BASALT, Colorado
| Asking Price |
$245,000 |
Year Established |
1995 |
|
| Annual Revenue |
$846,275 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
Charles Spickert, |
|
| Annual Cash Flow |
$184,498 |
Listing Number |
509579 |
|
| # of Employees |
5 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Opportunity to own one of the most well-known and longest running bars in town, with a rich history and loyal clientele! Pool tables, arcade games, big screen TV’s and kitchen with pizza oven. Sales in 2023 grew 60% over 2022 and are double 2021. If you are looking for a streamlined operation where you do not need to re-invent the wheel, and a business with strong local support, this could be the best deal you find. Potential buyers will be asked to complete buyer registration, sign a non-disclosure, interview with broker and provide evidence of the resources to complete a transaction of this size before additional confidential information will be provided.
Property Features and Assets:
<p>3,335 sf of leased space (new lease with renewal options began January 1, 2024) with signage visible from busy Highway 82.</p>
Market Competition and Expansion:
<p><strong>Competition:</strong> Location with little competition, other restaurants, have bar seating, but no other local sports bar with pool tables and pub menu.</p>
<p> </p>
<p><strong>Growth and Expansion:</strong> Growth could come from expanding social media advertising, adding more live music events, being open for lunch and/or doing more outside catering.</p>
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