Restaurant And Bar For Sale - Colorado Blvd Denver
Denver, CO Denver County
Seller's Contact Information
- RE: Restaurant And Bar For Sale - Colorado Blvd Denver
- Contact: Bob Steinberger
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $948,637 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $89,751 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 10 | |
| BBN Listing #: | 37748096 | |
| Broker Reference #: | 9032 |
Business Overview:
Currently operating as a fast-casual Currently an Asian concept this Restaurant and Bar for Sale is located in one of the most desirable location in Colorado. Facing Colorado Blvd in an upscale strip center. It could be converted to any concept quickly and inexpensively and comes with a transferable liquor license.
This Restaurant and Bar for Sale in prime location did over $1.1M in sales last year and contributed almost $90,000 is Seller Discretionary Earnings. The current owner is 100% absentee so if Buyer wanted to work as an owner-operator they could easily add another $60,000 to bottom line. In a prime location if features great visibility and signage. It faces Colorado Blvd, one of the busiest streets in the State, not far from Cherry Creek, I-25 and Denver University. It as a fenced-in patio that could seat up to 15 with an additional 68 seats inside. There is a POS system including remote i-pad terminals. There is a sushi bar (or just regular bar) that seats an additional 10. The full hotel and restaurant liquor license if transferable.
The fully equipped commercial kitchen in this Restaurant and Bar for Sale has it all. Including, a 16 foot hood, grease trap, walk-in cooler and freezer, 2-wok station, 6 burner stove, fryer, pasta cooker, rice cooker as well as plenty of hot and cold storage. There are microwaves, ice machine, slicer, meat grinder, a owned dish machine and any other equipment that would support the current concept or any other. Full a complete list of the equipment contact the Restaurant Brokers at We Sell Restaurants.
This Restaurant and Bar for Sale has a good lease is in place for 2 more years with a 5-year option. Rent is $14,456 per month (Hey its Colorado Blvd!) The strip center is clean and well maintained having numerous other food concepts all who seem successful.
Very good books are available to qualified Buyers on this Restaurant and Bar for Sale. This business should qualify for an SBA loan however there is an $150,000 outstanding Economic Impact Development loan taken during COVID that this Colorado Certified Restaurant Broker thinks could be assumable under that right circumstances at a very attractive rate, saving a Buyer tens of thousands of dollars in fees and interest.
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Property Features and Assets:
Patio None of the patio furniture is included in the sale FOH 26 tables 2 booths 32 chairs Misc decor POS system 3 ipads Bev cooler 3 hi chairs 2 stools Bar 2 flat screen tvs 3 door cooler Misc plates and bowls BOH 2 SS sinks 16 foot hood sm griddle lg 2 burner stove 6 burner stove with oven fryer 3 hole wok station pasta cooker 2 door sandwich prep cooler 3 door sandwich prep cooler 2 microwaves flatware and plates ice machine walkin cooler with walkin freezer inside misc trash cans dishmachine SS tri sinks veg prep sink slicer soup warmer rice cooker robot coupe misc pots and pans meat grinder misc shelving
Market Competition and Expansion:
Hours could be expanded and more emphasis on bar
Reason for Selling:
Other
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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