Turnkey Restaurant & Bar on Creede’s Historic Main Street
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Profitable Restaurant in Colorado Mountain Town
Located smack dab in the heart of town, this iconic 4,217 sq ft commercial property is home to one of Creede’s most recognized and successful businesses, known today as Kip’s Grill.
With seating for up to 165 guests, a private upstairs bar with potential for rental income, and an inviting outdoor patio, this well-established restaurant and bar is designed for gatherings and entertainment.
Inside, guests enjoy pool, darts, foosball, shuffleboard, and Pac-Man. The kitchen and bar are fully equipped for a smooth transition to new ownership: walk-in freezer and cooler, keg cooler, 10 beers on tap, 2 wine taps (currently for house margaritas), and a 3-compartment frozen drink machine. Additional features include an on-site laundry area and carwash.
The sale includes the real estate, business, and all equipment. Kip’s Grill has been in operation for nearly 30 years and enjoys an established reputation and loyal following. The current owners are willing to train new owners to ensure a seamless transition so you can be up and running by Summer 2026.
Whether you continue its legacy as a favorite local restaurant or bring a new vision to one of Creede’s most visible properties, 101 5th Street offers the opportunity to own a piece of Main Street history along with a thriving, proven business.
With seating for up to 165 guests, a private upstairs bar with potential for rental income, and an inviting outdoor patio, this well-established restaurant and bar is designed for gatherings and entertainment.
Inside, guests enjoy pool, darts, foosball, shuffleboard, and Pac-Man. The kitchen and bar are fully equipped for a smooth transition to new ownership: walk-in freezer and cooler, keg cooler, 10 beers on tap, 2 wine taps (currently for house margaritas), and a 3-compartment frozen drink machine. Additional features include an on-site laundry area and carwash.
The sale includes the real estate, business, and all equipment. Kip’s Grill has been in operation for nearly 30 years and enjoys an established reputation and loyal following. The current owners are willing to train new owners to ensure a seamless transition so you can be up and running by Summer 2026.
Whether you continue its legacy as a favorite local restaurant or bring a new vision to one of Creede’s most visible properties, 101 5th Street offers the opportunity to own a piece of Main Street history along with a thriving, proven business.
About the Business
- Years in Operation
- 30
- Employees
- 7-18 Less in the winter more in the summer
- Facilities & Assets
- The facilities include the patio, the inside restaurant and bar, and the upstairs. The upstairs could be run as a separate business, or still with the same food but its own area and own bar. The laundrymat and car wash are included as well.
- Market Outlook / Competition
- Creede is extremely busy in the summer and there is not a lot of competition. We are the only fast/casual full service restaurant in town. Folks can grab a quick meal, even when we are really busy, or they can hang out and stay for a while. Creede's popularity continues to grow. We have tourists in the Summer who eat at Kip's Grill multiple times a week. In the winter, we are the only ones open for dinner. We have a great local following and make strong efforts to keep things interesting in the winter.
- Opportunities for Growth
- Yes, lots of growth opportunities. The upstairs could be open more on a regular basis. There have been several inquiries into franchising Kip's in other areas and a new owner could pursue that.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,217
About the Sale
- Seller Motivation
- It has been 30 amazing years and now Kip is ready to move on and pursue other ve
- Transition Support
- 30 days, more upon request
Listing Info
- ID
- 2465413
- Listing Views
Business Location
Listing ID: 2465413 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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