This is a unique opportunity to purchase one of Denver’s renown restaurants. Family owned, this very popular, well-known dining establishment has been serving great food to loyal local customers and out-of-town visitors for over 35 years. Their menu consists of a wide variety of homemade dishes made from family recipes passed down through generations. Specials are served daily. A full liquor licensed bar compliments the business. The warm, comfortable atmosphere has a seating capacity 150. The business is located on a heavily traveled, four lane highway with easy on/off access. Parking is available on the property for 45 vehicles with additional space available on the adjacent shopping center lot. The building, which is approximately 6,000 sq. ft., is owned by the sellers and is included in the purchase price. The sellers are only entertaining offers from buyers interested in purchasing both the business and the real estate. Unlike many restaurants that were forced to close due to Covid 19, this establishment did well in 2020 and more than doubled their Seller’s Discretionary Earnings in 2021. The owners do no advertising and do not have a website. There are numerous ways to increase business volume including adding catering and opening on Sundays. SBA financing is available. Financially qualified, food service experienced buyers only, please.
- Asking Price:
- $3,525,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,273,464
- Cash Flow:
- $526,954
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
The location is in a high traffic residential and commercial area. The 6,000 square foot building, built in 1972, has a large wrap around parking lot. It is located next to a large shopping center which provides overflow parking during peak business hours. Seating capacity is 150.
- Size in square feet:
- 6,000
Business Operation
- Expansion Potential:
-
The outlook for the Business is excellent. The restaurant has been operating for over forty six years and its brand and reputation are deeply established in the community. The expansion of the Colorado economy fuels new opportunities, which will drive the Company’s continued prosperity.
- Competition / Market:
-
The business thrived during the COVID 19 pandemic and is positioned for continued success as it has a well-established customer base, is financially strong and has very good growth potential. This is an excellent acquisition opportunity for a financially qualified Purchaser with food service background and restaurant experience
- Reasons for selling:
-
Retirement
- Employees:
- 15 FT / 15 PT
- Years established:
- 1976
Other Information
- Support & training:
-
Included
