Rasta Pasta-Legacy Restaurant for Sale in Downtown Colorado Springs

Asking Price$168,000

Cash Flow
$70,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$745,217

Inventory$10,000
Not included in asking price
FF&E$100,000
Included in asking price
Real EstateNot Disclosed

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Rasta Pasta-Legacy Restaurant for Sale in Downtown Colorado Springs


Asking Price$168,000

Cash Flow
$70,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$745,217

Inventory$10,000
Not included in asking price
FF&E$100,000
Included in asking price
Real EstateNot Disclosed

Business Description
Unique Concept in a Prime Location!
Be your own boss and lead this established restaurant brand into the next era. With sales averaging $750,000, a 15-year legacy and devoted following this beloved restaurant is poised for continued success and growth under your leadership. Situated in one of the prime locations of Colorado Springs, a city known for its exceptional quality of life, this establishment enjoys the benefits of being in one of the most desired areas to live in the nation.

The one-of-a-kind menu comprised of proprietary recipes is unlike anything else, setting this restaurant concept apart from the competition. The food is so unique it gained national attention when featured on Food Network's Diners, Drive Ins and Dives with Guy Fieri in 2015. The restaurant build-out has a cool vibe, accommodating over 75 guests comfortably with additional patio space for expanded seating. Complete with a fully equipped bar and a transferable liquor license, the venue is primed for both dining and entertainment. The commercial kitchen boasts essential features including a hood, grease trap, walk-in cooler, and more, ensuring seamless operations and top-notch performance.

Spanning 2,500 square feet, the location offers ample space for guests to enjoy our unique offerings while soaking in the relaxed atmosphere. With rent set under $5,500 all in, successful systems and a skilled team, this opportunity presents excellent value and profit potential for aspiring restaurateurs. Furthermore, the transferable nature of the concept extends beyond the physical space. With all recipes, social media accounts, trademarks, and operational know-how included in the sale, a new owner can seamlessly transition into ownership. Notably, this concept is also expansion ready, with all necessary groundwork already laid out and transferable, providing a turnkey opportunity for expansion and growth at the new owner's discretion.

Embark on the journey to capitalize on the thriving culinary landscape of Colorado Springs and become owner of this proven brand. Don't miss out on the opportunity to own a highly rated established turn-key restaurant with a devoted following and dynamic brand poised for growth, contact us today.
About the Business
Years in Operation
16
Employees
12
Facilities & Assets
Completely furnished turnkey restaurant featuring a full-service dining area and a commercial kitchen equipped with essential amenities such as a hood, grease trap, walk-in cooler, multiple ranges, assorted refrigeration units, and more. Spans 2,425 square feet of interior space with an additional patio area.
Market Outlook / Competition
There is truly no other Italian-Jamaican fusion cuisine, giving this restaurant a unique edge. Competition includes other casual, full-service dining establishments with a full bar, but pizza, burger and taco joints are a dime a dozen!
Opportunities for Growth
Growth and expansion opportunities for the restaurant include expanding operating hours, hosting regular live music, offering late night dining and increasing bar sales. The restaurant currently closes nightly at 9:00 PM nightly and functions primarily as a family restaurant that is open for lunch and dinner. There is also a demand for catering and special events, which current ownership has chosen not to pursue. There is unlimited opportunity to expand by opening additional locations in Colorado Springs or other markets.
About the Sale
Seller Motivation
Retirement
Transition Support
Available
Listing Info
ID
2237688
Listing Views
3158

Contact Seller

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Business Listed by: Nicole Yates Atlas Business Brokers

Listing ID: 2237688 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.


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