Denver Restaurant for Sale in a Great Urban Neighborhood

Denver, CO (Denver County)

Denver Restaurant for Sale in a Great Urban Neighborhood

Asking Price:$179,000

Cash Flow:N/A

Gross Revenue:N/A





Denver Restaurant for Sale in a Great Urban Neighborhood

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Business Description

This successful restaurant has been a neighborhood favorite since the day it opened. Elegantly appointed, yet simple in design, this bistro style restaurant has a very sophisticated ambiance with plenty of natural light and comfortable seating. The small bar and lounge area is adjacent to the main dining area and compliments the energy of this natural flowing restaurant. A "just the right size" kitchen easily handles this busy neighborhood mainstay and has ample room to handle the consistent catering business generated by this popular restaurant for lease. There is generous space and complete with plans for the new owner to add approximately 42 seats for patio dining. The average household income in a one mile radius is $83,906 and over 25% of the households are above $100,000. In addition to the main floor, there is an unfinished basement at no additional rent. With an under market long-term lease, this is a unique opportunity in a very tight Denver restaurant real estate market. Purchase the assets at a fraction of what it would cost to build and open today!

Detailed Information

2,558 SF fully equipped 60 seat restaurant, 40 seat dining room and 20 in the bar area. There is a plan in place for approximately 42 seats for a patio. There is a 2,000 SF unfinished basement at no additional rent. Modest sized, fully operational kitchen with 12' hood. Rare dedicated off street parking. An under market, long-term lease is in place currently $4,583 per month.
This restaurant opportunity is ideal for most concepts. Denver is one of the hottest restaurant markets in the country. The retail real estate market is extremely tight, especially for second generation restaurants. Rents and construction costs are at an all-time high making this an incredible opportunity when you can purchase the assets at a fraction of the cost to build, not to mention the time saved.
Support & Training:
This opportunity is a conversion. Seller will familiarize buyer with the facilities at no additional charge.

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Mark Valente

Business Listed By:
Mark Valente

Sanborn and Company

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Sponsoring Broker:
Shawn Sanborn

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