Popular, Profitable Downtown Boulder Restaurant #1713

Details

Beer Glass And Restaurant

Asking Price:
$1,100,000
Annual Sales:
$2,250,000
Cash Flow:
$380,000
Inventory: $25,000*
FF&E: $50,000*
Real Estate: Lease
Employees: 1 FT Owners
25 FT & PT
Location: Boulder
Reason For Sale: Other Business Interests
*Included ** Not Included

 

Business Description

This is your chance to take over the reins of an excellent concept in “America’s Foodiest Town” per Bon Appetit. This 5 year-old restaurant in the heart of downtown Boulder, Colorado, is a perfect match for the upscale, energetic, cosmopolitan demographic it serves. The restaurant was developed with a complete floor to ceiling renovation, and all of the FF&E and leasehold improvements are included.

Boulder’s per capita spending on dining out and entertainment is off the charts. This restaurant offers an experience unlike any other in town with its unique menu, strong beverage program, private party support, and entertainment. Customers rave about the food, drinks, service, and ambiance!

The location is excellent, with an assignable lease that has 5 years remaining on the initial term, plus an additional 5 year option. In addition to its indoor dining, a front patio offers outdoor dining in Boulder’s over 300 days of sunshine.

The restaurant features a fully equipped commercial kitchen with complete refrigeration and cooking equipment capable of supporting increased sales. Alcohol sales are a significant part of the business profits.

The current staff is highly trained and eager to continue on with new owners. Operations are well-documented for a turnkey entry.

The business is financially solid, with annual SDE of $380,000 (2016-2017 average) on annual sales of $2,250,000 (2016-2017 average).

Contact us today for more information!

Represented by Don Hobbs. 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.
2018-05-14T10:50:29+00:00May 11th, 2018|Businesses For Sale|