Poor Richard's Downtown
Colorado Springs, CO El Paso County
Colorado Springs
Request More Information Contact the Seller
- RE: Poor Richard's Downtown
- Contact: Rob Amerine
Quick Facts
| Asking Price: | Not Disclosed | |
| Annual Revenue: | $3,753,734 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $185,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 47 | |
| BBN Listing #: | 994076 | |
| Broker Reference #: | 1424 |
Business Overview:
Poor Richard’s Books & Gifts, Poor Richard’s Restaurant, Little Richard’s Toy Store, and Rico’s Café & Wine Bar operate together as a unique and successful business model in the heart of downtown Colorado Springs. Poor Richard’s Books & Gifts is the 2nd largest independent bookstore in the state, further reinforcing its reputation as a cultural and commercial anchor in the community. 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 25% more than last year and growing. This July, sales were 29% over last July! This landmark location generates nearly $4 million in annual sales with over 10% net margins 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!
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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