Restaurant for Sale Featuring Live Venue and Bar in Colorado Springs

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Asking Price:
$99,000

Gross Revenue:
$500,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

PRICE REDUCED BY HALF!!! Bring an offer! Seller is motivated and ready to move this 5600 square foot Restaurant for Sale that Features a Bar and a Live Music Venue - It currently operates as a county and western bar but would convert to any concept quickly and inexpensively.
Colorado Springs is regularly voted one of the best places to live in the US. Located at the foot of the front range in is vibrate and growing. Home to the United States Air Force Academy and the United State Olympic headquarters and has a fast growing economy supported by the tech and military industries. Colorado Springs has over 300 days of sunshine a year and is one of the fastest growing cities in the US. The perfect place to take over this Spacious Restaurant for Sale.
Offered by We Sell Restaurants, this Restaurant for Sale, featuring a bar and live music venue, is located on Powers Blvd. One of the busiest streets and most desirable area in Colorado Springs. It is the main north and south transit link on the east side with incredible traffic counts and demographics. This restaurant for sale is located in an up-and-coming development with new business moving in every day. The biggest liquor store in Colorado Springs is right next door and new, more exciting tenants on the way. The facility is something you have to see! It has good visibility, easy access and plenty of parking. There are two (count em two) outdoor patios that seat about 30. Inside there is a large dance floor and stage complete with a sound and lighting system as well as seating for about 200. There is a large dance floor and a bar with an impressive tap system. Large TVs are all around.
The fully equipped commercial kitchen is something to behold. It has it all. It would support any concept AND a huge catering or off-premise operation on top of that. Your Colorado Restaurant Broker says it has the longest hood system he has ever seen; at least 30 feet. There are multiple fryers, a grill, a flat top griddle, ovens, multiple sandwich prep coolers and massive amounts of hot and cold storage. Want more? There is a walk-in cooler and freezer you could ride a horse through. Both the front and back of the house fixtures, furniture and equipment are well maintained and like new.
The rent is reasonable at about $10,000 per month for the 5600 Square foot space. Water and trash removal are included. The current lease expires in August but the landlord is easy to work with and eager to make a new deal with a tenant that wants to take the space to a new level. This business is currently run 100% absentee but really needs an owner/operator to take it to the next level. It is a one-of-a-kind facility that has to be seen to appreciated.
It is a one-of-a-kind space that would convert to any concept quickly and inexpensively. The Seller would consider some financing to a qualified Buyer. He will sell the concept as is with Tradename, websites, menus and recipes or you can bring your own.

About the Business

Location:
Colorado Springs, Colorado
Year Established:
2017
Number of Employees:
14
Real Estate:
Leased
Building Sq. Ft.:
5,600
Rent:
$10,024.00 Per Month
Lease Expiration:
8/31/2019
Facilities:
Please note that most of the equipment fixtures and furniture are owned by the landlord but free for the Buyer to use during the period of the lease FOH Patio furniture Chairs and tables Car stools Stage lighting and sound system TVs Misc decore BAR Bar sink SS hand sink Tap system display shelves BOH Fryers griddle ovens grill sandwich prep coolers tri sinks hand sinks misc kitchen utensils misc food storage misc cooking supplies hot well microwave walk in cooler and freezer
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Great lease in an up and coming center that features the biggest liquor store in Colorado Springs right on Powers Blvd Abandoned K-Mart in center is being replaced
Growth & Expansion:
Strip center is being developed with new business being build and plans for more Need an owner operator as the current owner is 100 absentee Replacing the manager would bring 50 000 more to bottom line
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About the Sale

Reason For Selling:
New Career
Training/Support:
10-14 days more TBN

Listing Info

ID:
1645795
Ad Detail Views:
0

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Business Listed by

Bob Steinberger

We Sell Restaurants
License# CO SL 100044255

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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