Restaurant Real Estate – Ready for your Concept!

Asking Price$899,000

Cash Flow
$68,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$520,000

Inventory$30,000
Not included in asking price
FF&E$40,000
Included in asking price
Real Estate$995,000
Included in asking price
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Restaurant Real Estate – Ready for your Concept!


Asking Price$899,000

Cash Flow
$68,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$520,000

Inventory$30,000
Not included in asking price
FF&E$40,000
Included in asking price
Real Estate$995,000
Included in asking price

Seller Financing Available
Business Description
Restaurant operating for 10 years with excellent reputation!
Turn-key Rocky Mountain region restaurant location opportunity with business real estate included in the purchase price. Located just off a major highway with a traffic count of over 18,000 daily and frequented by both Grand Valley residents and tourists. This restaurant historic log building is well-known in Western Colorado for a high-quality dining experience with top shelf ingredients at a reasonable price. The freestanding building creates a unique dining experience for up to 145 people, including a full-service bar with 4 keg taps. Room layout provides flexible party accommodations with multiple areas for large and small parties. Point of sale system, functional kitchen layout with ample food and prep area, 5x8 ft walk-in cooler with new compressor, Alto Shaam prime rib cooker, employee breakroom and caretaker unit upstairs. Inventory verified at closing would be in addition to the purchase price.

There is no substitute for the visibility, signage, access and location this business enjoys. Perfect for a chef, restauranteur or restaurant group to step right into the existing or a new concept.
About the Business
Years in Operation
11
Employees
15
Facilities & Assets
Historic property built in 1920 has been updated as a full-service restaurant. The building is 2,752 sf residing on a 0.5041 acre lot. The real estate is offered at $995,000.
Market Outlook / Competition
This is the only fine dining restaurant in the area. Competition is mainly alternative fast food and casual family restaurant concepts.
Opportunities for Growth
The business has relied on word-of-mouth, as well as some limited social media, hotel promotions and their website for marketing. Additional marketing of restaurant, bar and catering services would propel growth beyond the current organic population growth of the area.
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
Retirement to take care of aging parents
Transition Support
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
Financing Options
The Seller will entertain offers of varying financial and legal structures.
Listing Info
ID
2314306
Listing Views
928

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Business Listed by: Charles P. Spickert, CBI Touchstone Business Advisors

Listing ID: 2314306 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.