Exceptional Restaurant Conversion Opportunity #2054

Details

Restaurant For Sale

Asking Price:
$450,000
Annual Sales:
$1,400,000
Cash Flow:
TBD
Inventory: Not Included
FF&E: $950,000*
Real Estate: N/A
Employees: 1 PT Owner
20 FT/PT
Location: Denver
Reason For Sale: Other Business Interests
*Included ** Not Included

 

Business Description

The owner of this fine dining establishment has decided to relocate to a smaller footprint. This will create a unique opportunity for a restaurant ownership group to bring its own concept to this 5,200 square foot, 86 seat location in one of the hottest areas in Denver. The owner has invested more than $1.4M into building and tenant improvements, including fixed assets of $950K. Current lease options run through 2022 at a lease rate more than 50% below market. The restaurant has a full liquor license.

In addition to the main dining facility, there is outside patio seating for up to 32 customers. The restaurant has an open kitchen design, with separate prep kitchen and dish pit, and occupies 850+ square feet. There is an extra-large shared storage facility in the basement that is included in the lease. The rooftop of the building has 1,000 square feet set aside for a vegetable and herb garden.

There is rooftop parking for approximately 10 cars, and on street parking is free for 2 hours on the side streets. There is also metered parking until 6pm and then it’s free, and there are paid lots in the neighborhood.

More than 2,000 new apartments and condo units have been built within a 3-mile radius of the restaurant in the last 36 months.

Food and liquor inventory, business name, and other intellectual property are excluded from the sale.

Represented by Matt Williams. Tell me more about this business.


Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.

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