Price Greatly Reduced! Profitable Restaurant Bar

Limon, CO
Lincoln County

Denver Metro Area


Asking Price: Annual Revenue:
$489,000 $788,416

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Price Greatly Reduced! Profitable Restaurant Bar Broker: Bob Steinberger

Quick Facts

Asking Price: $489,000
Annual Revenue: $788,416
Net Profit: Not Disclosed
Cash Flow: $194,489
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1973
Employees: 14
BBN Listing #: 38048096
Broker Reference #: 7634

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Business Overview:

Buy this highly profitable restaurant bar for sale just one hour outside of the Denver Metro area with real estate Included! Earnings of over $127,000 on the books for owner operator! We Sell Restaurants Broker Bob Steinberger says "This is, by far, the best deal available", in his portfolio. LENDING NOW AVAILABLE! This beautifully kept restaurant bar for sale including real estate, has 4225 inside square feet, an additional 500 square foot covered patio and a huge sanded outside recreation area for live bands, horseshoes, volleyball, corn hole or any other outside activity you could imagine! It is located in a retail and residential district inside the city limits with great access, signage (including a digital sign) and parking. Gross sales in 2019 were over $714,000 and discretionary earnings for an owner operator were $127,000! Bring 20% down and this will finance over twenty years with SBA lenders meaning your payment is under $4500 a month! Picture it! Make a great living and work in a relatively small, friendly community with a cost of living about 60% what it is in Denver, with the convenience of a city with over 3 million people just an hour away! All that, while paying for a tremendous asset that will be yours until retirement. Don't throw money away on rent or deal with an unreasonable landlord! This restaurant bar for sale delivers a great lifestyle. The business alone is almost worth the sale's price. A buyer, in effect, is getting the real estate nearly for free! The interior of this restaurant bar for sale is tastefully outfitted. With a number of recent upgrades to the front of the house it has an open and inviting floor plan so all your guests feel as if they're part of the action! The large, full-service drink service area boasts an intricate hardwood back-bar from the early 1800's which was salvaged and refinished for this location. With table, booth and bar seating, a pool table (owned) and gaming room, very well done fixtures, interesting artifacts and a number of flat-panel HD televisions throughout, this restaurant bar for sale is welcoming for families with children, a great place to meet with friends to watch sporting events and even late-night live entertainment! Great reputation with the locals and great online reviews. The kitchen is fully equipped and literally has it all! It boasts a 14'x8' walk in cooler, an additional 8'x8' walk in cooler, a 10'x8' walk in freezer, Type II exhaust hood with fire suppression, Baker's Pride pizza oven and many other pieces of hot-side and cold-side equipment with manufacturers such as True, Hobart, Pitco and Manitowoc. It even has a broaster and they are famous for their broasted chicken. The kitchen is large and functional with ample storage space as well at this restaurant bar for sale offered by We Sell Restaurants. There is also a full line of off-premise catering equipment. This restaurant bar for sale has an extensive menu to include classic dishes like hand-breaded chicken fried steak, New York strip steak, prime rib, an array of sandwiches and burgers, appetizers, pizza and calzones, broasted chicken and even a fresh salad bar! There is literally something for everyone's tastes with all items prepared from scratch by a loyal kitchen staff which has been in place for many years. All recipes will transfer with the sale as well. The current owner/operator works from 20 to 40 hours a week depending on time of year and staffing. The team is steady and well trained. The owner of this restaurant bar for sale will provide one month of complimentary training to ensure the buyer has a successful transition. Additional training can be negotiated as well. Being family owned and operated for so many years, the sellers want to do everything in their power to set up any new buyer for success. A professionally done website and Facebook page come with the deal. Don't miss out on this unique opportunity! Being that the sellers will be relocating after the sale, they will also be putting their home on the market. Single-family homes are in very high demand in the area. This 2800 square foot single story home has 4 bedrooms, 2 bathrooms, living room, family room, kitchen, 2 car garage, enclosed patio, natural gas heating and air conditioning all on 1/3rd of an acre with city utilities simply an option for a new buyer moving into the community. This home is not included in the purchase price of the business however the restaurant bar for sale, parking lot and associated real estate is! This restaurant can be obtained with a line of credit offered by our preferred partners. An unsecured line of credit can be obtained from $20,000 to $200,000. Click here for more information or direct connection to our lending resources.

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Property Features and Assets:

Bakers Pride 2 row pizza oven Hobart convection oven Alto Sham steam pot True 2 door refrigerator 2 Amana commercial microwave ovens Broaster Anets dough roller Hamilton beach microwave Wells heating drawer Hobart 2 door refrigerator True 2 door freezer Manitowoc ice machine Imperial 4 burner grill Pitco deep fryer Imperial oven flattop 2 burner stove Mr Winter 8x8 walk in cooler Hobart meat slicer Sanitary meat grinder Hotpoint washer/dryer Tyler 14x8 walk in cooler Tyler 8x10 walk in freezer Valley pool table Beverage Air glass chiller LaCrosse 3 bin beer cooler Vissani bottle refrigerator Everest keg cooler (2 -½ barrels/2 -1/3 barrels) True beer cooler 4 flat panel HD televisions First Data POS system (3 terminals, one cash drawer, 3 printers) Miscellaneous catering supplies serving 200ppl Miscellaneous storage shelves, stainless tables Full security system Miscellaneous fixtures throughout FOH Office desk/filing cabinet/BO PC unit 48 chairs 36 tables 41 barstools 10 seating booths

Market Competition and Expansion:

Only one other direct competitor in the area! Family owned and operated since 1973! Located in the most populous municipality in the County. Only one hour commute to the Denver Metro area. New $3M school built recently. Three US highways, two state highways and an Interstate highway pass directly through town.

Reason for Selling:

Relocation

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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