Price Reduction: Boulder Restaurant Conversion

Boulder, CO (Boulder County)

Boulder CO
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Asking Price: Get Financing: $125,000

Cash Flow: N/A

Gross Revenue: $1,025,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Lease Rate: $35.25 /SF/Year

Established: 2013

Price Reduction: Boulder Restaurant Conversion

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Business Description

Open your own Boulder restaurant

New owner wanted to continue or open their own concept in a well-designed and flexible space in the City of Boulder.

After nearly 6 years, the current owner is moving out of state and is offering the chance to quickly establish your own profitable restaurant concept in a rapidly growing and great part of the city. Enjoy regulars and locals over the tourist business at a fraction of typical build-out cost($200-$250/sq foot on average) by using the existing space and the entire current furniture, fixtures and equipment assets. The tenant invested heavily into leasehold improvements and the space and fixtures present an engaging environment.

Landlord is willing to offer 3 months FREE BASE RENT to a quality buyer! Lease is $7622/month including NNN Expenses. An assignable lease is in place with 18 months remaining plus two-5 year options after at below Boulder market rates.

Take advantage of a fully transferable Hotel-Restaurant liquor license with no violation history, eliminating the need to go through the time-consuming and burdensome process of securing a new license with the Boulder Liquor Authority.

Inventory not included- but can discuss terms if wanted(liquor most likely).

The turnover time would ideally be early January 2019.

NDA needed to move forward.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
2,590
Lease Expiration:
2/27/2020
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All equipment, furniture, fixtures & supplies to run a restaurant for 80 people are included, plus a 4,000 person email list and social media pages. Free parking lot plus street parking available. Patio seating for an additional 30-40 guests in-season with NO RENTAL FEE!
Competition:
Limited competition in the immediate area.
Growth & Expansion:
Growth in the area is high as one of the few remaining Boulder locations with already approved projects before the building height moratorium.
Reason for Selling:
Relocating
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Business Listed By:
Not Disclosed

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