100% location! Turnkey Established Restaurant / Long Term Lease

Durango, CO (La Plata County)

100% location! Turnkey Established Restaurant / Long Term Lease
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Asking Price: $199,500

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,500 /Month

Established: N/A

100% location! Turnkey Established Restaurant / Long Term Lease

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Business Description

100% location! This turnkey restaurant, equipment, furnishings, furniture and equipment allow a new owner to open immediately. The restaurant, now Francisco’s is 4,000 sf. with a large basement with 4 walk ins (beverage walk in cooler, for kegs, margaritas etc.) freezer and refrigerated walk ins. Plenty of storage for liquor, dishes, kitchen ware etc. The 600 block is the highest pedestrian traffic block in Durango. Exposure to likely over 600,000 visitors a year walk by this restaurant. The Seller is retiring and is ready to have someone take the platform either for Mexican food as it is now or for their own specialty. The location will not need added FF&E and improvements to begin operating. Long term lease available.

"A Family Tradition for Over 50 Years"
Francisco's Restaurante y Cantina was established in 1968. Francisco (Francis) and his wife Claudine Garcia purchased the business previously known as "Joe's Place."
It then became "Francisco's Lounge" and a gathering spot for locals and tourists enjoying nightly live entertainment. Claudine was in charge of the kitchen, and started making homemade chili and tortillas.
At the time, the restaurant only had a few tables. Taking pride in their Hispanic culture, the Garcias' decided to start serving traditional New Mexican food using old family recipes.
For over four decades, Francis and Claudine Garcia and their two sons, Skip and Ted, and eventually their grandchildren, all became part of the family restaurant tradition.

"Our Beloved Teddy and the Present Day"
"Chef Ted" was the head chef and the inspiration as well as the creator for the addition of southwestern, steak, and seafood specialties. Francisco's grew from only seven tables to over 80 and served up to 250 people.
Fifty years and several expansions later, Francis and Claudine have come full circle back to their original roots of serving primarily New Mexican specialties in a smaller "original" home-like atmosphere.
From our humble beginnings in 1968 to now, our family philosophy has always been to treat and serve our customers like family.

Detailed Information

Location:
Durango, CO
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Business Website:
http://www.franciscosrestauranteycantina.com/
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John Wells

Business Listed By:
John Wells

The Wells Group

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Sponsoring Broker:
Zane Wells

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