28 Year old neighborhood spot for sale

Boulder, CO (Boulder County)

Seller Financing Available
28 Year old neighborhood spot for sale
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Asking Price: $200,000

Cash Flow: $50,000

Gross Revenue: $9,500,000

EBITDA: $70,000

FF&E: $20,000

Inventory: $4,500

Rent: $5,000 /Month

Established: 1991

28 Year old neighborhood spot for sale

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Business Description

28 Year old Restaurant in beautiful Boulder, Colorado

Great neighborhood spot that has serviced North Boulder residence for over 28 years. Classic layout that includes 2 dining rooms, Bar room, wood fired oven, and very large kitchen. Currently operates 7 days a week 5pm - 9pm. Huge opportunity for breakfast, lunch, brunch and catering. Nightly specials, great martini and wine list, tap system.

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Detailed Information

Location:
Boulder, CO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,300
Lease Expiration:
7/31/2019
Employees:
26
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All equipment included including off-site storage unit. 40 person covered patio. Grandfathered hotel and restaurant liquor license that is fully transferable. Lease currently ends 7/31/19, landlord is aware of desire to sell and is available to negotiate new lease.
Competition:
North Boulder continues to grow with new residential development. No new commercial development is approved. only a dozen restaurants servicing 30k residence. Average home is over 1m. average household income over 6 figures. GREAT AREA.
Growth & Expansion:
Currently we do not offer breakfast, lunch, brunch or do any catering. These are the "low hanging fruit".
Financing:
Willing to carry 30% of Sale
Support & Training:
2 week on site training and lifetime support.
Reason for Selling:
Openning a cider company
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Business Listed By:
Noah Westby

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