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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Roaring Fork Valley Restaurant Real Estate & Business
(Restaurants and Bars, Italian Restaurants)
Garfield County, Colorado
Listed Price: $ 1,100,000
Listing ID: 201928

Listing DetailsGross Revenue: $ 800,000
Cash Flow: $ 180,000
FFE: $ 50,000 (Included in Price)
Real Estate: $ 790,000 (Included in Price)
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, including locally sourced products, hand-selected wines and spirits and family-friendly environment.  Strong following from the local community (with delivery throughout COVID-19 lockdown) and high visibility coveted location creates consistent demand.  This is a well-run business with return opportunities for a chef, manager, couple or investor.  Purchase of the real estate and business will create an appreciating asset for a new owner and control of occupancy expenses over the long-term, which is a key to sustainability.  


Competition:

This restaurant has a strong reputation and consistent demand with its skillfully developed food and wine concepts and customer service.  Currently open for dinner only, lunch and/or brunch could be considered in the future.


Potential Growth:

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:

Downtown core main street street location with excellent outside seating and pedestrian traffic.  Right-sized for its market, the 1500 sf/55 seats with seasonal outside seating building has development options.  


OperationYear Established: 2012
Employees: 14
Absentee Owner: No