Upscale Bistro and Restaurant for Sale in Historic Downtown Littleton,

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Profitable Bistro and restaurant for sale located in the historic district of do
Asking Price:
$199,000

Gross Revenue:
$620,162
Cash Flow:
$15,233
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Profitable Bistro and restaurant for sale located in the historic district of downtown Littleton, Colorado. Sales and profits are increasing every month, so this deal will not last long. Some seller financing could be available for a well-qualified buyer!
Serving eclectic American cuisine, craft beer, a full wine menu and specialty cocktails in a cozy setting, including a one-of-a-kind outdoor patio, this restaurant for sale is a hit in the community. The business is located on a main intersection in historic downtown Littleton, Colorado, in a 100 plus year storefront. It was completely remodeled a year ago and most of the electric, HVAC, and plumping is almost new.
The dining room is spotless and comfortable, seating 42 in front of a large fireplace in a semi-formal ''bistro'' setting. The business, offered by We Sell Restaurants, has a ''Touch Bistro' point of sale system' with two iPads, and printers in both the kitchen and the bar. The separate bar area of this location seats 10 and offers a simple yet well thought out wine list, specialty cocktails, and local craft brews.
Outdoor dining at its best with two patios: one outside and shaded, the other is an indoor/outdoor patio covered by a roof, with heaters, ceiling fans, and curtains that can be closed for three season use. Together they seat an additional 42 people, doubling the size of the seating 9-10 months a year. There are security cameras and an alarm system in place.
The kitchen in this restaurant for sale offered by the Restaurant Brokers is open, spotless, and efficient. There is a 12-foot hood with fire suppression, a walk-in cooler, turbo convection oven, char broiler, flat top, salamander, as well as plenty of hot and cold storage and a prep area. The grease trap is in-ground with a 1,500-gallon capacity.
Most of the mechanical work in this historic building has been redone in the last 2 years. The equipment has recently been refurnished and much of it is under warranty. The separate, hidden dish area has an ice machine, dishwasher and pantry storage. There are nine years left on the lease giving you many years to operate. Rent is $6,400 per month including CAMs and the landlord is local and easy to work with.
The menu at this restaurant for sale is amazing. The fantastic online reviews attest to this with its 4-star plus rating. The location offers high-quality grass-fed beef, poultry, and seafood served up for lunch and dinner six days a week, and brunch on the weekends. There are a wide range of ''Bistro type'' entrees from steaks and chops, to pasta, soups, salads, and sandwiches.
There is an exceptionally well-trained staff that will stay on with a new owner, and the seller will also stay on for a negotiated period to help the new owner with a smooth transition. Seller will consider financing up to 50% for a qualified Buyer.

About the Business

Location:
Littleton, Colorado
Year Established:
2017
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
1,550
Rent:
$6,618.50 Per Month
Lease Expiration:
12/20/2027
Facilities:
68 Dining room chairs 5 Dining room booths 22 tables 30 tablecloths 3 outdoor tables 12 outdoor chairs 11 bar stools Sign Artwork glass door cooler Keg cooler Rockbot player Stereo system Bar shelving Bar hand sink Bar service station 2 open signs 3 track lights Touch Bistro system 2 iPads server kitchen printer bar printer Liquor License Ladder Kol Pac Walkin Food Warmer 2 microwaves 8 shelving units Moffat Turbo Convection Oven 6 burner range conventional base and salamander 2 equipment stands pizza prep cooler sandwich prep cooler Wells Char broiler Vulcan flattop with tstat Snap action Supra Fryer 1 door True Freezer 2 door True cooler Ice Machine that is a lease Dishmachine that is a lease 6 dish racks Misc China Misc glassware Misc flatware Misc kitchen utensils 2 chest freezers 3 slicer and dicers 3 hand sinks Prep sink
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Colorado nature and beauty inspires buyers to seek a lifestyle with time outdoors enjoying every moment of daylight Locals and tourists alike delight in the scenery from the snow covered slopes to a Rocky Mountain trail
Growth & Expansion:
-There are approximately 11 526 eating and drinking locations in Colorado -Total restaurant sales in Colorado exceeded 11 6 billion in 2016 and are expected to exceed 12 billion in 2017
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About the Sale

Reason For Selling:
Relocation
Training/Support:
10-14 days more TBN
Seller Financing:
50%

Listing Info

ID:
1609530
Ad Detail Views:
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Business Listed by

Bob Steinberger

We Sell Restaurants
License# CO SL 100044255

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View My 14 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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