AUSTIN -- After nearly 20 years in business, Carlos'n Charlie's will shut its doors on Monday.
Guests filed in for a chance to own a piece of Carlos'n Charlie's history as the restaurant auctioned off merchandise, memorabilia and other restaurant items.
People packed into the once popular Lake Travis restaurant and bar, Carlos' N Charlie's, to buy memorabilia on its final day of business.
Auctioneers sold vintage signs with funny sayings, outdoor furniture and tables.
"Made a lot of memories in our younger days here, we would hang out a have lot of fun times. Going to miss it," said long time customer Butch Just.
MORE: Go here to see pictures of some of those items on the auction block.
The owners of Carlos' N Charlie's says business has struggled with falling lake levels.
"It's not so much that the lake is down, it's how long its been down that's killing us," said owner Pete Clark.
Officials say the normal summertime business boom drifted away with the water line.
Lake Travis is now 32 percent full. In years past, people drove their boats to the dock at the restaurant, now that same dock is located several feet away and the restaurant is no longer accessible by water.
"I've been on the lake 30 years. If you had asked me 5 years ago I would have told you this couldn't happen," said Clark.
In 2007, it rained so much that Carlos' N Charlies had to shut down because of flooding.