Iconic Colorado Diner

Asking Price$575,000

Cash Flow
$220,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$880,000

Inventory$5,000
Not included in asking price
FF&E$90,000
Included in asking price
Real EstateNot Disclosed

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Iconic Colorado Diner


Asking Price$575,000

Cash Flow
$220,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$880,000

Inventory$5,000
Not included in asking price
FF&E$90,000
Included in asking price
Real EstateNot Disclosed

Business Description
Well established free-standing diner on a state highway. Breakfast and lunch each account for approx. 40% of sales. Dinner is about 20%. Good staff, many with over 10 years of service. The seller works less than 20 hrs/ week in the business making it easy for a new owner to take over. Annual revenues are consistently in the high $800's.
About the Business
Years in Operation
35
Facilities & Assets
This 2,330 SF free-standing building on a 10,500 SF lot has good parking and visibility from highway. The dining room has approx 95 seats and has recently been remodeled. Fully equipped kitchen. All FF&E included in the sale. There is no leased equipment.
Market Outlook / Competition
This is the only American-style diner with waiter / waitress service in the area. In addition to a great location on a state highway (approx. 25,000 vehicles/day), the surrounding area is undergoing a great deal of residential development (median household income approx. $88,000).
Opportunities for Growth
The seller does virtually no advertising. No website. No social media. No coupons. No customer loyalty program. There is an opportunity to grow the business with increased marketing.
About the Sale
Seller Motivation
Retirement
Transition Support
The seller will train the buyer for three weeks after the closing to help with the transition, especially purchasing, payroll and and general management.
Listing Info
ID
2424116
Listing Views
4

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Business Listed by: Front Range Front Range Business, Inc.

Listing ID: 2424116 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.