Steakhouse Restaurant with Real Estate
ASKING PRICE: $1,200,000
LOCATION: Rifle, Colorado
GROSS REVENUE: $520,000
REAL ESTATE: $995,000 (Included in price: Yes)
CASH FLOW: $68,000
EMPLOYEES: 15 full and part-time
INVENTORY: $30,000 (Included in price: Yes)
YEAR ESTABLISHED: 2014
FFE: $40,000 (Included in price: Yes)
Turn-key Rocky Mountain region restaurant opportunity with unique real estate included in the purchase price. Located just off a major highway with a traffic count of over 18,000 daily and frequented by both Grand Valley residents and tourists. This restaurant is located in a historic building, which is well-known in Western Colorado for a high-quality dining experience with top shelf ingredients at a reasonable price. The freestanding building creates a unique dining experience for up to 145 people, including a full-service bar with 4 keg taps. Room layout provides flexible party accommodations with multiple areas for large and small parties. Functional kitchen layout with ample food and prep area, 5x8 ft walk-in cooler with new compressor, Alto Shaam prime rib cooker, employee breakroom and caretaker unit upstairs. All inventory and point of sale systems are included.
There is no substitute for the visibility, signage, access and location this business enjoys. Perfect for a chef, restauranteur or restaurant group to step right into the existing or a new concept.
LOCATION: Rifle, Colorado
FACILITIES:
Historic property built in 1920 has been updated as a full-service restaurant. The building is 2,752 sf residing on a 0.5041 acre lot. The real estate is offered at $995,000.
COMPETITION:
This is the only high-end steakhouse restaurant in the area. Competition is mainly alternative fast food and casual family restaurant concepts.
POTENTIAL GROWTH:
The business has relied on word-of-mouth, as well as some limited social media, hotel promotions and their website for marketing. Additional marketing of restaurant, bar and catering services would propel growth beyond the current organic population growth of the area.
SUPPORT & TRAINING:
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
FINANCING/TERMS:
The Seller will entertain offers of varying financial and legal structures.
REASON FOR SELLING:
Retirement to take care of aging parents
LISTING ID: 202426
