Downtown Tap Room/Restaurant/Events Space For Sale

Colorado Springs, CO (El Paso County)

Seller Financing Available
Street view of Tap House and upstairs patio
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Asking Price: $150,000

Cash Flow: N/A

Gross Revenue: $500,000

EBITDA: N/A

FF&E: $75,000

Inventory: $15,000*

Rent: $0.66 /Month

Established: 2010

*not included in asking price.

Downtown Tap Room/Restaurant/Events Space For Sale

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Business Description

Great turnkey opportunity...

...for anyone wanting to venture into the restaurant/taproom/events business or for an organization wanting to expand into the downtown Colorado Springs market. This business is currently comprised of Brewer’s Republic Tap House and Eatery, an award winning tap house in its eighth year of operation, and Events at 110 Below, an event space comprised of three separate spaces (formerly the Underground Pub.) The entire operation occupies more than 11,000 sq.ft. in the historic, former YWCA built in 1910 on the busy corner of Kiowa Street and Nevada Avenue, across from City Hall.

Brewer’s Republic has been a Colorado Springs ‘best of’ medalist for “Best Tap House” since opening in 2010. We pride ourselves on offering twenty rotating taps of only the best craft beer available, from all over the world. We also have an extensive selection of cans and specialty bombers, as well as Colorado craft whiskies. Our food menu includes specialty pizzas, sandwiches and bar bites, and we offer vegetarian, vegan, and gluten-free options as well.

Events at 110 Below is an events space opened in October of last year available for weddings, intimate gatherings and family to corporate events. It occupies the space that was the Underground Pub for over 30 years. The main pub area is a charming space with tin ceilings and brick and stone walls and seats up to eighty-five people. It has eight built in taps serviced from a walk-in in the basement and enough lighted glass shelving to highlight a substantial selection of liquor. The back bar has a room that can seat up to sixty people and a bar with four built-in taps. It also has a subterranean dance floor that can accommodate up to one hundred people with sound and lighting systems. The upstairs, outdoor, heated and curtained patio overlooks City Hall and can seat fifty people.

The substantial kitchen is about nine hundred square feet and fully equipped to serve banquets and do short order cooking for the tap house. It has a three-deck pizza oven, flat top, grill, two bay fryer, four burner range, convection oven, walk-in cooler, multiple reach-ins, forty-eight-inch pizza prep fridge, forty-eight-inch salad prep fridge, convection oven, Aalto-Sham holding oven, 30-quart Hobart mixer, meat slicer and prep sink. The dish pit has a commercial Hobart dish machine, three bay pot sink, and plenty of room to bust suds.

A non-disclosure agreement and evidence of wherewithal for purchase required to be able to view financials.

Do not go to bar and question employees, all communication must be with me in order to view space.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
11,000
Lease Expiration:
12/31/2020
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
$100K down
Business Website:
http://brewersrep.com
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Business Listed By:
jerry morris

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