Business Overview:
Iconic, live music venue, roadhouse and bar for sale in Wheat Ridge, Colorado. Includes valuable real estate! Financing Available!
This live music bar for sale and restaurant has been in business for over 50 years with only two owners. The current owner has operated it profitably for the last 22 years. It is located on a busy street very close to one of the busiest intersections in town. It features great signage, visibility and parking. There is a small one-bedroom apartment that contributes $1,000/month to owner’s discretionary income included in the deal. The building is approximately 5,000 square feet and lies on 0.59 acres of prime real estate. The real estate in this deal has been appraised at above the asking price meaning the business is something of a ''throw in''. We Sell Restaurants is proud to present this opportunity! Call Today!
This live music venue has it all. A large stage with a professional sound and lighting system, amplifiers and sound board. There is a large wooded dance floor directly in front of the stage. The indoor bar area seats about 190, with 14 more seats at the bar for sale. There is also a large game room with four pool tables and game machines plus a nice, secluded patio that seats approximately 30 more guests. All of the game machines, pool tables, juke box, etc. are owned by the Seller and will be the property of the new Buyer. No split with a vending operator. Game machines and pool alone contribute another $800 - $1,000 per month in income. The bar for sale has 12 taps plus a large bottle reach-in cooler and a walk-in cooler dedicated to the draft system. The house liquors are on an automatic pour system dispenser that offers the manager total inventory control over most of the liquor being ''poured''. 13 flat screen TVs are located throughout the bar and even on the outdoor patio featuring sporting events and possibly future pay-per-view events.
The kitchen is small but will support any ''bar type'' menu with an ice machine, two-eyed burner, quesadilla press, small grill, fryer and microwave at this bar for sale. Plenty of hot and cold storage is available. In fact, there is a 2nd walk-in cooler for non-keg storage. There is also an office and plenty of secure (locking) storage. Everything is included making this a turnkey, ready-for-a-new owner venture.
The current operator is 75 years old, just closed his law practice and is looking to retire. He has run the bar for sale, sort of as hobby for years. It is currently doing about $375,000 in sales per year but the only thing he has going is karaoke 2 nights a week. If a new owner started live music, poker, pay-per-view and TV sports packages they could easily increase sales to $750,000 or more the first year. Some marketing on top of that and the sky is the limit.
Since there is real estate involved, this bar for sale and property should qualify for SBA and conventional financing with one of We Sell Restaurant preferred lenders or your own bank. The Seller will consider financing some of the down payment to qualified Buyer.
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Property Features and Assets:
BOH
ice machine
two eye burner
drop in freezer
pannini press
SS 3 comp sink
SS hand sink
sm grill
fryer
reach in cooler
microwave
Bar and bar area
Stage sound and lighting system
mixing board and amp
12 flat screen tvs
2 walk in coolers
juke box
POS system
three door drop in beer bottle cooler
ss tri sinks
ice bin
4 pool tables
misc pool equipment
tap beer system
foozball table
misc game machines
misc tables chairs and bar stools
Patio
flat screen tv
music system
picnic table
3 4 top tables
2 umbrellas
Office
Office computer
shredder
camera system
printer
Market Competition and Expansion:
Only entertainment current owner does is karaoke two nights a week. It leaves plenty of room for more, better quality entertainment and other sales driving activities. It is a large facility that could cater parties and other large events.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is not 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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