Restaurant, Craft Beer & Full Bar, $138K SDE, High Traffic Locale

Jefferson County, CO

Seller Financing Available
Restaurant, Craft Beer & Full Bar, $138K SDE, High Traffic Locale
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Asking Price: $395,000

Cash Flow: $138,000

Gross Revenue: $845,000

EBITDA: $138,000

FF&E: $76,385

Inventory: $15,000

Rent: $3,300 /Month

Established: 2014

Restaurant, Craft Beer & Full Bar, $138K SDE, High Traffic Locale

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Business Description

Restaurant,Craft Beer & Full Bar, $138K SDE, High Traffic Locale

*Gross Sales in 2018 = $845,000

Profitable restaurant and bar serving a unique spin on pub/craft fare and a wide variety of local craft brews and craft spirits. This restaurant is turn key. Steady year over year growth. It has a very loyal local following and is a popular stop during all seasons for the tourists and mountain travelers. The online reviews are impressive.

Located in a popular and affluent foothills community just 30 minutes from the Denver Metro area. The Seller Discretionary Earnings are $138,000 to an owner operator. The business comes with an experienced, high performing kitchen manager and bar manager. These two managers can operate the business in the owner’s absence. A new owner would simply need to oversee their management team.

The financials are very clean and match the tax returns. A CPA has overseen their books and accounting since day one. Lending is available to a well qualified individual.

Detailed Information

Location:
Jefferson County, CO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
11/1/2023
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Full service kitchen and bar, large, open floor plan. Outdoor patio that seats up to 50 with plenty of designated parking. In charming downtown district with tons of local and tourist traffic.
Competition:
Several other restaurants/bars in the area, however, the menu is unique and the selection of local craft beers is unmatched. Google rates this restaurant as top 5 in the area. They are the only menu and beer selection of its kind in the downtown district.
Growth & Expansion:
The city is growing rapidly. Average household income is high and on the rise. Hours of operation could be expanded. There are many advertising, cross-promotional opportunities that the business has not taken advantage of. There is a lot of room to grow the online profile of the business. There is some unused space in the building that a creative owner could turn into customer seating/access.
Financing:
Small amount of Seller Financing if needed
Support & Training:
30 days
Reason for Selling:
Pursue other business ventures
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(from currently available funds)
 
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Scott Mainzer

Business Listed By:
Scott Mainzer

MDR & Associates

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Sponsoring Broker:
Michael D. Rubin

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