 months ago. We weren’t looking to open another spot but the landlord made a great offer based on our history so we scraped money together, found a couple of investors and made it happen. The new bar is popping off luckily.

Now, another property owner calls me to tell me he likes what we did with that spot, he says he has a building coming available in a few months and wants to know if we’re interested. 🤦🏻‍♂️

It’s a great location that checks all the boxes for our type of operation. We have the team available to run it and a concept that has longevity. Problem is we don’t have access to money now.

So here’s the dumb part. Anyone interested in investing in another bar in Austin? lol. Expenses based on our recent opening are about $275k but I’d like to raise $300k in case of any surprises. 10 year lease, can probably get a 5 year option on the end, I’d expect ROI in 2-3 years.

Please don’t roast me. This sub can have some attitude some times but I know it’s all in good fun. We’re bar people.

My wife and I are a month in to our 4th location and I’ve been going non-stop since January. The new place is beating projections so far but with any new spot there’s all kinds of surprises. At this one I’m having to replace the main line out to the sewer. The old building wasn’t meant to have this many people flushing this much stuff.

If we didn’t have such great teams at our other bars we wouldn’t be able to keep it up. New people lurking in this sub, take good care of your people.

I’m just unloading, feeling pretty burned out. I know it will ease up soon when all of our systems in place and hopefully no more surprises. Get the investors paid off early, go on a vacation then save to finally buy a building. 🍻 💰 📈 💪