Urban Cafe Denver - North West

Contact Seller
Asking Price:
$240,000

Gross Revenue:
$614,000
Cash Flow:
$48,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$703,000
not included in asking price

Share this business:

Business Description

The Opportunity
Become the next “Top Chef” and the owner of a landmark eatery.

A Sound Investment
Absentee owner annual salary is $48,000. Owner Operator annual salary could be more than $90,000. Business travelers, neighborhood regulars, and destination diners come to this delicious breakfast and lunch spot for its welcoming atmosphere and outstanding food and drinks. Visitors, including tourists, is a growing demographic for this location. Real estate for sale.

The cafe has nearly 600 online reviews across various platforms including Google, GrubHub, TripAdvisor, Facebook, and Yelp, with the average ranging up to four and a half stars. The current owners spent thirteen years building a thriving business, but now wish to retire. Are you ready to take it to the next level of success?

Famous Menu
Popular local publications, like 5280 and the Denver Post, give rave reviews about the brunch cocktails, fresh food, and premium coffee beverages. The Denver Post ranked one brunch cocktail as number one in Denver for its category. The menu includes breakfast, brunch, and lunch with egg dishes, hashes, grits, sandwiches, signature salads, and soups. Specialty cereal dishes, granola, and fresh fruit combinations provide healthy and vegan options.

Great Location, Location, Location!
The restaurant sits in a beautifully renovated historic building with mixed residential and commercial usage. The location is a preeminent corner location in the city, inviting an abundance of both car and foot traffic. There is also a bus stop half of a block away. The area has mixed urban zoning with low-rise apartments, houses, and boutique shops and restaurants. The downtown hub is only minutes away and includes stadiums, universities, and museums. The real estate is for sale at $703,000 or for lease.

Well-developed Space
The restaurant is 968 square feet. The back of the house includes a full commercial kitchen, with ample workspace for several cooks to cooperate efficiently. The front of the house is tastefully decorated and includes a European style bar for serving alcoholic beverages, smoothies, and espresso drinks. The orientation of the dining area provides a perfect blend of morning sun and afternoon shade. The dining room gets natural ambient light from the southeast all day, while the patio is shaded from the afternoon sun. This inside dining area has 10 tables and six bar seats. The charming outdoor patio has another eight tables with space for 16 guests.

Included Assets:
-Well- maintained, commercial grade coffee and kitchen equipment
-Valid liquor license
- All “blue sky” assets such as logo, recipes, systems, name, vendor
relationships etc.
-Excellent reputation
-Well-trained and experienced cooks, baristas, and other staff.
-Everything needed to operate efficiently the day-to-day hustle and
the bustle of a café.

The Potential for Higher Revenue
By adjusting the menu, operating hours, and increasing alcohol sales, new owners could significantly increase cash flow. A new owner could decrease discretionary operating costs. A third party accountant completed a thorough valuation so prospective investors will understand liabilities, cash flow, profit margins, and growth opportunities.

Support and Training
Owners are willing to assist new ownership with the transition (up to 6 months), which would include training and consultation services.

A Catalyst for Improvement
The owners were some of the first to recognize, and invest in, the revitalization of North West Denver. For almost fifteen years, this café contributed to the success of the area. While maintaining their roots, the café continued to adapt to the current tastes of Denver urbanites. The neighborhood continues to flourish and attract new investors and upscale residences. In fact, the community is becoming a culinary destinatio

About the Business

Location:
Denver, Colorado
Year Established:
2004
Number of Employees:
5
Real Estate:
Owned
Building Sq. Ft.:
968
Growth & Expansion:
Tremendous expansion opportunity for extended hours.
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Seller Financing:
To Be Determined

Listing Info

ID:
1504828
Ad Detail Views:
748

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Jay Spencer

Voyage Business Brokers
License# 100070531

 Show Phone Number

View My Active Listings

Similar Listings


Report an Issue 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 & Conditions.