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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Sustainable Roaring Fork Valley Restaurant
(Restaurants and Bars, Italian Restaurants)
Garfield County, Colorado
Listed Price: $ 325,000
Listing ID: 201928

Listing DetailsGross Revenue: $ 872,000
Cash Flow: $ 160,000
FFE: $ 50,000 (Included in Price)
Real Estate: $ 775,000
Inventory: $ 15,000 (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 restaurant that specializes in a diverse menu of European flavors and flair, locally sourced products, and hand-selected wines and spirits.  Strong following from the Aspen and local community (with catering and delivery throughout COVID-19 lockdown) and high visibility coveted location with outside seasonal dining creates consistent demand.  This is a well-run business with sustainable profit opportunities for a chef, manager, couple or investor.  Control occupancy costs long-term by separately purchasing the real estate with historically low interest rates; and business will pay-off an appreciating asset for a new owner. RE loan payments would be about the same as paying rent.


Competition:

This restaurant has consistent demand based upon its center of main street location and reputation for skillfully developed food and wine concepts and customer service.  There are no chain restaurants in this community-oriented, environmentally conscious, recreation oriented town. 


Potential Growth:

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


Financing/Terms:

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


LocationFacilities:

Downtown core main street street location with excellent outside seating and pedestrian traffic.  Right-sized for its market, the 1500 sf building supports 55 seats inside with additional seasonal outside seating, a full kitchen and basement storage. 


OperationYear Established: 2012
Employees: 14
Absentee Owner: No