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Price Significantly Reduced! Must Sell! Profitable Restaurant Bar Fo

Lincoln County, CO

We Sell Restaurants - Colorado Restaurant Brokers
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Asking Price: $525,000

Cash Flow: $182,540

Gross Revenue: $694,813

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,999.75 /Month

Established: 1973

Price Significantly Reduced! Must Sell! Profitable Restaurant Bar Fo

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Business Description

Just one hour outside of the Denver Metro area!

Buy this highly profitable restaurant bar for sale just one hour outside of the Denver Metro area with real estate Included! Earnings of over $194,000 on the books for owner operator! Yes! Lending available.
This beautifully kept restaurant bar for sale has 4225 inside square feet, an additional 500 square foot covered patio and a huge sanded outside recreation area for horseshoes, volleyball or any other outside activity you could imagine! It is located in a retail and residential district inside the city limits with ample paved parking.
Gross sales in 2018 were over $788,000 and discretionary earnings for an owner operator were $195,000! Bring 20% down and this will finance over twenty years with SBA lenders meaning your payment is under $4500 a month! Picture it! Make a great living and work in a relatively small, friendly community with the convenience of a city with over 3 million people just an hour away! All that, while paying for a tremendous asset that will be yours until retirement. Don't throw money away on rent or deal with an unreasonable landlord! This restaurant bar for sale delivers a great lifestyle.
The interior of this restaurant bar for sale is tastefully outfitted. With a number of recent upgrades to the front of the house it has an open and inviting floor plan so all your guests feel as if they're part of the action! The large, full-service drink service area boasts an intricate hardwood back-bar from the early 1800's which was salvaged and refinished for this location. With table, booth and bar seating, a pool table and gaming room, very well done fixtures, interesting artifacts and a number of flat-panel HD televisions throughout, this restaurant bar for sale is welcoming for families with children, a great place to meet with friends to watch sporting events and even late-night live entertainment!
The kitchen is fully equipped and literally has it all! It boasts a 14'x8' walk in cooler, an additional 8'x8' walk in cooler, a 10'x8' walk in freezer, Type II exhaust hood with fire suppression, Baker's Pride pizza oven and many other pieces of hot-side and cold-side equipment with manufacturers such as True, Hobart, Pitco and Manitowoc. The kitchen is large and functional with ample storage space as well at this restaurant bar for sale offered by We Sell Restaurants.
This restaurant bar for sale has an extensive menu to include classic dishes like hand-breaded chicken fried steak, New York strip steak, prime rib, an array of sandwiches and burgers, appetizers, pizza and calzones, broasted chicken and even a fresh salad bar! There is literally something for everyone's tastes with all items prepared from scratch by a loyal kitchen staff which has been in place for many years. All recipes will transfer with the sale as well.
The owner will provide one month of complimentary training to ensure the buyer has a successful transition. Additional training can be negotiated as well. Being family owned and operated for so many years, the sellers want to do everything in their power to set up any new buyer for success.
Being that the sellers will be relocating after the sale, they will also be putting their home on the market. Single-family homes are in very high demand in the area. This 2800 square foot single story home has 4 bedrooms, 2 bathrooms, living room, family room, kitchen, 2 car garage, enclosed patio, natural gas heating and air conditioning all on 1/3rd of an acre with city utilities simply an option for a new buyer moving into the community.

Detailed Information

Location:
Lincoln County, CO
Real Estate:
Leased
Building SF:
4,225
Lease Expiration:
N/A
Employees:
14
Facilities:
Bakers Pride 2 row pizza oven Hobart convection oven Alto Sham steam pot True 2 door refrigerator 2 Amana commercial microwave ovens Broaster Anets dough roller Hamilton beach microwave Wells heating drawer Hobart 2 door refrigerator True 2 door freezer Manitowoc ice machine Imperial 4 burner grill Pitco deep fryer Imperial oven flattop 2 burner stove Mr Winter 8x8 walk in cooler Hobart meat slicer Sanitary meat grinder Hotpoint washer dryer Tyler 14x8 walk in cooler Tyler 8x10 walk in freezer Valley pool table Beverage Air glass chiller LaCrosse 3 bin beer cooler Vissani bottle refrigerator Everest keg cooler 2 - barrels 2 -1 3 barrels True beer cooler 4 flat panel HD televisions First Data POS system 3 terminals one cash drawer 3 printers Miscellaneous catering supplies serving 200ppl Miscellaneous storage shelves stainless tables Full security system Miscellaneous fixtures throughout FOH Office desk filing cabinet BO PC unit 48 chairs 36 tables 41 barstools 10 seating booths
Competition:
Only one other direct competitor in the area Family owned and operated since 1973
Growth & Expansion:
Located in the most populous municipality in the County Only one hour commute to the Denver Metro area New 3M school built recently Three US highways two state highways and an Interstate highway pass directly through town
Support & Training:
1 month complimentary
Reason for Selling:
Relocation
Business Website:
http://www.wesellrestaurants.com
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John Kesterson

Business Listed By:
John Kesterson

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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