Established Restaurant Location! Exceptionally Priced!

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Restaurants & Food Businesses for Sale

  • Primary Category: Other Restaurants for Sale

This long standing family owned restaurants sits in the heart of a beautiful western Colorado town. For nearly two decades locals have considered this one of the ultimate best in town. The location is prime for hotel guests and the neighborhood is experiencing tremendous growth with the construction of high end apartment complexes well under way.
Always known for fine dining and a top notch vibe for a cocktail, the owner revamped the look and feel in 2022 bringing a multi experience approach. As a result of a thought-out remodel this restaurant can now go from fast casual to fine dining by a stroke of the clock.
Easily accommodating a breakfast-lunch, lunch-dinner, or all three makes this a versatile opportunity for a new owner.
Seating capacity is as follows:
Dining room: 40
Lounge and Bar: 34
Patio: 28 (Seasonal)
As of 2022 equipment is updated, along with a fresh look in the dining room.
Four years remain on the current lease with a clause for an additional 5 years.
Bring your own ideas or have the seller transfer the current concept.

Financial Information

  • $217,000 Asking Price
  • $50,000 Cash Flow
  • $800,000 Gross Revenue
  • N/A Down Payment

Business Location

  • City: Colorado
  • State: Colorado

Reason for Sale

  • Retirement

Detailed information

  • Year Established: 2003
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 10
  • Part-Time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Adjusted EBITDA: $50,000
  • Inventory Included: No
  • Inventory Value: $15,000
  • Monthly Rent: $3,900
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Building Size: 3500
  • FF&E Included?: Yes
  • FF&E Value: $46,069

Training/Support

  • Seller will ensure a smooth transition.

Facilities

  • Everything updated in 2022. All equipment new or up to date. Extraordinary dining experience with remarkable ambiance, richly appointed bar and lounge, and covered outdoor patio.

Market Outlook/Competition

  • This restaurant is ideally located among enough other restaurants to draw attention to the area but without saturation. Lots of growth will be realized organically with the emergence of multi unit high end residences. Multiple hotels in the area should continue to be courted with updated menus. Website marketing, and social media are exceptional avenues for growth as well as the chamber of commerce, local magazines and the like.

Real Estate Description

  • Everything updated in 2022. All equipment new or up to date. Extraordinary dining experience with remarkable ambiance, richly appointed bar and lounge, and covered outdoor patio.
Business Listed by
image of Valerie Brooks
Valerie Brooks
Sunbelt of Western Colorado
Email Valerie
Show Phone Number
Listing ID
WESTCO001-53899
License Number
100078573

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