Please excuse the inpersonal AI generation below, but Im a much better restauranteur than a copywriter. We're well loved in the community and its a great business for someone ready to work it or to add to your current portfolio. Feel free to reach out with questions. Thanks for taking a look.
Established Mexican restaurant and tequila bar located on Main Street in Durango, Colorado, offering a turnkey opportunity in one of the Southwest's premier mountain destinations. Operating successfully since 2019, this trendy establishment generates $1,200,000
Business Overview:
Switchback distinguishes itself from other Mexican restaurants with a modern menu, contemporary styling, and trendy atmosphere that appeals to both locals and tourists. The 2000 square foot space features $75,000 in furniture, fixtures, and equipment. A 700' patio is include and ready for activation.
Financial Performance:
With strong profitability metrics and a sub-3x revenue multiple asking price of $475,000, this business demonstrates solid financial fundamentals. The current absentee ownership structure suggests significant upside potential for an engaged owner-operator.
Location Advantages:
Positioned on Main Street, the restaurant benefits from high visibility and foot traffic from both residents and the steady stream of tourists arriving via train. Durango's selection as host for the 2030 World Mountain Bike Championships positions the market for substantial growth in visitor volume and related business opportunities.
Operational Strengths:
The business maintains low staff turnover with experienced, reliable kitchen and bar management committed to supporting the transition. The solid team foundation provides operational continuity for new ownership.
Growth Potential:
Current ownership projects potential EBITDA growth to $300,000 annually under active management. Strategic improvements such as expanding premium bar offerings could significantly increase profitability. The established customer base and prime location provide a strong foundation for expansion.
Lease Terms:
Monthly rent of $4,950 with lease expiring January 1, 2027. Landlord to offer four additional five-year renewal terms.
Financing:
Seller financing available to qualified buyers.
This opportunity combines proven performance with substantial growth potential in a desirable Colorado mountain market, ideal for an owner-operator seeking to maximize the business's full potential.
Ad#:2417838
