Italian Restaurant in Booming Loveland 0Colorado

Loveland, CO (Larimer County)

Italian Restaurant in Booming Loveland 0Colorado
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Asking Price: $130,000

Cash Flow: N/A

Gross Revenue: $430,000

EBITDA: N/A

FF&E: $78,700

Inventory: $20,000

Rent: $1,435 /Month

Established: 2015

Italian Restaurant in Booming Loveland 0Colorado

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Business Description

2,200 SF restaurant in downtown Loveland, Northern Colorado's creative hub. Galleries, studios, hotel, theatres, etc., nearby. The restaurant currently only serves dinner. However, it is ideally situated for lunch, Sunday brunch, etc. Although the restaurant is surrounded by apartments and businesses, less than 1% of sales is delivery.

Parking: street and many nearby municipal lots Cuisine: Italian Ownership: Absentee The restaurant has approx. 86 seats at 23 tables. In addition, there are 4 seats at the bar and another 12 on the patio. The restaurant has a separate dining area that would be ideal for private parties and business meetings.

The current owner does not work in the business. This is an excellent opportunity for an experienced person to build on the strong dinner business.
Revenues: $425,000 DINNER ONLY
Food: 74.4% of sales Alcohol: 24.1%
Rent: 3.6% of sales
Asking: $110,000 + inventory (approx. $20,000)

Detailed Information

Location:
Loveland, CO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,444
Lease Expiration:
N/A
Employees:
3FT 15PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
The opportunity: open for lunch / late lunch / early bird dinner offer delivery offer pizza
Support & Training:
Yes
Reason for Selling:
Other business interests
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Ben Mahrle

Business Listed By:
Any Broker

Mountain States Business Brokers Team

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Memberships & Certifications:
Indicates membership in The Colorado Association of Business Intermediaries (CABI).

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