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Restaurant and Bar in Colorado Springs. Will Convert to Any Concept!

Colorado Springs, CO (El Paso County)

We Sell Restaurants
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Asking Price: $99,000

Cash Flow: $0

Gross Revenue: $314,295

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $7,566 /Month

Established: 2011

Restaurant and Bar in Colorado Springs. Will Convert to Any Concept!

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Business Description

Fully equipped Asian Restaurant for sale in Colorado Springs. Currently operating as an Asian / Sushi restaurant but would convert to nearly any concept easily and inexpensively. Seller is motivated. Bring all offers!
Be part of the dining explosion taking place in Colorado Springs! This Asian Restaurant for Sale in Colorado Springs is ready to go for a new buyer and would convert to any concept. It is located in a busy strip center with good demographics and great traffic counts. Colorado Springs is regularly voted one of the best places to live in the US. Located at the foot of the front range in is vibrate and growing. Home to the United States Air Force Academy and the United State Olympic headquarters and has a fast growing economy supported by the tech and military industries. Colorado Springs has over 300 days of sunshine a year and is one of the fastest growing cities in the US.
Brought to you by We Sell Restaurants, this Asian restaurant for sale features good signage and visibility on Powers Boulevard, one of the busiest North / South streets in Colorado Springs. The dining room seats about 70 with a nice outdoor patio with seating for a dozen more. There is a small bar with a keg cooler and POS system. There are three flat screen TVs as well as some booth seating. There is even a separate party/banquet room that seats an additional 20 or so.
The fully equipped commercial kitchen has it all and would support nearly any concept. The 2600 square foot space features two separate hood systems, both with fire suppression, a walk-in cooler and freezer, sandwich prep coolers, 6 eye stove with oven, microwave, fryer, ice machine, dishwasher (owned - not leased) as well as plenty of hot and cold storage. There is an extensive camera system and music system in place. A good lease with 9 years remaining at $7561 per month that includes trash removal and water is in place till 2028.
This Asian restaurant for sale would convert to nearly any concept easily and inexpensively including any of the following concepts: Mexican, BBQ, Italian, Pizzeria, Ramen/Pho, Upscale Wine Bistro, a Cafe, Deli, Sports bar and MORE!
This is an asset sale so no financials are available. Your decision to purchase this Asian restaurant for sale should be based on what you feel you can do with the location and assets moving forward and not past financial history or results.

Detailed Information

Location:
Colorado Springs, CO
Real Estate:
Leased
Building SF:
2,600
Lease Expiration:
12/31/2028
Employees:
7
Facilities:
Note Some of the equipment belongs to the landlord Tenant may use it for the duration of the lease FOH 6 bar stools 3 6 tops 13 2 tops 1 6 top booth POS system with 2 terminals Keg cooler 2 door glass reach in cooler Ss hand sink Bus cart 3 flat screen TVs 7 2 tops in party room 54 chairs misc decor BOH reach in freezer sandwich prep cooler SS prep table Lg Sandwich prep cooler bottom does not work rice cooker 6 eye burner with stove SS hand sink prep table sm glass reach in sushi display case 2 bus carts 3 rice warmers microwave crock pot Ss prep table fryer 2 hoods ice machine SS hand sink dishwasher SS tri sinks Veg prep sink misc pots and pans misc food utensils bus tubs SS hand sink camera system walk in cooler and freezer
Competition:
Lots of direct competition in the area New owner should consider converting concept Great visibility on major North South thoroughfare in busy center
Growth & Expansion:
Physical plant will convert to any concept easily and inexpensively FF E is in good condition and would support nearly any concept
Support & Training:
10-14 days more TBN
Reason for Selling:
New Career
Business Website:
http://www.wesellrestaurants.com
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Contact the Seller

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Bob Steinberger

Business Listed By:
Bob Steinberger

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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