Boulder Restaurant Conversion

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Open your own City of Boulder restaurant, Save $$ with low build costs
Asking Price:
$115,000

Gross Revenue:
$1,025,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

New owner wanted to continue or open their own concept in a well-designed and flexible space in the City of Boulder.

After nearly 6 years, the current owner is moving out of state and is offering the chance to quickly establish your own profitable restaurant concept in a rapidly growing and great part of the city.

Enjoy regulars and locals over the tourist business at a fraction of typical build costs(which currently averages $200-$250/sq foot for new builds!) by using the existing space and the entire current furniture, fixtures and equipment assets. SAVE $100's/SQ FOOT! The tenant invested heavily into leasehold improvements and the space and fixtures present an engaging environment.

Landlord is willing to OFFER 3 MONTHS FREE BASE RENT to a quality buyer! Lease is $7622/month includes all NNN Expenses. An assignable lease is in place with 18 months remaining plus two-5 year options after at below Boulder market rates.

Take advantage of a FULLY TRANSFERABLE Hotel-Restaurant liquor license with NO VIOLATION history, eliminating the need to go through the time-consuming and burdensome process of securing a new license with the Boulder Liquor Authority.

The turnover time would ideally be early January 2019.

NDA needed to move forward.

About the Business

Year Established:
2013
Number of Employees:
22
Real Estate:
Leased
Building Sq. Ft.:
2,590
Lease Rate/Sq. Ft./Yr.:
$35.25
Lease Expiration:
2/27/2020
Facilities:
All equipment, furniture, fixtures & supplies to run a restaurant for 80 people are included, plus a 4,000 person email list and social media pages. Free parking lot plus street parking available. Patio seating for an additional 30-40 guests in-season with NO RENTAL FEE!
Market Outlook/
Competition:
Limited competition in the immediate area.
Growth & Expansion:
Growth in the area is high as one of the few remaining Boulder locations with already approved projects before the building height moratorium.
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About the Sale

Reason For Selling:
Relocating

Listing Info

ID:
1399779
Ad Detail Views:
803

Attached Files Attachment Disclaimer

  Non-Disclosure Agreement (140 KB)
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U.S. Census Data for Boulder County, CO
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Boulder County, CO
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Source: American Community Survey (2010-2014), United States Census Bureau.

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