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Businesses For Sale > Business For Sale in Colorado (CO)

Restaurant/Bar & Banquet Facility

Colorado (CO)

Asking Price: Gross: Cash Flow:
$129,000 $202,422 $47,000

Furniture and Fixtures Value:
$40,000 (included in the asking price)

Inventory Value:
$2,500 (included in the asking price)

Business Summary:
This recently remodeled restaurant/bar with separate banquet facilities is located in a well established hotel/living center in Colorado Springs, Colorado. Because of its location and the building owner’s desire to have a modern professional operation for their guests and residents, the rent structure is one that cannot be beat.

 

   
Year Business was Established: 1996
   
Number of Employees: 4ft/10pt  
   
Facilities / Terms of Lease: Rent is only $800 per month! In addition, the rent covers all utilities as well as maintenance of the equipment. In addition to the restaurant which is approximately 3,500 square feet, the bar which is approximately 1,100 square feet and shares the same kitchen has its own entrance and hours of operation. There are two separate banquet rooms one approximately 770 square feet and the other approximately 2,250 square feet with an adjacent 1,000 square foot patio.  
   
Potential Growth/Expansion: This is an incredible opportunity for a full-time owner/operator. You would be hard pressed to find a more attractive rent structure and a new owner will be taking over a facility that is completely updated. If one concentrates on promoting the business to outside parties and banquets, receptions, etc., and can create a concept that will draw people to the location then there is no reason this cannot be an extremely profitable business.  
   
Owner willing to train: Negotiable as required by purchaser  
   
Reason for selling: Owner has another business and is spread too thin  
   
Seller Reference Number: GB-0538
BusinessMart.com Listing Number: 31210
 

 

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1-800-530-2295

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