Restaurant Bar for Sale - Owner Financing

Not Disclosed, CO
Pueblo County


Asking Price: Annual Revenue:
$85,000 $400,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Restaurant Bar for Sale - Owner Financing Broker: John Kesterson
License #: FA.100050652

Quick Facts

Asking Price: $85,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 8
BBN Listing #: 12778096
Broker Reference #: 6611

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Business Overview:

Newly remodeled Restaurant Bar for Sale with Entertainment space is yours with 50% down and 50% financing! Approximately 5000 square feet. Seats over 180 guests. Large, fenced outdoor courtyard and the liquor license covers the entire property.

The rent at this restaurant bar for sale is an astonishingly low $8.40 per square foot with total NNN monthly rent at a flat $3,500! This restaurant bar for sale is just off Interstate 25 and has over 20,000 vehicles passing by each day. The newly remodeled interior is absolutely gorgeous! Open floor plan with seating that surrounds a large dance floor and stage area and a beautifully done fireplace that warms the space as well.

The building is historic landmark in the area and was built in 1955. Some of the greatest musicians that have ever lived have played this venue! A patio is in place although the sky is the limit if a new owner chooses to construct a stage for live entertainment. This area would hold hundreds more.

The commercial kitchen at this restaurant bar for sale is fully equipped for any food style. It includes a 10’x10’ walk in cooler, type I exhaust hood with fire suppression and high-end equipment manufacturers such as True, Perlick, Garland and Kenmore. You could cook any type of cuisine imaginable!

Currently the menu of this restaurant bar for sale is heavily based on a barbecue concept. Since the business has only been operating for a few months with limited hours of operation, even a significant menu change will keep the guest coming for the amazing decor and space. All current recipes will transfer with the sale if you retain the current menu.

The space for the restaurant bar for sale is heavily based on a live entertainment venue due to the dance floor and stage area. You could, however, easily change this to any concept. Steak house, sports bar, Italian eatery…anything goes with this newly remodeled restaurant bar for sale!

The owner is willing to stay on for two weeks at no fee to train a new owner. A longer period of time can be negotiated. Significant owner financing will be available to qualified buyers! Up to HALF of the purchase price!

The establishment has only been open for a few months, so no books or tax returns can be provided.

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Property Features and Assets:

Schedule A Fixtures Furniture and Equipment List Brass Saddle 1 36 in round hightop table 3 36 in square hightop tables 14 36 by 48 hightop tables 8 24 by 36 low tables 4 36 by 48 booths 4 36 low tables 10 36 by 48 low tables 88 bar stools chairs 95 dining chairs CresCor food warmer holder Kenmore refrigerator freezer combo True 2 door upright cooler Garland 36 charbroiler Two basket commercial fryer Montague Four burner gas range 36 in flat top griddle 2 oven combo True 3 door reach in sandwich board cooler Four well steamtable warming window unit Bunn 3 burner automatic coffee machine True glass front 1 door bottle cooler True 3 door sliding bottle cooler Two Perlick 2 door sliding bottle cooler 4 Brand New POSiflex POS terminals with cash drawers and printers Digital Dining software installed Miscellaneous shelving units Miscellaneous smallwares

Market Competition and Expansion:

The inside of the space could easily be made into any type of restaurant imaginable. There is a huge outdoor space and the liquor license covers the entire area. Outdoor seating and/or stage could easily be added for outdoor concerts. There is literally no venue like this within 60 miles. Virtually no competition due to the establishments live entertainment possibilities.

Reason for Selling:

Retirement

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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