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Well-Established Specialty Restaurant

Denver, CO (Denver County)

Well-Established Specialty Restaurant
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Asking Price: $2,199,000

Cash Flow: $560,867

Gross Revenue: $3,129,817

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Real Estate: N/A

Established: 1989

Well-Established Specialty Restaurant

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Business Description

REAL ESTATE INCLUDED IN SALE PRICE. This very well established full service restaurant serves both lunch and dinner. They have a varied menu within their specialty offering. Using high quality, fresh ingredients, the made from scratch traditional dishes are renowned. This local favorite also has a full service bar. The Company has many repeat customers and numerous patrons have become part of their extended family. Their lunch business is exceptionally strong capitalizing on local businesses in the area. In an industry known for high turn-over, staff is very tenured and there is limited turnover. The current owners are absentee and only occasionally work in the business. The facility has been well maintained and new booths will soon be installed. There are opportunities for revenue growth by focusing on marketing areas that have not yet been addressed. The current absentee owners are ready to completely retire and look forward to transitioning the business to new ownership that will maintain the legacy built over decades and take it to the next level.

Detailed Information

Location:
Denver, CO
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
53
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Retirement
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(from currently available funds)
 
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D. Erik Porter

Business Listed By:
Erik Porter

Business Acquisitions, Ltd.

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


Sponsoring Broker:
Pat Williams

Listing Statistics

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Demographic Information

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