Steps Tavern and Patio
Business Description
STEPS Tavern and Patio presents an exceptional opportunity to acquire an established nightlife destination in the heart of Colorado's scenic San Juan Mountains. Located at 630 Sherman Street in Ridgway, this underground stone-and-wood tavern has been serving as the town's premier late-night gathering spot since 2016.
BUSINESS OVERVIEW:
This turnkey operation generates $300,000 in annual revenue with $83,000 in seller's discretionary earnings. The business occupies 3,500 square feet and features both an intimate indoor tavern space and a popular outdoor patio area that extends seasonal capacity and revenue opportunities.
UNIQUE MARKET POSITION:
STEPS Tavern holds the distinction of being Ridgway's only late-night establishment, serving a growing community strategically positioned between the resort destinations of Telluride and Montrose. The location benefits from significant summer tourism while maintaining a strong year-round local customer base.
OPERATIONS & AMENITIES:
- Established programming including karaoke nights, pool and dart leagues, live music, and dancing
- Comprehensive beverage program featuring craft cocktails and extensive beer selection
- Outdoor patio space for seasonal events and expanded capacity
- Fully operational with existing policies, procedures, and trained staff
FINANCIALS & TERMS:
- Asking Price: $200,000
- FF&E Value: $40,000
- Inventory Value: $20,000
- Monthly Lease: $2,000 (expires April 2028)
- Seller financing available with flexible terms
GROWTH POTENTIAL:
Ridgway's continued growth as a destination community, combined with increasing summer tourism and the business's unique market position as the area's sole late-night venue, presents significant expansion opportunities.
The current owner is selling due to family commitments and career change, creating an opportunity for new ownership to acquire a well-established, profitable business with strong community ties and proven operational systems in place.
BUSINESS OVERVIEW:
This turnkey operation generates $300,000 in annual revenue with $83,000 in seller's discretionary earnings. The business occupies 3,500 square feet and features both an intimate indoor tavern space and a popular outdoor patio area that extends seasonal capacity and revenue opportunities.
UNIQUE MARKET POSITION:
STEPS Tavern holds the distinction of being Ridgway's only late-night establishment, serving a growing community strategically positioned between the resort destinations of Telluride and Montrose. The location benefits from significant summer tourism while maintaining a strong year-round local customer base.
OPERATIONS & AMENITIES:
- Established programming including karaoke nights, pool and dart leagues, live music, and dancing
- Comprehensive beverage program featuring craft cocktails and extensive beer selection
- Outdoor patio space for seasonal events and expanded capacity
- Fully operational with existing policies, procedures, and trained staff
FINANCIALS & TERMS:
- Asking Price: $200,000
- FF&E Value: $40,000
- Inventory Value: $20,000
- Monthly Lease: $2,000 (expires April 2028)
- Seller financing available with flexible terms
GROWTH POTENTIAL:
Ridgway's continued growth as a destination community, combined with increasing summer tourism and the business's unique market position as the area's sole late-night venue, presents significant expansion opportunities.
The current owner is selling due to family commitments and career change, creating an opportunity for new ownership to acquire a well-established, profitable business with strong community ties and proven operational systems in place.
About the Business
- Years in Operation
- 10
- Employees
- 5 (4 Full-time, 1 Part-time)
The Patio is an outdoor Tiki Bar - open mid April to Mid Novemeber - Facilities & Assets
- Turn key operation with a Tavern and Tiki Bar. No debt
- Website
- https://www.facebook.com/groups/1226226345791186/user/100063772533257/
- Market Outlook / Competition
- Good
- Opportunities for Growth
- Ridgway is a growing town between Telluride and Montrose Co. There are a lot of visitors during the summer months. Only tavern in town that is open late-night.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,500
- Rent
- $2,000 per month
- Lease Expiration
- 4/1/2028
About the Sale
- Seller Motivation
- Owner has a family now and took a postal job for better hours
- Transition Support
- We have all the policies in place and can train employees.
- Financing Options
- Open to any offers
Listing Info
- ID
- 2531657
- Listing Views
- 26
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2531657 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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