Established Highly Profitable Family Restaurant Opportunity in Mountain Metro
About the Business: This is your opportunity to own and operate a unique, non-franchised restaurant with fantastic profit margins along the Highway 285 Corridor in a mountain community close to Denver. Excellent accounting, books and records and a fair price have made the business able to be pre-approved for an SBA Loan.
This restaurant was established in 2010 and fills a need of the local mountain community with a family-oriented restaurant that provides excellent service and a variety of well-prepared food and drink items. There is no direct competition in the local area.
The restaurant does a superior job catering to families and is recognized for offering excellent consistent food dishes, appetizers, beer and cocktails. Prospective buyers will be pleased with the immaculate kitchen and premises. This is a place that offers a respite where there is something for everyone to enjoy in a family friendly atmosphere. Locals enjoy the wide selection of craft beers, standard beers, and cocktails. The location on the Highway 285 corridor is the gateway to Park and Summit County activities and sightseeing. Performance of business has been and is currently in upward trend.
Please note that confidentiality is of the utmost importance and limited information is provided in this advertisement until seller approves Confidentiality Agreement is received. To submit Confidentiality Agreement, please click on the following link:
Organizational Structure/Staff Duties and Responsibilities: As confidentiality is of the utmost importance in this community, and generally speaking, the staff is not aware of the business being for sale. More details will be provided upon receipt of seller-approved Confidentiality Agreement. This restaurant provides an excellent opportunity for employment for the local area and an owner that treats the staff with respect should enjoy the loyalty of the staff.
Inventory & FFE: The sale of business includes approximately $50,000 of Furniture/Fixtures/Equipment and $25,000 of Inventory.
Growth and Expansion for the Business: The area is slated for growth to be consistent with the current thriving Colorado economy. More and more people continue to seek refuge from the Denver area to enjoy the high-quality lifestyle the mountain areas provide.
Competition: No direct competition exists.
Premises and Lease:
The Seller has an excellent relationship with the landlord and a new business owner with good credit should be able to continue the relationship by obtaining a new comparable lease. Please note that SBA Loans require a lease that has terms of 10 years. Sellers will make introductions to the landlord at the appropriate time and facilitate the process of lease acquisition.
Training and Transition: detailed manuals of policies and procedures in place. There are records of recipes, pictures, and instructions for all of the items. Most things are standardized. Seller is enthusiastic about sharing the recipe for success to an eager new operator. 2 weeks of training are included in the sale of the business but additional operational assistance can be available on a consulting basis.
Financing: Because of the excellent books, records, and accounting, this restaurant has been pre-approved by an SBA Lender to a qualified Buyer with only 10% Down Payment. In order to qualify for the loan, the buyer should have food service/restaurant management experience, and also not be an investor or absentee owner. With only 10% of the Purchase Price as a down payment, the seller believes the performance of the business indicates that a buyer should be able to service the loan and still have an adjusted net profit of over $200K per year! Profitable opportunities that are in the restaurant industry, and in the mountain metro area of Denver are rare.
Reason for Selling: Relocation and retirement.