Restaurant, Craft Beer & Full Bar, $138K SDE, High Traffic Locale

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Restaurant,Craft Beer & Full Bar, $138K SDE, High Traffic Locale
Asking Price:
$395,000

Gross Revenue:
$845,000
Cash Flow:
$138,000
EBITDA:
$138,000
Inventory:
$15,000
included in asking price

FF&E:
$76,385
included in asking price

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Business Description

*Gross Sales in 2018 = $845,000

Profitable restaurant and bar serving a unique spin on pub/craft fare and a wide variety of local craft brews and craft spirits. This restaurant is turn key. Steady year over year growth. It has a very loyal local following and is a popular stop during all seasons for the tourists and mountain travelers. The online reviews are impressive.

Located in a popular and affluent foothills community just 30 minutes from the Denver Metro area. The Seller Discretionary Earnings are $138,000 to an owner operator. The business comes with an experienced, high performing kitchen manager and bar manager. These two managers can operate the business in the owner’s absence. A new owner would simply need to oversee their management team.

The financials are very clean and match the tax returns. A CPA has overseen their books and accounting since day one. Lending is available to a well qualified individual.

About the Business

Year Established:
2014
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$3,300.00 Per Month
Lease Expiration:
11/1/2023
Facilities:
Full service kitchen and bar, large, open floor plan. Outdoor patio that seats up to 50 with plenty of designated parking. In charming downtown district with tons of local and tourist traffic.
Market Outlook/
Competition:
Several other restaurants/bars in the area, however, the menu is unique and the selection of local craft beers is unmatched. Google rates this restaurant as top 5 in the area. They are the only menu and beer selection of its kind in the downtown district.
Growth & Expansion:
The city is growing rapidly. Average household income is high and on the rise. Hours of operation could be expanded. There are many advertising, cross-promotional opportunities that the business has not taken advantage of. There is a lot of room to grow the online profile of the business. There is some unused space in the building that a creative owner could turn into customer seating/access.
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About the Sale

Reason For Selling:
Pursue other business ventures
Training/Support:
30 days
Seller Financing:
Small amount of Seller Financing if needed

Listing Info

ID:
1624938
Ad Detail Views:
0

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Business Listed by

Scott Mainzer

MDR & Associates
License# 1

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Sponsoring Broker:

Michael D. Rubin
MDR & Associates

U.S. Census Data for Jefferson County, CO
Age

Gender

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 Jefferson County, CO
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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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