Poor Richard's Downtown

Business Overview:

Poor Richard’s Restaurant, Little Richard’s Toy Store, Rico’s Café and Wine Bar, and Poor Richard’s Books & Gifts operate together as a unique and successful business model in the heart of downtown Colorado Springs. Founded in 1975 by Richard Skorman as a bookstore, the business has grown into a vibrant, award-winning hub for dining, shopping, and community gathering—making it a favorite among locals and a must-visit for tourists. This beloved local destination just celebrated its 50th anniversary, marking five decades of strong community presence with proven performance through many challenging economic conditions! Even with recent market changes, 2025 sales are trending with an over 10% increase from last year! This landmark location generates nearly $4million in annual sales and averages over 600 transactions per day with foot traffic doubling during peak tourist and holiday seasons. Its longevity and continued growth reflect a well-managed operation with a loyal customer base and strong brand recognition. Opportunities for expansion include catering, online retail, premade meals, and increasing retail space. The owners are ready to retire and will provide full transitional support to ensure a smooth handoff. Favorable financing options are available for qualified buyers. Don’t miss this rare chance to acquire a profitable, community-centered business in a premier downtown location! >>

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Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

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