Business Summary:
Outstanding opportunity for experienced bar and restaurant operator! Low price, reasonable lease terms, and continuing, long-standing success make this an excellent buy. The land itself is a great investment opportunity for the future, but if you want to simply run a fun place for guys and gals alike, the owners will lease you the property. The two owners work full-time and draw salaries and expenses worth approximately $80,000, not counting tips, but replacing both would cost about $50,000. The business spent over $35,000 on live music in 2007 but the returns were negligible therefore owners are going to pocket that money next year with no expected decrease in revenues. That means SDE for one owner/operator will be around $100,000, and for a non-working owner approximately $65,000. Long history with great food and fun reputation.
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| Year
Business was Established: 1988 |
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| Number of Employees:
2FT/8PT |
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| Facilities / Terms of Lease:
The business is leased by the owners from their own LLC. They pay themselves $3100 per month and will provide a new owner of the business with a reasonable lease based on the current market of the area, and provide a right of first refusal for the eventual sale of the property. The property is approximately 86,548 sq.ft. and the building is approximately 2940 sq.ft. according to county assessor records. |
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| Potential
Growth/Expansion:
Strengths
The area is booming, one of the fastest growing in Colorado, and perhaps this is time for a change. New owner could offer almost any menu they want, change the style, or simply keep it going. This is a blue-collar bar for locals and students.
Opportunities
Monday-Friday 2:00 p.m. to 2:00 a.m., Saturday 11:30 a.m. to 2:00 a.m., Sunday 11:30 a.m. to 12:00 p.m. Notice, no lunch service. Expand the hours and increase revenues! |
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| Competition:
The franchises have come and gone, and lots of independents, but this landmark just keeps on selling beer, drinks and good food. No body has a patio like this place. |
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| Owner
willing to finance:
Seller will consider all offers. |
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| Owner
willing to train:
Seller will assist with transition. |
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| Reason for selling:
Owners ready for a change after 20 years. |
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Seller Reference Number: bm1424510246
BusinessMart.com Listing Number: 45137 |
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on this business
please fill out the form shown right 
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