Restaurant, Bar & Real Estate For Sale
Location Colorado,United States
Asking Price Range $500K - $1.0M
Gross Revenues $785000
Net Profit / Cash Flow $30000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2001
Number of Employees 6 - 9
Inventory 42800
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Training available for up to two weeks
Reason for Sale Partnership would like to dissolve and pursue other interests
Description Location, Location, Location! New truck alternative route exiting right at this site with right in and right out turns on both the truck route and Highway 50 which takes you to Montrose, Ridgeway, Ouray and Telluride. Excellent visibility, a new pole sign and proposed new parking provided by the City of Delta with over 44 parking stalls (public parking). The restaurant is a full bar, full service and opened for breakfast, lunch and dinner. Private patio adds additional seating. The business, FF&E, inventory and real estate is included in the $549,000 asking price. Trade name as a steak restaurant included or ideal as a regional chain restaurant capturing the business that drives by on Highway 50.
Lots of upside to the business. Increase the bar sales from 5% of gross revenue by including happy hour, late night menus, entertainment, private events and special occasion parties. Change up the menu to include farm fresh organic foods, unique recipes, weekly themed items or weekly specials.
Owners will stay on to train and/or assist during the transition. Financials available for qualified buyers. Information provided is deemed accurate but not guaranteed by Broker.
Possible financing with over five local lending sources for experienced operators. List of inclusions and exclusions will be provided. Several items will be made available for purchase that are not included in the sales price. Average Seller Discretionary Earnings $30,000 over the past 3 years. Last year had a dip in gross revenue and higher COGS. Steps have been taken to correct this.
Located in Delta, Colorado which is on the western slopes and home of the Grand Mesa, Gunnison River with the best outdoor action anywhere!
Click Here To Contact Seller
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