Bar & Restaurant with over 1.3 million in Sales!

Colorado Springs, CO
El Paso County


Asking Price: Annual Revenue:
$239,000 $1,325,903

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Bar & Restaurant with over 1.3 million in Sales! Broker: Chris Gordon

Quick Facts

Asking Price: $239,000
Annual Revenue: $1,325,903
Net Profit: Not Disclosed
Cash Flow: $40,736
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1984
Employees: 19
BBN Listing #: 10818096
Broker Reference #: 8948

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Business Overview:

This established bar and restaurant for sale is fully furnished and already has a strong local customer base bringing in over 1.3 million dollars in sales. The liquor license will transfer! Why build out a restaurant space when you can take over an existing location already bringing in massive revenue for pennies on the dollar. This turnkey 4,400 square foot Restaurant for Sale has a fully furnished dining room and full-length bar that seats 140 patrons inside. The outdoor patio allows 40 customers to enjoy the scenic mountain views and enjoy 300 days of Colorado sunshine. Sports on the flat screen TV's, pool tables, and video games will provide your customers entertainment while enjoying their beverages. The fully equipped kitchen includes a hood with suppression system, steam table, grease trap, walk in cooler, flat top grill, reach in cooler, 6-tap draft beer system, and much, much more. The rent is $6,650 all-in for this prime location, which was only 6% of the sales in 2021. The lease is good till 2028. Don't worry, the trained Certified Restaurant Broker from We Sell Restaurants will help you navigate the transfer of the lease and all other business licenses. This independent concept means there are no royalties and no franchise fees, putting more money into your pocket! This restaurant is in Colorado Springs which is constantly rated as one of the best cities to live in the US. El Paso County saw a 17.4% growth over the last 10 years, adding over 100,000 residents to the market. Located on a busy main road, traffic counts are high through out the day. With residential neighborhoods and commercial centers near by, the surrounding area is full of thirsty patrons. Need lending assistance? This Restaurant and Bar for Sale can be financed with our lending partners. If your credit score is 680 or above, contact the restaurant brokers at We Sell Restaurants for an introduction to our teams that can have you approved quickly. This is a perfect opportunity for an owner operator looking for a turnkey dream. Contact us today!

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Property Features and Assets:

130 Barstools 18 Chairs 6 patio tables 10 -48x36 in cocktail tables 4- 36 in square dining tables 7- 36x32 in cocktail tables 7- 72x36 in cocktail tables 1- 48x36 in dining table 10 flatscreen televisions 1 HD projection television (less than 5 years old) 1 Small Redbull bartop cooler unit 3 Digital Dining/ Retail Data Touchscreen POSs Card readers and new back office PC 3 Receipt printers 1 True three door beer bottle cooler 1 behind-bar glass/dish machine 1 Superior mug chiller/freezer unit (less than 5 years old) 2 Ice wells 1 Dishmachine w/ rinse station 1 Alto Sham (new less than 2 years old) 1 Meat slicer 2 Update International hotplates with timers 1 Vulcan 36 in cheese melter/salamander (less than 5 years old) 2 two door True sandwich coolers (1 less than a year old other less than 5 years old) 1 four slot toaster 1 three bay steamtable (less than 5 years old) 1 Sharp Carousel microwave oven 1 2-bay Pitco Frialator deep fryer 1 24x24 in flat top grill (replaced in the last 5 years) 1 36 in charbroiler grill 1 expeditor heat lamp 1 Blue Air two door standup reach-in cooler 1 True standup reach-in freezer (less than 5 years old) 1 Manitowac ice machine (less than 5 years old) 2 rolling stainless steel cart 5 stainless steel shelving units 1 gas hot water heater (less than 5 years old) 2 mop bucket 1 mop sink 1 wall mounted dicer unit w/ handle 3 handsinks A variety of stainless pans (6th, 9th, 3rd full, half) 4 large stainless stock pots 4 dishwasher racks 1 silverware rack for dishwasher 1 silverware sort rack stainless sheet pans Miscellaneous storage containers w/ lids 1- 48 inch stainless steel prep tables with bottom shelf slim-jim garbage cans large garbage cans 2 hot plate pots with handles (2 gal) 1 Iced tea machine 1 shadow box/display cabinet Variety of glassware from 12 oz, 9oz and 4oz rocks glasses Variety of mixing glasses 10 oz, 16 oz , 20 oz, 32 mason jar 64oz. beer pitchers Beer towers Rectangular appetizer plates 12 inch large round plates 9 inch small round plates 9" inch square plates 12 inch square plates 12 inch oval plates 8 oz soup cups 10 oz soup bowls Miscellaneous forks/knives/spoons Misc. kitchen utensils

Market Competition and Expansion:

Perfect location off of main road. Surrounded by Air Force Base, residential, and commerce centers.

Reason for Selling:

Relocation

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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