Pizzeria for Sale with Bar in El Paso

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Pizzeria and bar for sale nearby Colorado Springs
Asking Price:
$199,000

Gross Revenue:
$505,101
Cash Flow:
$94,767
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Pizzeria and bar for sale nearby Colorado Springs features area’s only on-premise liquor license. Strong earnings and unmatched occupancy costs at just 4% of sales. Earnings of nearly six figures. Opportunity for lending - EITHER SBA with 25% down or potential for seller financing with 50% down.

Serving pizza, wings, sandwiches, beer and drinks to loyal locals and tourists alike, this bar for sale has it all. Rent is unheard of at $1500 per month on the main drag of an important east/west highway through Colorado. Great visibility, signage, access and parking. This business, offered by We Sell Restaurants, features the only on-premise liquor license in the community. Located in the end cap of a strip center, it has about 2200 square feet indoors and an additional approximately 1500 square feet of enclosed patio space.

This bar for sale has a horseshoe shaped service area that seats 12. There are 55 seats in the dining room with both booth and table seating. This bar for sale is tastefully decorated with a local flair and has multiple flat screen TVs for sporting events.

In an industry where 9-12% occupancy cost is desirable this deal offers under 4%! Current volume at this bar for sale is well over half a million dollars with earnings for an owner operator approaching six figures.

Although currently doing very well, this bar for sale has massive upside. The current owners are dealing with an illness in the family. They are closed Tuesdays and Wednesdays and only open for lunch on weekends. Expand hours and add another $100,000 - $200,000 in sales. The business would easily support a pizza delivery program to increase sales and profits even more. The current staff has the owner / operator and about 12 team members. The Owners will stay on with any new Buyer for a period of time to train and insure a smooth transition.

The fully equipped commercial kitchen of this bar for sale has a large walk-in cooler with a glycol system to deliver cold beer. There are two separate kitchen areas. The first services the bulk of the menu - sandwiches, salads, appetizers and entrees. It has a griddle, a small grill, 2 fryers [with a 3rd one available in reserve] and plenty of hot and cold storage. The second kitchen area is designated for pizza production and has a 2 door pizza oven, a dough mixer, slicer, ice machine and a refrigerated pizza prep station. There is also a sliding door dishwasher that is owned, not leased.

With 25% down this business should qualify for SBA and/or Conventional financing. The Seller would consider financing a qualified buyer with 50% down or more down. This is a great, low risk opportunity for a first time buyer, a husband and wife combination or a seasoned restaurant vet.

About the Business

Year Established:
2000
Number of Employees:
2 FT 12PT
Real Estate:
Leased
Building Sq. Ft.:
3,400
Lease Amount/Mo.:
$1,500.00
Facilities:
Rooster’s Equipment List

Patio
Picnic table
Misc. outdoor seating
Ashtray

Dining room
12 bar stools
6 full booths
3 half booths
6 hi-top tables
20 bar stools
7 chairs
4 flat screen TVs
SS tri sink
2 door keg cooler
Drop in beer fridge
POS system – 1 terminal
SS hand sink
Music system

BOH
4 eye burner with stove
36’’ flattop grill
Sm grill
2 fryers
Reach-in cooler
SS table
Dishwasher
Veg sink
Misc. shelving
Misc. food utensils
Misc. pots and pans
Camera system
Safe
Copy/fax/scanner
SS hand sink
2 door pizza oven
Mixer
Pizza prep cooler
Dough press
SS table
Mixer
Slicer
2 A/C portable units
Ice machine
Extra fryer
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
No competition. Only liquor license in town. Only sit down restaurant in town.
Growth & Expansion:
This business has never done delivery. Also just recently contracted hours. Patio is never used and not maintained. Lots of upside with this one!
Contact the Seller

About the Sale

Reason For Selling:
health
Training/Support:
10-14 days more TBN
Seller Financing:
50% down/ Landlord to renew

Listing Info

ID:
1552238
Ad Detail Views:
299

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Business Listed by

Bob Steinberger

We Sell Restaurants
License# CO SL 100044255

 Show Phone Number

View My 16 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for El Paso County, CO
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for El Paso County, CO
Income

Education

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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