Broker Name:Charles Spickert, CBI
Broker Email:cspickert@touchstonebiz.com
Broker Phone:(303) 278-7501
Broker Address:P.O. Box 4858 Basalt, CO 81621
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Popular Main Street Italian Restaurant & Bar
(Restaurants and Bars, Italian Restaurants)
Garfield County, Colorado
Listed Price: $ 475,000
Listing ID: 201928

Listing DetailsGross Revenue: $ 873,000
Cash Flow: $ 132,000
FFE: $ 50,000 (Included in Price)
Inventory: $ 17,000 (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:

Full service elevated dining concept restaurant that specializes in locally-sourced products, hand-selected wines and spirits and family-friendly environment.  Strong following from the local community and high visibility coveted location creates consistent demand.  This is a well-run business with excellent cash flow and return opportunities for a chef, manager, couple or investor.  The real estate, which may be leased or purchased, has development opportunities itself separate from the restaurant business.  This one is not to be missed!

 

The asking price is $1.1M for the business and real estate or $475,000 for the business only.


Competition:

This restaurant dominates its market with its skillfully developed locally-sourced elevated food and wine concepts and customer service.  Currently open for dinner only, reservations are a must on most nights.


Potential Growth:

Huge growth potential for a new ambitious owner through adding breakfast/lunch, staying open 7 days/week and/or expanding catering and special events – or keep the same and grow organically!


Financing/Terms:

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


LocationFacilities:

Sunny main street location with excellent sidewalk and drive-by traffic, 1500 sf/55 seats with seasonal outside seating.  Real estate is owned by the sellers, which may be purchased separately or a long-term lease will be offered.


OperationYear Established: 2012
Employees: 14
Absentee Owner: No