Sold!
Details
| Asking Price: |
$1,950,000 |
| Annual Sales: |
$1,460,000 |
| Cash Flow: |
$396,000 |
| Inventory: | $8,000 |
| FF&E: | Included |
| Real Estate: | $955,000 (Included) |
| Employees: | 1 FT Owner 19 FT |
| Location: | Northern Front Range of Colorado |
| Reason For Sale: | Retirement |
Business Description
More than a Covid survivor, this business has returned as a thriver! The last 7 months of operation have produced the restaurant’s highest historic revenues, with 4 record months on the books.
Day in and day out, year in and year out, this business delivers. It’s not seasonal, nor is it greatly impacted by economic fluctuations. If you are looking for a restaurant opportunity that is stable and offers long-term opportunity, look no further.
Located north of Denver in the rapidly growing Front Range area of Colorado, this business is perfectly situated for continued success. With the high growth projections in the surrounding area, their customer base can only expand. The restaurant even has a transferable liquor license!
This isn’t a celebrity chef kind of place – it’s a solid, no-nonsense establishment. The menu is diverse yet straightforward – focusing on a variety of tasty and wholesome food for breakfast and lunch dining. The facility is just what you’d expect, a generous slice of middle America where people can get comfortable.
The staff is well-trained and capable, emphasizing efficiency, quality and friendliness to support the positive customer experience. The customers come back time and again because they recognize and appreciate that they will get solid value and just the right amount of personal attention.
The best buyers can spot areas of improvement and opportunity (there always are), but will recognize the formula for success that has been established. A great owner will be one who is willing to keep their eye on the details, can create a welcoming atmosphere for the mostly local diners, and would enjoy operating a business that can yield consistent results for years to come.
Here’s the kicker, in addition to the strong business opportunity, the property is packaged into the transaction. At the offered price, ownership can actually cost less per month than if paying market level rent. And over time, that beneficial ratio only gets better as you avoid the inevitable rent escalations.
In today’s lending world, it helps to bring restaurant experience to the table to get the most favorable financing package, but it’s not a requirement for a buyer with transferable management skills and/or solid financial wherewithal. SBA lenders are prepared to fund this business and building package, and have provided competitive lending projections with as low as $200K in buyer funds.
DO NOT DELAY if you are interested in this business. Seller is motivated, lenders are eager, and the business has never been stronger . . . but we expect significant buyer interest for this can’t miss opportunity and intend to move quickly to complete a sale.
Represented by Don Hobbs. Tell me more about this business.