Denver Bar in a Stand Along Building; included in Sale Price

Denver, CO (Denver County)

Seller Financing Available
Denver Bar in a Stand Along Building; included in Sale Price

Asking Price:$675,000

Cash Flow:$80,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:$100,000

Inventory:N/A

Real Estate:$650,000

Established:N/A

Denver Bar in a Stand Along Building; included in Sale Price

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Business Description

Located in Denver’s very desirable Wheat Ridge/NW side, this attractive 5,100 sq. ft. building accommodates a vibrant bar crowd with a sizable dance floor, stage and game room - and is extensively equipped with an estimated FF&E of more than $100,000. Furnishings include high-end, flat screen TV’s, top-shelf audio/stereo equipment, lights and self-contained band hook-ups.
Business sits upon a 25,000 s.f. parcel of land, making this an ideal acquisition for development. New condominiums are being constructed less than a mile west of the location, carrying an individual unit sale price of $280,000. Combining the retail bar and residential aspects would provide future revenues well beyond asking price. Developer could easily construct 80-100 apartments, or 50-
60 spacious condos. Do the math!
Friendly, comfortable confines give way to a well-appointed bar area. Game room is accessible through open walkway and the kitchen is nicely equipped for standard fare. A beautiful outdoor patio with heaters enables year-round use (smoking area separate from non-smokers).

Fully licensed Tavern and Kitchen, as well as Live Entertainment/DJ permits. It boasts a cash-intensive clientele with SDE (Seller’s Discretionary Earnings) averaging around $80-$100,000 annually.

Seller is relatively an absentee owner (10 hours per week) but he is retiring to another state. Asking $675,000 for both business and real estate. Real Estate alone valued at $650,000. Favorable terms, Seller will carry a substantial note to well qualified Buyer. Note: Owner prefers to sell both the enterprise and real estate components of this offering … as such, a discount could be extended. For further information contact Vanguard Business Brokers 616.648.1132.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,100 sq. ft. stand alone building, included in sale price
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Retirement

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Ken George

Business Listed By:
Ken George

Texas Broker

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Sponsoring Broker:
Jeff Jones

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