Bring An Offer-Chef's Dream Italian Restaurant, SW Metro Denver

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Asking Price:
$99,000

Gross Revenue:
$689,478
Cash Flow:
$17,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Price reduced. Very motivated Seller. This is a fantastic opportunity if your chef and looking to own and run your own place. Operate 48 hours a week with revenue over $685,000 a year. This fantastic owner-operated Italian restaurant is located in Southwest Metro Denver in a popular mixed-use development supported by office, medical, specialty retail, grocery, and some casual and fast casual restaurants. This popular, well-established homey lunch and dinner restaurant offers quick, upscale Italian fare. The restaurant enjoys consistently strong TripAdvisor and Yelp ratings. At just under 2,000 SF, the space is easy to operate and includes a transferable lease that limits tenant expenses. In business since 2005, the owner is tired and motivated to sell. Restaurant efficiency is suffering due to limited owner involvement, which a new owner can easily resolve to increase cashflow. Prior year cash flow when ownership was more active in the business was $75,000 or more. The sale includes all furniture, fixtures and equipment, the Beer and Wine class liquor license, the transferable lease with a three year option, operating name, recipes and training. Operate “as is” or convert to your own concept for a fraction of the price of a new buildout. Contact Mark Thomas at Sanborn and Company.

About the Business

Location:
Littleton, Colorado
Year Established:
2005
Real Estate:
Leased
Building Sq. Ft.:
1,869
Rent:
$4,750.00 Per Month
Facilities:
1,869 SF space plus a patio, no bar. Seats 50 inside and 30 on the patio.
Market Outlook/
Competition:
Long successful history at the location. Well established in the community even with competition.
Growth & Expansion:
Selectively enhance the menu, change the look and feel of the space interior to reflect new ownership, increase marketing and advertising, expand operating hours.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
Up to two weeks at no charge, during business hours.

Listing Info

ID:
1478582
Ad Detail Views:
671

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$
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Business Listed by

Mark Thomas

Sanborn and Company, Inc. Restaurant Bro
License# FA04003166

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Sponsoring Broker:

Shawn Sanborn
Sanborn and Company
License# 1325420


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