Historic Restaurant in Leadville

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Asking Price:
$695,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Incredible opportunity to own a historic restaurant in the booming mountain town of Leadville! Established in 1938, the iconic Golden Burro is the 3rd oldest continuously operating restaurant in CO and has been featured in every major national newspaper. Located in Leadville's National Historic District and on a prime section of Harrison Ave. with extremely high visibility for traffic from the I-70 corridor. Seating for 110 and the largest commercial kitchen in Leadville. Gross income $700-800k with huge potential for growth/expansion. Owners have scaled back business in recent years, but service in the past has included dinner hours, a bar/saloon, banquet/event space, and catering. Past revenues of $1.2 million - the sky's the limit! Near Ski Cooper, the Mineral Belt Trail, and Colorado's highest 14ers. Leadville is one of the "last frontiers" for real estate investment in CO. Priced well below estimated market value. This is your chance to own a piece of history in the mountains!

About the Business

Location:
Leadville, Colorado
Real Estate:
Owned
Building Sq. Ft.:
4,790
Website:
firstcolorado.idxbroker.com/idx/details/listing/b102/4259852/710-Harriso
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Listing Info

ID:
1667010
Ad Detail Views:
126

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  Property Brochure (10 MB)
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Business Listed by

Jeff Post

First Colorado Land Office Inc.
License# ER40018515

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