Colorado Year-Round Resort-Restaurant
ASKING PRICE: $ 1,430,000
LOCATION: Telluride, Colorado
GROSS REVENUE: $ 1,445,000
CASH FLOW: $ 527,000
EMPLOYEES: Owner, 5 FT, 7 PT
INVENTORY: $ 20,000 (Included in price: Yes)
YEAR ESTABLISHED: 1995
FFE: $ 40,000 (Included in price: Yes)
Established in 1995, this is a well-known and very successful restaurant is ideally located at the base of the lifts in a year-round destination resort town in SW Colorado. The restaurant serves moderately priced, appealing lunch and dinner fare, and has an occupancy rate of 130 and counter service. The restaurant draws year-round business with an active apre ski in the winter and apre mountain bike bar scene in the summer. The customer base is a mix of loyal locals and second homeowners and vacationers. The restaurant also provides catering services.
This is an established business, in an ideal location, that has produced year-over-year increases in sales and cash flow. There is a solid long-term crew in place and the equipment and premises have been kept in excellent condition. Asking price includes approximately $40,000 in FF&E and $20,000 in inventory.
4000 sq. ft. leased space. Current lease expires in 2023, renewal options may be negotiated with a lease assignment.
Of course, it’s a restaurant. One look at the financials, trend line, layout, menu and equipment and you will know this one has everything dialed in!
The company has been growing each year as is. However, there are plenty of additional growth opportunities including adding breakfast service, delivery service, grow internet presence and further capitalize on local customer base.
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
The Seller will entertain offers of varying financial and legal structures.