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Asking Price:	$129,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Owner has another business and is spread too thin.
Year Established:	1996
# of Employees:	14
Yearly Revenues:	$202,422
Yearly Cash Flow:	$47,000

Business for Sale Overview:

This recently remodeled restaurant/bar with separate banquet facilities is located in a well established hotel/living center in Colorado Springs, Colorado. Because of its location and the building owner’s desire to have a modern professional operation for their guests and residents, the rent structure is one that cannot be beat. Rent is only $800 per month! In addition, the rent covers all utilities as well as maintenance of the equipment.

Property Features and Assets:

In addition to the restaurant which is approximately 3,500 sq. ft., the bar which is approximately 1,100 sq. ft. and shares the same kitchen has its own entrance and hours of operation. There are two separate banquet rooms one approximately 770 sq. ft. and the other approximately 2,250 sq. ft. with an adjacent 1,000 sq. ft. patio.

Market Competition and Expansion:

This is an incredible opportunity for a full-time owner/operator. You would be hard pressed to find a more attractive rent structure and a new owner will be taking over a facility that is completely updated. If one concentrates on promoting the business to outside parties and banquets, receptions, etc., and can create a concept that will draw people to the location then there is no reason this cannot be an extremely profitable business.

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.