Asking Price: $335,000 Gross Revenue: $500,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $25,000 included in asking priceFF&E: $650,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This 2-year-old turnkey tap house/restaurant is located in the fast growing north-end area of Colorado Springs. Unfortunately, the owner had no restaurant experience at the time he started the business and has since decided that running a tap house does not fit his skill set. He recently decided to sell.
*** The business sale price of $335K includes $650K in nearly new assets and recent buildout plus $25K of inventory ***
The tap house was rebranded as a gastropub in 2018 serving high quality craft beers and food. Today this popular business operates with 10 employees and offers 100 craft beer taps served to sophisticated clients. They also serve craft liquor, international beers, wine and craft cider. While the current owner endured a financial loss early on due to the cost of two startup initiatives, 2019 is now profitable. Everything is in place for a new owner to reap the financial awards of this beautifully redesigned tap house.
About the Business
Colorado Springs, Colorado
Number of Employees:
Building Sq. Ft.:
$5,330.00 Per Month
This gastropub is situated in a 2400 square foot unit with a patio in a 4-unit shopping plaza in a new/growing area of Colorado Springs. The restaurant seats 89 indoors and 25 more on the patio.
There is one competitor in the area offering hotdogs and hamburgers and has a full bar with 30 taps. It is fast food so they do not have waitresses. Another nearby bar caters to a younger party crowd and serves inexpensive beer like Budweiser and Coors. Most families prefer the gastropub’s atmosphere, service, and superior food. There aren’t any other bars or nightclubs close by.
Growth & Expansion:
The market trend for craft beer is solid in Colorado Springs. Despite a rough start and two grand openings, this tap house has now gained a steady loyal following. The restaurant has room to host larger group meetings and parties, as well as more carry-out and catering in the area. Although the beer supply turns over quickly, the new owner could substitute a number of taps from the center of the wall for lighted shelves to feature new liquor offerings. There are seven flat screen TVs that were originally used for the beer menu that could be converted to create a sports environment. The restaurant has potential room for future growth by expanding into the 1900 sq ft bay next door. This would allow room to expand the kitchen and offer private meeting space for corporate customers and private parties. The patio could be enhanced to further accommodate outdoor customers who like to bring dogs.
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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
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