Bar / Tavern / Restaurant
Location Colorado Springs, Colorado, United States
Asking Price Range $250K - $500K
Gross Revenues $1159000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1996
Number of Employees 10 - 19
Inventory 50000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Whatever is needed.
Reason for Sale Retirement.
Description This popular sports bar / tavern / restaurant for sale has been an 'institution' in the Pikes Peak Region for many over 20 years. The restaurant serves both noon lunches and evening meals, and bar offers full liquor service and live entertainment several nights a week. The business draws an eclectic mix of business clientele, blue collar workers, and tourist and locals.
The business's popularity is evidenced by numerous 'Best of...'' awards in local and regional publications. The restaurant has developed a reputation for high quality, moderately priced cuisine and the bar is known for its festive atmosphere. The business has a fiercely loyal repeat customer base, as well as a large number of word-of-mouth referral business.
Key Strengths / Acquisition Highlights include:
- Institution in home community
- High traffic, very visible location in rapidly growing part of town.
- Long history of growth and profitability
- Core employees form a solid base to transition business
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