Downtown Profitable Italian Restaurant – With or w/o Real Estate

Grand Junction, CO (Mesa County)

Downtown Profitable Italian Restaurant  – With or w/o Real Estate
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Asking Price: $300,000

Cash Flow: $140,600

Gross Revenue: $780,000

EBITDA: $140,600

FF&E: $100,000

Inventory: $30,000*

Real Estate: N/A

Established: 1989

*not included in asking price.

Downtown Profitable Italian Restaurant – With or w/o Real Estate

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Business Description

Il Bistro is a profitable full-service high-end Italian restaurant in arguably the best location in Downtown Grand Junction. Business and real estate for sale. Turn-key. Two story building on the corner of 4th and Main Street in Grand Junction, CO. Covered and heated outdoor patio is hard to find. Food is amazing. Everything made from scratch. Their concept or yours. Plenty of training included if needed. Business is for sale for $300,000. All assets included. Real Estate is for sale for $750,000. Recent commercial appraisal completed and available showing $800,000 value.

Detailed Information

Location:
Grand Junction, CO
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
780,000
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Prime downtown corner location. This is a full-service Italian restaurant. The main dining room can hold a total of 50 patrons. There is additional dining space located along the south side of the improvements which holds an additional 12 to 18 patrons. There is a smaller private dining room which seats an additional 22 people. This room can be used for private events, including business meetings, rehearsal dinners, and other private events. In addition to the indoor seating area, patio space is leased from the City of Grand Junction. There is a canvas enclosure which can be opened in the summer. The patio has gas heating and cooling system which allows the restaurant to seat this area all year. 3583 sqft main level and 750 sqft upper level.
Competition:
Competition not a problem. Lots of restaurants downtown, but each restaurant has their own concept and following.
Growth & Expansion:
They recently changed the business model and went to less hours. Potential for a great operator to change the model again and grow revenues.
Support & Training:
Owner would prefer to sell the business as-is with complete Italian concept and brand in place. If so, plenty of training available. If buyer wants to bring their own concept, that works as well.
Reason for Selling:
Owner retiring and plans to move.
Business Website:
http://ilbistrotroitaliano.com
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Eric Payne

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The Colorado Association of Business Intermediaries (CABI).

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