Full Service Restaurant and Bar for Sale in Palmer Lake, Colorado! Mou

Palmer Lake, CO (El Paso County)

Full Service Restaurant and Bar for Sale in Palmer Lake, Colorado! Mou

Asking Price:$229,000

Cash Flow:$78,135

Gross Revenue:$497,319

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:$2.92

Established:1956

Full Service Restaurant and Bar for Sale in Palmer Lake, Colorado! Mou

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Business Description

Full service restaurant/bar in Palmer Lake for sale

Full Service Restaurant and Bar for Sale in Palmer Lake, Colorado! Mountain town living, close to two major metro areas! 800 sq ft covered patio with incredible mountain views!

Buy this business and operate your own full service Restaurant and Bar for Sale. Experience true mountain town living just minutes from two major metro areas! Nestled in the heart of scenic Palmer Lake, Colorado, this opportunity is rich with history and old-world charm. Serving this scenic and affluent community since 1956, this Profitable Restaurant and Bar For Sale is a great opportunity for any entrepreneur who wants to live the good life! Unlike most restaurants, this building’s second level has a 4 bedroom/1 bath living quarters with a private entrance. Perfect for any owner-operator or rent out the space for additional revenue. With 3400 sq ft of inside dining and an additional 800 sq ft of second level living space the monthly rent including property taxes is a staggeringly low $3900!

This profitable Restaurant and Bar for Sale offered by the restaurant brokers includes a dining area that seats over 100 people with a full bar, 5 tap beer system and small private dining area. The beautiful interior features tasteful hardwood and stone accents along with two large gas fireplaces. The furniture and fixtures in the establishment are perfect for any type of cuisine. In addition, the establishment offers guests a 7200 sq ft beer garden with a live entertainment stage for special events! With a huge influx of traffic coming into town to enjoy the newly revitalized lake front and municipal park this fully liquor licensed beer garden could be used for concerts, weddings, birthday parties or any other event you can imagine! To service those events the establishment has ample seating and an outside bar with an 8 tap beer system as well.

The back-of-house features a fully equipped commercial kitchen including an 12 foot exhaust hood with fire suppression, walk-in cooler, 3-door True reach-in sandwich board cooler, 2 three compartment sink lines, 10 eyed burner gas range, Imperial range, Golden-Fry fryer, 3 door reach in cooler, steam table, stand up reach-in freezer, 2 Clover POS systems and much more! Currently serving Italian/American menu items to include hand-cut steaks, fresh seafood, pasta dishes and an array of salads, this profitable restaurant and bar for sale is a true turn-key operation.

Live, work and play in one of the most sought after areas in all of Colorado! Palmer Lake is a prosperous and growing community, located between Denver and Colorado Springs, only 2 miles west of Interstate 25. The current operators of this Restaurant and Bar for Sale did sales under $500,000 and the total owner benefit was over $78,000 last year despite limited operating hours and being closed on Sunday and Monday...a huge opportunity to increase sales and profits for any new owner. Interested in purchasing the real estate instead of leasing this space? The property is for sale as well! Just contact your certified restaurant broker, John Kesterson, for more details about the real estate and list price.

Please click on the tab below to sign a confidentiality agreement and obtain the name and address of this Restaurant and Bar for Sale. As this is a private listing please be prepared to show proof of funds to John Kesterson before the name, address and financials will be supplied.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
12/31/2016
Employees:
13

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John Kesterson

Business Listed By:
John Kesterson

We Sell Restaurants

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Sponsoring Broker:
John Jordan

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