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High Volume, High Profit Restaurant and Bar for Sale in Colorado Sprin

Colorado Springs, CO (El Paso County)

High Volume, High Profit Restaurant and Bar for Sale in Colorado Sprin
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Asking Price: $499,000

Cash Flow: $178,776

Gross Revenue: $1,153,226

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,040 /Month

Established: 2001

High Volume, High Profit Restaurant and Bar for Sale in Colorado Sprin

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Business Description

Bring your Offers!

Buy this Colorado Springs Restaurant and Bar for Sale! In business for 18 years with sales of over $1,150,000 and Seller's Discretionary Income approaching $200,000! Includes an expansive and growing catering business.
This Colorado Springs Restaurant and bar for sale is located in a strip center with easy access, great visibility. good signage and plenty of parking. With almost 3500 square feet, it seats 14 at the bar and 70 inside. It's no wonder it's pumping out sales of more than $1.1 Million and putting $178,000 in the owner's pocket! In fact, the business takes in over $1000 a month in vending income. The bar and restaurant have a ''sports bar'' theme with plenty of flat screen TVs, pool tables and dart boards. A transferable beer, wine and liquor license is included.
The restaurant and bar for sale has lots of food options. Contact We Sell Restaurants today for more information. Currently serving a menu of scratch-made comfort food for late breakfast lunch and dinner. The menu features appetizers, soups, salads baskets burgers and sandwiches. It includes some specialty items you do not see every day in ''sports venues'' like made from scratch offerings, daily specials and stews.
This restaurant and bar for sale has a very loyal following of regulars and online and word of mouth reviews are great. This deal also includes a professionally done website and Facebook page. A well-trained staff of about 22 including a manager enables the current owners to be off nights and weekends.
Currently 30% of sales at this restaurant and bar for sale comes from off premise catering and delivery. Two van delivery vehicles are included (both have existing financing) that will enable a new owner to increase the scope and span of the catering and delivery business which could easily be doubled with more marketing and attention. The operation currently uses Grub Hub, other delivery services and their own vehicles for delivery and a labor reducing online ordering system.
The restaurant and bar for sale includes all equipment such as a two terminal POS system. The fully equipped commercial kitchen has it all and would support nearly any menu. It features a large hood, in ground grease trap, walk-in cooler and freezer, ice machine, fryers, char broiler, double oven 6 burner range as well as plenty of hot and cold storage. There is a camera and security system present. The large prep area increases catering support. Rent is very reasonable at $5050 per month. The current lease is up in a year but the landlord is aware of the up-coming sale and will work with a new tenant on a lease that works for all.
This is a great deal for a Buyer looking for a restaurant and bar for sale with great cash flow and still plenty of upside. We have already provided our preferred lenders with financial information. This business should qualify for SBA and conventional financing with 20% down. The Seller would consider financing a qualified buyer with a larder down payment. Complete, accurate and up-to-date books are available.
This particular Seller is VERY concerned about confidentiality and has instructed the Broker to release no information about the business until any prospective Buyer has signed the online nondisclosure agreement and provided proof of, at least, $100,000 in liquid assets to the Broker.

Detailed Information

Location:
Colorado Springs, CO
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
7/31/2020
Employees:
22
Facilities:
Large exterior neon building sign Open sign Take out neon sign Delivery neon sign Window blinds 40 chairs 44 bar stools 10 hi top tables 17 tables 2 50 inch flat screen TVs 4 40 inch flat screen TVs Misc art work and decor True bottle and glass cooler Ice bin speed rail and drain sink combo 60 inch beer bottle trough True 2 door keg cooler True 3 door keg cooler 2 chrome metal shelves 2 POS screens 2 touch screen printers 2 kitchen printers waste baskets mops Misc cleaning items Phone system Safe Misc shelving 4 catering tables SS prep sink Lockable Liquor storage cages can rack SS prep table Bev Air 2 door reach in refrigerator True 2 door reach in freezer salad spinner Large cooler Pressure washer Walk in cooler Walk in freezer Step ladders Misc food storage 2 high chairs 2 booster seats phone system scales 2 portable heaters Various catering utensils and equipment Bev Air prep cooler with cutting board 2 Kitchen Aid mixers Blender Hot window Food processor 2 toasters Microwave Kitchen and bar smallwares 2 30 gal fryers Char broiler Globe 12 in slicer 2 door reach in freezer 300lb ice machine True 2 door reach in refrigerator SS utility cart HP printer fax copier camera system 3 computers
Competition:
Located in a strip center in a residential area No other full service competition around and very little space to develop Great reputation and full delivery business
Growth & Expansion:
Delivery and catering business opportunity is limitless Deal includes two vehicles to grow that area of business Currently doing 30 of sales off premise That could be doubled Current owners do very little marketing
Support & Training:
10-14 days more TBN
Reason for Selling:
New Career
Business Website:
http://www.wesellrestaurants.com
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Bob Steinberger

Business Listed By:
Bob Steinberger

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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