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Asking Price:	$185,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Owners ready for a change after 20 years.
Year Established:	1988
# of Employees:	10
Yearly Revenues:	$600,000
Yearly Cash Flow:	$85,000

Business for Sale Overview:

Outstanding opportunity for experienced bar and restaurant operator! Low price, reasonable lease terms, and continuing, long-standing success make this an excellent buy. The land itself is a great investment opportunity for the future, but if you want to simply run a fun place for guys and gals alike, the owners will lease you the property. The two owners work full-time and draw salaries and expenses worth approximately $80,000, not counting tips, but replacing both would cost about $50,000. The business spent over $35,000 on live music in 2007 but the returns were negligible therefore owners are going to pocket that money next year with no expected decrease in revenues. That means SDE for one owner/operator will be around $100,000, and for a non-working owner approximately $65,000. Long history with great food and fun reputation.

Property Features and Assets:

The business is leased by the owners from their own LLC. They pay themselves $3100 per month and will provide a new owner of the business with a reasonable lease based on the current market of the area, and provide a right of first refusal for the eventual sale of the property. The property is approximately 86,548 sq.ft. and the building is approximately 2940 sq.ft. according to county assessor records.

Market Competition and Expansion:

The franchises have come and gone, and lots of independents, but this landmark just keeps on selling beer, drinks and good food. No body has a patio like this place. The area is booming, one of the fastest growing in Colorado, and perhaps this is time for a change. New owner could offer almost any menu they want, change the style, or simply keep it going. This is a blue-collar bar for locals and students. Opportunities: Monday-Friday 2:00 p.m. to 2:00 a.m., Saturday 11:30 a.m. to 2:00 a.m., Sunday 11:30 a.m. to 12:00 p.m. Notice, no lunch service. Expand the hours and increase revenues!

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is 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.