Popular Main Street Italian Restaurant & Bar

Garfield County, CO

Seller Financing Available
Popular Main Street Italian Restaurant & Bar
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Asking Price: $495,000

Cash Flow: $165,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: $50,000

Inventory: $17,000

Rent: $3,500 /Month

Established: 2012

Popular Main Street Italian Restaurant & Bar

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Business Description

Coveted Location and Loyal Follwing!

Full service elevated dining concept restaurant that specializes in locally-sourced products, hand-selected wines and spirits and family-friendly environment. Strong following from the local community and high visibility coveted location creates consistent demand. This is a well-run business with excellent cash flow and return opportunities for a chef, manager, couple or investor. The real estate, which may be leased or purchased, has development opportunities itself separate from the restaurant business. This one is not to be missed!

Detailed Information

Location:
Garfield County, CO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
1/3/2020
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Sunny main street location with excellent sidewalk and drive-by traffic, 1500 sf/55 seats with seasonal outside seating. Real estate is owned by the sellers, which may be purchased separately or a long-term lease will be offered.
Competition:
This restaurant dominates its market with its skillfully developed locally-sourced elevated food and wine concepts and customer service. Currently open for dinner only, reservations are a must on most nights.
Growth & Expansion:
Huge growth potential for a new ambitious owner through adding breakfast/lunch, staying open 7 days/week and/or expanding catering and special events – or keep the same and grow organically!
Financing:
The Seller will entertain offers of varying financial and legal structures.
Support & Training:
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
Reason for Selling:
Retirement
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Contact the Seller

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Charles Spickert, CBI

Business Listed By:
Charles P. Spickert, CBI

Touchstone Business Advisors

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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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