Colorado Springs Bar for Sale with Live Music Venue - Excellent Rent!

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Colorado Springs Bar for Sale and Live Music Venue.
Asking Price:
$69,000

Gross Revenue:
$300,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

PRICE RECENTLY REDUCED! Buy this Colorado Springs Sports Bar for Sale and Live Music Venue and get ready to ''Rock and Roll all Night and Party Every Day'' while you are counting your money for this low risk / high upside business.
This bar for sale is located just off a main east / west thoroughfare in Colorado Springs near downtown, this sports live music venue is ready for a new owner to take it to the next level. The bar for sale by We Sell Restaurants features good signage, visibility and parking. It has an outdoor patio and a small dining room area separate from the main bar and stage area that is works well for families and kids.
The fully equipped commercial kitchen complete with hood system with fire suppression, plenty of hot and cold storage and a grease trap would support nearly any menu. There is an abundance of extra space as there is a full-size basement that runs the entire length of the space.
Two separate stages accentuated by a state-of-the-art $28,000 sound and lighting system are included in the bar for sale opportunity. There is even a ''green room'' or VIP area adjacent to the stage. The horseshoe shaped area for drink services seats about 12 and the space has pool tables that are owned - not leased. The main room has capacity for about 120 people. There is an extensive camera and alarm system to protect your interest in this bar for sale. .
The real value on this bar for sale deal is the one-of-a-kind lease. You get about 4000 square feet for only $3200 per month. Wait for it, because it gets better! That price includes all common area charges, all water, gas, trash and most of the electricity. Only a small amount of the total space is metered and billed to the lessee. Total utility bills run about $200 per month.
For the size of the space this is the best occupancy deal your Certified Restaurant Broker has seen. With a total occupancy cost of under $3000 per month your break even sales number is only about $4000 per week and there is no reason a new owner could not do 4-5 times that amount and make themselves a ton of money in the process.
This bar for sale business is currently profitable but the Seller wants to keep the Tradename, signage, web pages, recipes and current concept so a new owner will simply have to rename and ''re-brand'' the concept to their own special whims.
The Seller will sign a non-compete agreement that works for both parties. However, since it is the location and assets for sale and not the business there are no past financials available for this deal and prospective Buyers will have to be comfortable with that.

About the Business

Year Established:
2008
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$3,200.00 Per Month
Lease Expiration:
10/31/2021
Facilities:
1 1 3 Pan full 1 2 1 3 Pan half Kitchen 11 3 1 4 Pan full Kitchen 8 4 1 4 Pan full Kitchen 4 5 1 4 Pan half 1 3 Kitchen 7 6 1 2 Pan full Kitchen 3 7 1 2 Pan half Kitchen 10 8 1 2 Pan 1 3 Kitchen 7 9 1 8 Pan Kitchen 3 10 24 QT Pan Kitchen 1 11 30 QT Pan Kitchen 1 12 40 QT Kitchen 1 13 60 QT Kitchen 1 14 Cutting Board Kitchen 7 15 Colanders Kitchen 4 16 Mixing Bowls Kitchen 4 17 Rice Pot Kitchen 1 18 Condiement Bottles Kitchen 15 19 Condiement Tray s Kitchen 7 20 Large Condiement Bottles Kitchen 4 21 Chz Shreopers Kitchen 2 22 Baking Tray s Kitchen 4 23 Condiement Holder Kitchen 1 24 Mixer Bottom Kitchen 1 25 Mixer Top s Kitchen 2 26 Bowls Sm Kitchen 7 27 Potatoe Masher Kitchen 1 28 Kettle Tops Kitchen 4 29 Baking Pan Tops Kitchen 4 30 Plastic Bowls Lg Kitchen 3 31 Chip Bowl Kitchen 1 32 Lg Skillets Kitchen 4 33 Med Skillets Kitchen 7 34 Sm Skillets Kitchen 7 35 18 QT Plastic Kitchen 3 36 20 QT Plastic Kitchen 1 37 4 QT Plastic Kitchen 4 38 6 QT Plastic Kitchen 6 39 12 QT Plastic Kitchen 1 40 2 QT Plastic Kitchen 4 41 4 QT Pitchers Kitchen 2 42 Plastic 1 2 Pan Kitchen 4 43 Plastic 1 3 Pan Kitchen 1 44 Rice Pan Top Kitchen 1 45 Plastic Tops Kitchen 11 46 1 3 Tops Steel Plastic Kitchen 16 3 47 1 2 Tops Steel Plastic Kitchen 9 2 48 1 4 Tops Steel Plastic Kitchen 10 6 49 1 8 Tops Steel Plastic Kitchen 2 2 50 Stove Top Pans Kitchen 8 51 Microwave Oven Kitchen 1 52 Tooster Oven Kitchen 1 53 Flame Grill Kitchen 1 54 4 Top Baner Kitchen 1 55 Flat Grill Kitchen 1 56 Deep Fryer Kitchen 1 57 Ovens Kitchen 2 58 Top Steamer Kitchen 3 59 Stand Up Freezer Kitchen 1 60 Dish Tray s Kitchen 5 61 Prep Table Freezer Kitchen 1 62 Condiement Refrigerator Kitchen 1 63 3 Door Cooler Kitchen 1 64 Prep Table Kitchen 1 65 Table Kitchen 1 66 2 Racks Kitchen 1 67 Wash Table K
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Great live music venue at a fraction of the cost of most Lots of upside to this deal with menu and marketing improvements
Growth & Expansion:
Seller and broker will work with new buyer on list and contact info on performers
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About the Sale

Reason For Selling:
Relocation
Training/Support:
7-10 days / longer possible

Listing Info

ID:
1562334
Ad Detail Views:
225

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Business Listed by

Bob Steinberger

We Sell Restaurants
License# CO SL 100044255

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View My 16 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for El Paso County, CO
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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