Denver Bar for Sale Features Incredible Patio with View of Denver Skyl

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Asking Price:
$99,000

Gross Revenue:
$717,563
Cash Flow:
$71,543
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

HOLY COW! THE PRICE OF THIS BAR AND RESTAURANT FOR SALE HAS JUST BEEN CUT IN HALF! THIS RESTAURANT AND BAR FOR SALE SHOWS AN OWNERS BENEFIT OF OVER $110,000 AND WOULD NORMALLY BE PRICED AT AROUND $250,000.
OWNER HAS AN ILLNESS IN THE FAMILY AND MUST SELL QUICKLY! RARE OPPORTUNITY!
This profitable bar for sale and restaurant for sale in Denver, Colorado is priced to sell! Amazing location features incredible 50 seat patio overlooking the Denver skyline. Keep it as is or convert to nearly any concept.
Located on a very busy north/south street, this bar for sale and restaurant sits on a hill in North Denver overlooking downtown. The 7000 square foot facility features great visibility, access, signage and parking. The facility is spacious and very well maintained. It seats almost 200 in the dining room and easily accommodates large parties and groups in both booth and table seating, another 30 or so in the separate bar area and has a full length, beautiful patio that seats over 40 with some of the best views in Denver.
Successfully owned and operated for many years, this bar for sale offered by We Sell Restaurants represents a great opportunity. The current owners purchased for their daughter to own and operate before she decided it was not for her. They own several other restaurants throughout the state that they need to focus their attention on so this bar for sale is yours for the taking.
The current concept is a successful bar for sale with grill. The made-from-scratch menu that features appetizers, soups and salads, sandwiches and ''crave-able'' entrees as well as a full bar and draft beer menu. Weekend brunch is a significant sales driver. The well-trained staff of about 16 team members work hard to keep the loyal guests coming back again and again.
Convert to a full-on sports themed venue as this bar for sale has many flat screen TVs for sporting events as well as pool tables, game machines and a jukebox. There is plenty of room for live entertainment if the new owner wanted to go in that direction. The current owners will stay on for a negotiated period to ensure an easy transition.
The fully equipped commercial kitchen at this bar for sale with restaurant is huge and well equipped. Walk-in cooler and freezer as well as a dedicated beer walk-in with a glycol system that delivers ice cold been to the many taps in the bar area. The hood system is one of the largest we've seen with plenty of room for the 2 fryers, 2 large flat tops, large charbroiler, 10 burner stove with oven as well as plenty of hot and cold storage. This kitchen is very large and would support any concept or menu. There is also an extensive camera system as the current bar for sale and grill operation is currently run absentee at times.
The true gem of this bar for sale is the outdoor patio. It runs the length of the building and overlooks downtown Denver with seating over 40. At night the lights of downtown shimmer and create a second to none ambiance. All the drinking and dining areas have large windows that allow those seated indoors to enjoy the views.
Although only owned a short time by the current owners, they do have good books that show the bar for sale and restaurant concept is currently profitable and getting more so. 2018 financials currently show an owner/operator will take home over $110,000 through November. The Sellers would consider financing a qualified buyer who brought, at least $80,000 down. This restaurant and bar for sale is priced to sell and will not last long.

About the Business

Year Established:
1990
Number of Employees:
17
Real Estate:
Leased
Building Sq. Ft.:
7,000
Lease Rate/Sq. Ft./Mo.:
$11,000.00
Lease Expiration:
6/30/2028
Facilities:
Equipment List Dining Room Aprox 80 chairs 1-4 top tables 4-6 top tables 16-4 top booths 1-8 top booth 5 lrg flat screen TVs Menu board 2 benches Host stand Display case 7 hi chairs SS hand sink SS shelving Bar 5-2 top tables 4-4 tops 24 bar stools 12 bar stools bar 6 flat screen TVs 2-3 door glass door coolers drop in beer cooler 4 comp sink ice well Patio 6 round 4 tops 5-2 tops 31 chairs 8 round hi top fours 3-2 top hi tops 20 bar stools BOH Walk-n beer cooler Walk-in cooler Walk-in freeezer 2 SS hand sinks bus cart ice well with SS shelving Hot wells Conveyor toaster microwave glass door reach-in fridge 25 hood 2 fryers 2 flat tops lrg grill 10 burner stove w oven 2 sm sandwich prep coolers 2 door reach-in cooler 5 station hot well 2 microwaves small cooler stand up freezer Veg prep sink slicer Ss hand snk Microwave 2 SS prep tables Mixer tri sinks SS hand sink 2 bread racks on wheels Camera system Printer computer file cabinet safe Alarm system The following equipment is leased Ice machine Dishwasher
Website:
https://www.wesellrestaurants.com
Market Outlook/
Competition:
One of the best patios in all of Denver overlooking skyline Good visibility access and parking off busy street Lots of space - in excess of 7000 sq ft
Growth & Expansion:
Currently run mostly absentee and would benefit greatly from full time hands on operator
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About the Sale

Reason For Selling:
Relocation
Training/Support:
10-14 days more TBN
Seller Financing:
50% Down

Listing Info

ID:
1554592
Ad Detail Views:
278

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Business Listed by

Bob Steinberger

We Sell Restaurants
License# CO SL 100044255

 Show Phone Number

View My 18 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

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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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