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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Upscale, Market Dominating Restaurant
(Restaurants and Bars, Italian Restaurants)
Garfield County, Colorado
Listed Price: $ 495,000
Listing ID: 201928

Listing DetailsGross Revenue: $ 900,000
Cash Flow: $ 165,000
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!


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