Established 25+ Years Classic Italian Restaurant

El Jebel, CO
Garfield County


Asking Price: Annual Revenue:
Not Disclosed $630,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Established 25+ Years Classic Italian Restaurant Broker: Charles Spickert, CBI
Owner Financing is Available!
The Seller will entertain offers of varying financial and legal structures.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $630,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 15
BBN Listing #: 490313411
Broker Reference #: 201923

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Business Overview:

Available now -- well-established classic Italian restaurant and bar, which is a destination for locals and visitors, as well as for special events. In business for over 25 years, the reason for sale is retirement. The restaurant offers a comfortable atmosphere for dinner and drinks. With 60 seats inside and 25 seats on the deck, the restaurant is a favorite for family gatherings, events and work parties throughout the year. The owner’s role has been limited. Chef and staff are in place. Below market long-term lease is a major asset. If you are looking for a classic restaurant business with a proven track record, solid cash flow, amazing food and repeat customers, this is for you!

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Property Features and Assets:

This restaurant is located with easy access from a busy highway, occupying 1,346 sf for the bar, dining area and kitchen, plus outside deck and trash facility. The seating capacity is 60 seats inside and 25 seats seasonal outside on the deck. The assignable long-term lease is below market.

Market Competition and Expansion:

Competition: Ideal location, long term staff, affordable prices and excellent reputation differentiate this restaurant from others in town. Growth and Expansion: A new owner could add breakfast and/or lunch service, as well as expand catering and bookings for private groups or special events.

Reason for Selling:

Retirement

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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