Colorado Year-Round Resort-Restaurant

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Year-round business!
Asking Price:
$1,430,000

Gross Revenue:
$1,445,000
Cash Flow:
$527,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$40,000
included in asking price

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Business Description

Established in 1995, this is a well-known and very successful restaurant is ideally located at the base of the lifts in a year-round destination resort town in SW Colorado. The restaurant serves moderately priced, appealing lunch and dinner fare, and has an occupancy rate of 130 and counter service. The restaurant draws year-round business with an active apre ski in the winter and apre mountain bike bar scene in the summer. The customer base is a mix of loyal locals and second homeowners and vacationers. The restaurant also provides catering services.

This is an established business, in an ideal location, that has produced year-over-year increases in sales and cash flow. There is a solid long-term crew in place and the equipment and premises have been kept in excellent condition. Asking price includes approximately $40,000 in FF&E and $20,000 in inventory.

About the Business

Location:
Telluride, Colorado
Number of Employees:
Owner, 5FT, 7PT
Real Estate:
Leased
Building Sq. Ft.:
4,000
Facilities:
4000 sq. ft. leased space. Current lease expires in 2023, renewal options may be negotiated with a lease assignment.
Market Outlook/
Competition:
Of course, it’s a restaurant. One look at the financials, trend line, layout, menu and equipment and you will know this one has everything dialed in!
Growth & Expansion:
The company has been growing each year as is. However, there are plenty of additional growth opportunities including adding breakfast service, delivery service, grow internet presence and further capitalize on local customer base.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
Seller Financing:
The Seller will entertain offers of varying financial and legal structures.

Listing Info

ID:
1577314
Ad Detail Views:
0

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Business Listed by

Greg Wills

Touchstone Business Advisors

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Sponsoring Broker:

Charles Spickert, CBI
Touchstone Business Advisors
License# 40043825


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