Family Friendly Tavern / Sports Bar – Seller Motivated for a Quick Sale.
ASKING PRICE: $225,000
LOCATION: Steamboat Springs, Colorado
GROSS REVENUE: $1,240,000
INVENTORY: $20,000 (Included in price: No)
YEAR ESTABLISHED: 2016
One of Steamboat Springs locals’ favorites. Comfort food. Plenty of TVs. Family friendly space and a solid local reputation. Steady revenue history for the last 4 years with a dip in 2020. Recent numbers have returned to that historical level and beyond. Seller will have a record year in 2021. Revenue is currently on a pace to hit 1.4M for 12 months.
Located in downtown Steamboat Springs with excellent visibility, access and parking. Significant recent investments in equipment and expansion. This is an opportunity for a restaurant pro to take the reigns and bring this business to the next level.
Due to family circumstances, Seller is motivated to make a quick sale. This is an opportunity to step into a very busy restaurant/bar for far less than it would cost to open from scratch.
Since wide-spread vaccinations in the Spring, revenue in 2021 is tracking at record levels every month. Business could grow substantially with no additional capital investment required.
Potential purchasers should note that the asking price does NOT include inventory. “Cash Flow” referred to is Seller’s Discretionary Earnings. Seller is motivated for change!
Please Note: Potential buyers will be asked to complete buyer registration, sign a non-disclosure, interview with broker and provide evidence of the resources to complete a transaction of this size before additional confidential information will be provided.
Leased. Lease assignment to buyer or new lease to be accepted by Land Lord as part of purchase conditions.
There are other restaurants that serve this market.
Restaurant expanded by 2000’ ft2 just before Covid. Sales area currently growing into that space. Seller expects that sales will increase a further 20% as we put Covid in the rearview mirror.
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.