Monument Colorado Restaurant for Sale

Monument, CO
El Paso County

Asking Price: Annual Revenue:
$24,900 $700,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Monument Colorado Restaurant for Sale Broker: Bob Steinberger

Quick Facts

Asking Price: $24,900
Annual Revenue: $700,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 12
BBN Listing #: 78838096
Broker Reference #: 7780

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Business Overview:

Two years ago, your Colorado Certified Restaurant Broker sold this restaurant for sale to a young, up-and-coming restaurant operator. In those two years he has been so successful at this location, he is now moving his operation down the street to a location more than THREE TIMES the size of the current location! It’s a great opportunity for another eager operator to take over his old space, with your own concept and be equally as successful!

Located in booming Monument, Colorado and visible from I-25 it is located in the Safeway Parking lot with easy access, signage opportunity and plenty of parking. I believe all concepts would be welcomed by the landlord except Pho as there is already a restaurant of that type a few doors down so bring em on! The restaurant for sale space would convert easily to BBQ, Asian or other ethnic, sandwich, bagel or bakery, pizza or any quick casual concept. The 1,700 square foot space seats 80 in a well-lit dining room. The kitchen has a 14 foot hood, fryer, stove with oven, sandwich prep cooler, walk-in cooler and freezer as well as a dish machine that is owned, not leased.

This Seller of this restaurant for sale is motivated as he closes on the new location soon and does not want to be paying for two separate occupancy costs. He needs someone to come in and take over a pretty desirable lease so not only do you have to have the funds to purchase but you will have to qualify with the landlord also. Rent is reasonable at $5,284 per month all included. The current lease is good through December of 2022 and there are two, five-year options. Security deposit is $7,500, and the Buyer will be responsible for the $800 lease assignment fee. Contact We Sell Restaurants for more information on the lease.

Please note, the Seller of this restaurant for sale is taking anything "brand related" with him. This includes, but is not limited to signage, decor, the POS system, menu, recipes, website page, Tradename, liquor license, plate and glassware, inventory and some fixtures, furniture and equipment with him. There will be a lot left behind and depending on an offer more could be added but you are not buying his concept. You will need to bring your own.

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Property Features and Assets:

Please note that technically the landlord owns at the remaining fixtures, furniture and equipment but it is the lessors to use for no additional cost for the term of the lease. Your Broker will provide you with a complete list of what is staying.

Market Competition and Expansion:

Since is it a main exit off I-25 there is a lot of other fast food around but the space is a proven money maker for the right concepts. Lots of traffic! Both previous operators were extremely successful. The space is a proved profit driver. Last operator did around $700,000 in 2019 and made six figures.

Reason for Selling:

New Location

Additional Details:

  • The property is leased.
  • The owner is not 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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