SOLD!

Details

Colorado Mountain Restaurant For Sale

Asking Price:
 $1,895,000
Annual Sales:
 $2,500,000
Cash Flow:
 $650,000
Inventory: $8,000
FF&E: $100,000
Real Estate: Lease
Employees: 1 FTE Owner
18 FT / 17 PT
Location: Colorado Mountain Resort
Reason For Sale: Other Business Interests

 

Business Description

Popular Restaurant in Colorado Mountain Resort Community – This business is an “Institution” in the community; has excellent Word of Mouth (WOM) and client reviews; and has a multi-generational repeat clientele. Simple and creative menu format reflects the culture of the community and is loved by locals and visitors alike.

The business has been growing 23%, 7% and 4% in 2017 – 2019 respectively, with room for continued growth! Excellent opportunity for a marketing, management, and operational professional to add simple updates while keeping the staff, menu, and culture in place! Leasehold Improvements are extensive, professional, and clean.

This business has excellent customer reviews. The loyal staff have worked there for many years, so the team is a “well oiled machine.” The business financial statements are professional and well organized with very documentable Earnings. Business Earnings are consistently performing at 27% – 28% of Revenue and Top of Industry! 2021 Revenue and Profits are up/over 2019! Sellers prefer an active Owner-Operator buyer, who wants to be a part of the business “family” and community.

Owner operates this business alongside a talented team of employees (Owner is Front of House). Buyer does not need restaurant experience, although marketing, management, and finance skills will be helpful. Buyer should bring a minimum of $300,000 in down-payment (cash or retirement funds/ROBS) along with approximately $50,000 in Working Capital. SBA Financing available at approximately 75%- 80% of Sale Price (10yrs, 5.5%). This is a fun, social and active business to own and operate – immersed in the local culture with an excellent employee team!

This is a solid business with growing performance and a seasoned brand. Act quickly!

Represented by Thom Beckett. 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.