Well Established Restaurant For Sale Near College Campus

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Asking Price:
$150,000

Gross Revenue:
$372,338
Cash Flow:
$109,624
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Motivated Seller, Award Winning Restaurant for sale in Beautiful Fort Collins, Colorado is Generating the Owner/Operator to Take Home Almost $110,000 Annually! Bring your offers, for current concept or bring your own as this opportunity won't last.
Located in a trendy part of the Fort Collins area, this Restaurant for sale sees approx. 30,000 vehicles pass by daily and 81,000 residents with in a 3 mile radius. Just a half mile from the Colorado State University Campus, which has more than 33,000 students and 6,700 employees gives you a massive built-in client base to tap into! This is one of the best available locations in town.
Brought to you by We Sell Restaurants, this family owned and operated, multiple award-winning Mediterranean Restaurant for sale was established in 1991. The restaurant is 3,000 Sq. Ft. with rent of $6,000 a month. They currently serve fresh and healthy Lebanese cuisine. The menu was created by making the family recipes only on a scale that they could feed the masses.
Great reviews online for their food, drinks and entertainment. This is a local hot spot that the college students come to for food, drinks (both alcoholic and from the juice bar), and their entertainment which is an advantage over most of the competition in the area and includes Open Mic nights, local talent, and Trivia nights to name a few. With a full liquor license and a bar with 11 beers on tap, this is the perfect college hot spot.
The owners will provide two weeks of FREE training to allow for a smooth transition that gets you going in the right direction from the start. This place has a fully equipped commercial kitchen that is ready to make anything you want with plenty of prep space, walk in coolers, warming stations, stove, ovens, hood system, and more.
This restaurant also has the opportunity for growth with the addition of breakfast and or catering and the current owner said they have been approved to construct a roof top bar to add additional seating and revenue. There is currently construction going on that will create over 1500 new apartments for student housing within blocks of the restaurant.
Hurry in to take advantage of this treasure in the heart of Fort Collins.

About the Business

Location:
Fort Collins, Colorado
Year Established:
1990
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$6,000.00 Per Month
Lease Expiration:
4/30/2024
Facilities:
Schedule A Equipment 11 Tables 44 Chairs 12 Patio Tables 23 Patio Chairs 13 Bar Stools 3 Big Screen TVs POS System 11 Bar Tap system Bar 3 comp sink Bar fountain Gun Security camera system Stereo system Bev Air 2 door up right beer cooler Arctic Air Up right Ice cream freezer Walk in 10 foot Walk in 8 foot Hobart mixer 60 pound Scottsman Ice Machine Thunderbird 20 quart mixer 3 Door Stainless steel reach in cooler Avantco 2 Door stainless steel Freezer 2 3 compartment sinks Warmer for catering Holman conveyor oven 2 Door work table True cooler 6 Eye Burner stove with 24 inch grill 2 large ovens Mixer 20 quart Hobart 3 Door randel Pizza Prep Table Randel oversize fryer Waring Warmer Auto Vertical Gyro Broiler Belongs to Gyro Meat Company Can stay if new owner is going to have Gyro on Menu Pepsi Fountain Machine Belongs to Pepsi Electric Gyro Knife Belongs to Gyro Meat company 48 Inch counter display unit half with cooler Small wares Berkel Meat Slicer
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Well Established close to the University many restaurants nearby Tons of new housing and apartments being built nearby
Growth & Expansion:
Room to grow through catering and expanding hours into breakfast along with the possibility of building a roof top bar Marketing would be another area to draw on Ad Delivery and catering
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 Weeks on Site

Listing Info

ID:
1616390
Ad Detail Views:
1058

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Business Listed by

Jeff Marcus

We Sell Restaurants
License# FA100082047

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View My 25 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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