Broker Name:Greg Wills
Broker Email:gwills@touchstonebiz.com
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Colorado Year-Round Resort-Restaurant
(Food and Restaurants, American Restaurants)
Telluride, Colorado
Listed Price: $ 1,430,000
Listing ID: 201834

Listing DetailsGross Revenue: $ 1,445,000
Cash Flow: $ 527,000
FFE: $ 40,000 (Included in Price)
Inventory: $ 20,000 (Included in Price)
Reason for Sale:

Retirement


Training & Support:

Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.


Listing SummaryBusiness Description:

Established in 1995, this is a well-known and very successful restaurant is ideally located at the base of the lifts in a year-round destination resort town in SW Colorado. The restaurant serves moderately priced, appealing lunch and dinner fare, and has an occupancy rate of 130 and counter service.  The restaurant draws year-round business with an active apre ski in the winter and apre mountain bike bar scene in the summer. The customer base is a mix of loyal locals and second homeowners and vacationers. The restaurant also provides catering services.

 

 

This is an established business, in an ideal location, that has produced year-over-year increases in sales and cash flow.  There is a solid long-term crew in place and the equipment and premises have been kept in excellent condition.  Asking price includes approximately $40,000 in FF&E and $20,000 in inventory.


Competition:

Of course, it’s a restaurant. One look at the financials, trend line, layout, menu and equipment and you will know this one has everything dialed in!  


Potential Growth:

The company has been growing each year as is.  However, there are plenty of additional growth opportunities including adding breakfast service, delivery service, grow internet presence and further capitalize on local customer base.


Financing/Terms:

The Seller will entertain offers of varying financial and legal structures.


LocationFacilities:

4000 sq. ft. leased space.  Current lease expires in 2023, renewal options may be negotiated with a lease assignment.


OperationYear Established: 1995
Employees: Owner, 5 FT, 7 PT
Absentee Owner: No