Business For Sale

Pizzeria for Sale with Bar in El Paso

Not Disclosed, CO
El Paso County


Asking Price: Annual Revenue:
$199,000 $505,101

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Pizzeria for Sale with Bar in El Paso Broker: Bob Steinberger
License #: FA.100044255

Quick Facts

Asking Price: $199,000
Annual Revenue: $505,101
Net Profit: Not Disclosed
Cash Flow: $94,767
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 14
BBN Listing #: 40508096
Broker Reference #: 6339

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Business Overview:

Pizzeria and bar for sale nearby Colorado Springs features area’s only on-premise liquor license. Strong earnings and unmatched occupancy costs at just 4% of sales. Earnings of nearly six figures. Opportunity for lending – EITHER SBA with 25% down or potential for seller financing with 50% down.

Serving pizza, wings, sandwiches, beer and drinks to loyal locals and tourists alike, this bar for sale has it all. Rent is unheard of at $1500 per month on the main drag of an important east/west highway through Colorado. Great visibility, signage, access and parking. This business, offered by We Sell Restaurants, features the only on-premise liquor license in the community. Located in the end cap of a strip center, it has about 2,200 square feet indoors and an additional approximately 1,500 square feet of enclosed patio space.

This bar for sale has a horseshoe shaped service area that seats 12. There are 55 seats in the dining room with both booth and table seating. This bar for sale is tastefully decorated with a local flair and has multiple flat screen TVs for sporting events.

In an industry where 9-12% occupancy cost is desirable this deal offers under 4%! Current volume at this bar for sale is well over half a million dollars with earnings for an owner operator approaching six figures.

Although currently doing very well, this bar for sale has massive upside. The current owners are dealing with an illness in the family. They are closed Tuesdays and Wednesdays and only open for lunch on weekends. Expand hours and add another $100,000 - $200,000 in sales. The business would easily support a pizza delivery program to increase sales and profits even more. The current staff has the owner / operator and about 12 team members. The Owners will stay on with any new Buyer for a period of time to train and insure a smooth transition.

The fully equipped commercial kitchen of this bar for sale has a large walk-in cooler with a glycol system to deliver cold beer. There are two separate kitchen areas. The first services the bulk of the menu - sandwiches, salads, appetizers and entrees. It has a griddle, a small grill, 2 fryers [with a 3rd one available in reserve] and plenty of hot and cold storage. The second kitchen area is designated for pizza production and has a 2 door pizza oven, a dough mixer, slicer, ice machine and a refrigerated pizza prep station. There is also a sliding door dishwasher that is owned, not leased.

With 25% down this business should qualify for SBA and/or Conventional financing. The Seller would consider financing a qualified buyer with 50% down or more down. This is a great, low risk opportunity for a first time buyer, a husband and wife combination or a seasoned restaurant vet.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Rooster’s Equipment List Patio Picnic table Misc. outdoor seating Ashtray Dining room 12 bar stools 6 full booths 3 half booths 6 hi-top tables 20 bar stools 7 chairs 4 flat screen TVs SS tri sink 2 door keg cooler Drop in beer fridge POS system – 1 terminal SS hand sink Music system BOH 4 eye burner with stove 36’’ flattop grill Sm grill 2 fryers Reach-in cooler SS table Dishwasher Veg sink Misc. shelving Misc. food utensils Misc. pots and pans Camera system Safe Copy/fax/scanner SS hand sink 2 door pizza oven Mixer Pizza prep cooler Dough press SS table Mixer Slicer 2 A/C portable units Ice machine Extra fryer

Market Competition and Expansion:

This business has never done delivery. Also just recently contracted hours. Patio is never used and not maintained. Lots of upside with this one!

Reason for Selling:

Health.

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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