Italian Restaurant for Sale in Denver, Colorado with Good Cash Flow

Denver, CO (Denver County)

Italian Restaurant for Sale in Denver, Colorado with Good Cash Flow
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Asking Price: $269,000

Cash Flow: $117,180

Gross Revenue: $894,735

EBITDA: $87,180

FF&E: N/A

Inventory: N/A

Established: N/A

Italian Restaurant for Sale in Denver, Colorado with Good Cash Flow

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Business Description

This beautiful restaurant is located in one of Denver’s most popular and dense neighborhoods. This Denver urban neighborhood includes many condo/loft projects, museums, restaurants, bars, galleries and music venues. While this is a very dense neighborhood there continues to be growth including an apartment building with 844 units currently under construction and two other buildings that will add at least another 400 units in the near future. The location is great but the business is even better with consistent growth and owner’s compensation of $117,000 in 2018. This Denver restaurant consistently gets high praise on all social network sites as well as high ratings on Open Table. The kitchen is very well equipped including a wood-fired oven, immaculately clean well organized and efficient. This restaurant has a complete staff, chef and management in place and requires minimal hours from the owner who travels often. This business can continue to operate as an Italian restaurant with all the recipes or convert to your own concept. The facility has a beautiful build out, an H&R liquor license and a fully equipped kitchen that will support most any menu. There is an under-market lease at only $22.99 per square foot. This is a great opportunity to purchase a cash flowing restaurant and bar in a great trade area.

Detailed Information

Location:
Denver, CO
Facilities:
This 2,736 SF restaurant and bar has 69 total seats, with 56 in the dining room, 11 at the bar and 12 on the patio. The kitchen is very well equipped including a wood-fired oven, 6’ and 19’ exhaust hoods and is immaculately clean, well organized and efficient. There is an under-market lease at only $22.99/SF NNN.
Competition:
Located in one of Denver’s most popular and dense neighborhoods, with many retail and residential construction projects currently being built. This neighborhood continues to grow as well as this business, with owner’s compensation at $117,00 in 2018. This is a great opportunity to purchase a cash flowing restaurant and bar in a great trade area.
Support & Training:
Seller will provide training at no additional cost TBD.
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Mark Valente

Business Listed By:
Mark Valente

Sanborn and Company

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Sponsoring Broker:
Shawn Sanborn

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