Iconic Vegan Restaurant For Sale

Asking Price$400,000

Cash Flow
$130,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,100,000

Inventory$30,000
Not included in asking price
FF&E$50,000
Included in asking price
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Iconic Vegan Restaurant For Sale


Asking Price$400,000

Cash Flow
$130,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,100,000

Inventory$30,000
Not included in asking price
FF&E$50,000
Included in asking price
Business Description
Established in 2009, this family-owned restaurant in the heart of downtown Fort Collins has seen revenues increase every year up until COVID and remain stable and profitable post-COVID. As the only fully plant-based restaurant in a fifty-mile radius, it has consistently driven out competitors and remains a cornerstone for the community, being a place to inspire healthy living through creative, scratch-made cuisine.

After a decade and a half, the owners are ready to embark on a new adventure and are looking for the right person to pass the torch to. Someone who can use what was built before as a foundation to further the vision and mission of serving tasty and environmentally “impact-light” cuisine in a beautiful setting.

With sales over 1M since 2016, this restaurant still has room to grow. They have barely advertised, do not deliver and don’t offer catering. Avenues that can be taken advantage of to increase revenue. A full bar not only offers hand-crafted cocktails, beer and wine, but also stands apart from other local bars by specializing in herbal mocktails, tonics and smoothies.

A rock-solid staff is in place, equipment is fully maintained and functioning, and lease with a five-year option to renew is all ready and waiting for the next owner.

Only serious inquiries will be considered, and an NDA will be required for information requests.
About the Business
Years in Operation
16
Number of Employees
25
Facilities & Assets
The restaurant is on a busy corner with a large patio. Two large signs (one neon) are highly visible. The inside layout, including kitchen, storage and office is 3300 square feet of inside space with additional patio space of over 1000 sqft. The restaurant is equipped with: large HVAC system, new water heater, 15'x7' walk-in cooler with new compressor, 12' hood with two stoves, charbroiler, griddle, deep fryer, and drawer fridge. The bar has an 8 full keg system plus 4 red wine handles, 1 white wine handle and 1 kombucha handle. Other equipment as well.
Market Outlook / Competition
Restaurant is in prime location with very few competitors. Only vegan restaurant in 50 miles (roughly). Fort Collins is an extremely healthy town and consistently voted top places to live in the United States with an avid biking community, hiking trails and lots of mountain views. With a 20k+ student population and high-income bracket population, the demographics for Fort Collins make this an ideal place to expand the concept.
Opportunities for Growth
With the Front Range at your fingertips, an established name brand and healthy oriented demographic, there is much room to expand. Whether it's multiple locations, meal prep, wedding supply and general catering, this restaurant has not tapped into its full potential.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,300
Rent
$11,000.00 per month
Lease Expiration
12/31/2030
About the Sale
Seller Motivation
Looking to do something else.
Transition Support
Up to one month on-premise training and available for consultation for up to a year included in price. Training and "instruction" manual will be provided for new owner for smoothest transition possible.
Listing Info
ID
2350759
Listing Views
1199

Contact Seller

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Business Listed by: Sacha Steinhauser

Listing ID: 2350759 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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