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Profitable Last Stand Tavern With Living Premises Onsite For Sale

Golden, Colorado, US
Asking Price:
$1,295,000 Inventory / Stock included
Sales Revenue:
$600,000
Cash Flow:
$200,000

This is your opportunity to own and operate a unique, non-franchised restaurant with real estate that has living premises on site for the new owners. There will be no need for you to own a home or have a home mortgage because the profit from this business opportunity includes rent expense that includes your residence! Imagine living for free in your business located in beautiful foothills of Boulder County Colorado. Or rent it out to manager, guests, etc. Since 1965, this beautiful mountain property has been the home to 4 successful European restaurants. Because of the continued growth and drive by traffic on Hwy 72, Coal Creek Canyon Road, new owners, broke tradition and converted this beautiful 5980 sq. ft. space into a Sports Tavern, serving traditional American food, a large and diverse selection of beer and multiple TVs for sports viewing pleasure. Included in this Business Summary is a list of all of the improvements and remodeling done to the land and property. No expense was spared, and pride in ownership is reflected in every detail of this property. The Lambeths’ saw a very clear opportunity to meet the need of the Coal Creek Canyon mountain community with a family-oriented restaurant that provides excellent service and a variety of well-prepared food and drink items. There is no place like Last Stand Tavern!

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There is a residential apartment beneath the Tavern featuring four private entrances. Three exterior and one interior. Two exterior door entrances and one entrance through the garage. The interior door entrance is in the basement itself for easy access to the Tavern upstairs.

Residential apartment dimensions are as follows:
Master bedroom – 13’x14’6”
Master walk in closet – 8’ x 7’
2nd bedroom – 12’ x 20’
2nd bedroom walk in closet – 7’x9’
Kitchen – 10’x10’
3rd bedroom (currently used as an office) – 9’2” x 15’
3rd bedroom walk in closet – 6’ x 5’6”
Sitting room outside bedroom 3 – 10’ x 12’
Pantry 5’6”x11’
Private Entrance Foyer – 13’6” x 9’
Laundry room with full size washer and dryer – 5’x8”
Family room - 17’ x 14’
Full Bathroom - 7’ x 9’6”
Hallway 1 - 18’x4’
Hallway 2 – 16’ x 4’
Outside courtyard with private entrance (fully landscaped) – 26’x40’
Outside courtyard shed with new roof – 10’ x 10’
Composite Deck off kitchen door – 12’ x 12’
Greenhouse – 10’ x 10’ with drip system and heater
Backyard – 100’ x 30’ fully landscaped and ready for dogs!

The Sellers have lived in the residential apartment for the past three years. They have created a cozy space allowing for overnight guests and room for their large dogs to freely roam the apartment and frolic in the backyard. This is an ideal living space for owners, managers or can be used for rental income. AirB&B, VRBO, or Bed and Breakfast???

Utilities, including DirecTV and internet, for the apartment are shared with the Tavern keeping costs of living to a bare minimum.

New owners will be relieved to know they are purchasing a property that has been completely updated and the Sellers will take great care to show the new owners all of the detail and improvements that have been made.

Location:

Standalone Tavern in beautiful, secluded Foothills of Boulder County and Golden, Colorado

Premises Details:

5980 Square Feet, Completely Remodel, Living Premises Onsite!

Size in square feet:
5,980

Business Operation

Expansion Potential:

The area is slated for growth to be consistent with the current thriving Colorado economy. More and more people continue to seek refuge from the Denver area to enjoy the high-quality lifestyle the mountain areas provide. An estimated 97 new homes are scheduled to be built at the base of the canyon. Excavation has already begun on this project.

Additionally, Gross Dam Expansion has begun and scheduled to conclude in the next 5 years. Over 2500 employees have been hired on this project. On a daily basis, the Tavern has several employees stopping by for dinner. Vacant land in Coal Creek Canyon sells within a short period of time and houses for sale typically sell within 24 hours of listing. There are several AirBnB’s in the area that promote the Tavern to their guests.

Competition / Market:

Very Limited

Reasons for selling:

Retirement

Trading hours:

Last Stand Tavern is open Tuesday through Friday, 3pm to 9pm. Saturday and Sunday 11am to 9pm. Closed Monday.

Employees:
15
Years established:
1965

Other Information

Support & training:

Since opening the business, the Sellers have prepared meticulously for an eventual transfer of the business that would be turnkey in nature. There are detailed manuals of policies and procedures in place. There are records of recipes, pictures, and instructions for all the items. Most things are standardized. The Sellers are enthusiastic about sharing their recipe for success to an eager new owner. 4 weeks of training are included in the sale of the business, but additional operational assistance can be available on a consulting basis. The General Manager is equally as knowledgeable.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Evolve Bank has reviewed the opportunity for SBA Financing. Prospective buyers desiring to obtain the business with an SBA Loan should have pertinent experience in the restaurant/hospitality industry. SBA Loan financing scenarios indicate a prospective buyer should have a down payment equal to the price of the Business and 15% of the Real Estate price.

Furniture / Fixtures value:
$200,000
Inventory / Stock value:
$18,000 - included in the asking price

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