40 Year Family Restaurant - Real Estate For Sale

Grand Junction, CO (Mesa County)

40 Year Family Restaurant - Real Estate For Sale
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Asking Price: $220,000

Cash Flow: $95,000

Gross Revenue: $531,000

EBITDA: N/A

FF&E: $150,000

Inventory: $10,000*

Real Estate: $300,000*

Established: 1978

*not included in asking price.

40 Year Family Restaurant - Real Estate For Sale

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Business Description

This is a busy and profitable restaurant with more than 40 years of successful family ownership behind it. The signature product is a Detroit style square pan pizza and that is a crowd pleaser! The business has focused on providing lunch and dinner to downtown customers. Walking distance to the downtown shopping and nightlife area. The location enjoys high visibility from a busy street and excellent parking.

This restaurant is large enough to produce a nice income for an owner operator and small enough for a hands-on operator to run easily with a few staff. The current owner stepped in when the founding generation wanted to retire. She has maintained outside consulting work and now would like to return to that work full time.

This business enjoys a prominent location with good visibility just off Main in the center of town.

Please Note: Potential buyers will be asked to complete buyer registration, sign a non-disclosure, interview with broker and provide evidence of the means to complete a transaction of this size before additional confidential information will be disclosed.

Detailed Information

Location:
Grand Junction, CO
Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owned. Seller prefers to sell the property with the business but will consider other deal structures.
Competition:
There are many other restaurants in the Grand Junction area.
Growth & Expansion:
The addition of some higher priced menu items could grow sales. Returning to seven days per week would increase sales.
Financing:
Seller prefers a cash buyer.
Support & Training:
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
Reason for Selling:
Returning to unrelated career.
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Steve Hitchcock

Business Listed By:
Steve Hitchcock

Touchstone Business Advisors

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Sponsoring Broker:
Charles Spickert, CBI

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