Highly Profitable Restaurant Group in Colorado (17582)

Financial & Assets Details

About the Business

Business Description

At the heart of the residential metroplex in Central Denver, this highly profitable restaurant specializes in authentic Italian dishes, as well as a small focus on catering services for corporate events, weddings, and parties. With urban development and beautification completed this year, over 10% monthly growth seen already at this prime location with 4,000-square feet. Additional source of profit is it’s in-house artisan sandwich shop, which has grown exponentially thanks to community’s growing demand. Its long-standing location facilitates the establishment’s repeat business and strategic capitalization of its geographic market. With a skilled staff capable of running operations, this turn-key eatery boasts over 300 reviews averages a 4.5 star rating. The customer base consists primarily of regional residents, tourists, and vacationers looking for quality cuisine or shop’s quick-lunch options. Seller believes that its reputation, operational capabilities and proven track record of being able to stay ahead of changing trends in cooking methods present many opportunities for buyer to continue success with minimal capital infusion. While marketing efforts currently focus on targeting consumers utilizing its database, as well as internet and social media advertizing programs, email blasts, and through local listings, stronger catering efforts could be great for business. Carrying a full liquor license allows them to attract a larger client base. In 2018, the total revenue was of $1,663,548, and the EBITDA was over $178,000.

Seller Financing

Negotiable for the right buyer.

Location Details:

Leased.

Support & Training

Owner Transition period of up to 12 months.

Reason for Selling:

Approaching retirement.