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Very Popular Breakfast and Lunch Restaurant in West Denver with a Great Location

RestaurantsFor Sale in CO

Listing ID: 32623 | Broker Listing ID: BLP412083

Financial & Assets Details

$900,000
$128,000
$51,000
$5,000

About the Business

21
7
Yes

Business Description

A growing, very popular Breakfast and Lunch Restaurant with steady long-term growth and great reviews located in West Denver.

The trailing 12 months revenues to March 31st were 900K with earnings of 128K. The 2021 revenues were 879K with earnings of 113K. They just had higher revenues and earnings in the 1st quarter of 2022 than in any previous 1st Quarters. Covid had a negative impact in both 2020 and 2021 and the restaurant just returned to full seating in June of 2021. They have 12 tables in winter and 18 in the summer and the 6 foot table spacing cost them 5 tables from May 2020 to June 2021. They just raised their prices by approximately 8% in March of 2022 and it has not had a negative impact on demand. They are selling because they are retiring.

You also get approximately 51K in Assets Debt Free! The assets are mostly large pieces of equipment at their current value. The assets also include furniture and fixtures.
These are only open until 2PM and closed on Mondays which are quality-of-life hours that also work for families with kids.
This restaurant has a liquor license. They have a large percentage of recurring revenues from “regulars” which means that this business will not change the day after the closing. The restaurant is located in a very fast-growing area with room for more than 10 years of building and growing traffic, a location on a street with Gas Stations, a Grocery Store, Banks, Liquor Stores, etc within blocks.

This is a very fun and happy place to work. They get to talk to people all day every day. They have 7 loyal employees. The owners work full time.

This business can be more profitable by raising prices to Denver levels which they are still below, adding a 2nd location, being open on Mondays also, and/or changing to a larger location at some point. The Sellers believe that the new owner should keep most of their menu, with whatever additions a new owner would like to add. You can add daily or weekly specials with a higher price and profit margin built-in. The best part about owning your own independent restaurant is that you are not beholden to anyone else's ideas or requirements. You can tailor your menu/hours.

The food is very good with several unique items. They do virtually no advertising based on their location, recurring customers, popularity at breakfast, and some well-liked lunch dishes. Their location, hours of operation, lack of advertising expense, growth/expansion potential, and local loyalty are what make this opportunity so special.

The restaurant is located in West Metro Denver and the rent is 4,200 per month triple net. The space is 1,600 square feet with a front sidewalk where the city has allowed them to place 4 tables as a patio. The strip mall has plenty of parking spaces. The lease has 8 years left on it and they are happy with both the lease and the landlord. It is a great location.

The sales price is only 375K plus a small amount of inventory worth 5K for the business which is just under 3 times the earnings. This is an asset sale which means that they will be keeping their cash and paying off all debts at or before the closing.

Thank you for your consideration,

Jeff C Eisnaugle
Business Broker Colorado, LLC
Direct 303-905-7607
Fax 720-524-6482
jeff@businessbrokercolorado.com

This is prepared by Business Broker Colorado, LLC. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections. The information contained in this e-mail message is confidential and may be protected from disclosure. Please be aware that any other use, printing, copying, disclosure or dissemination of this communication may be subject to legal restriction or sanction.

Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage.

Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships.

Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.

Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer.

Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required.

Business Broker Colorado, LLC, and Jeff C Eisnaugle will be operating solely as a “Seller Agent” in all transactions.

Growth & Expansion

This business can be more profitable by raising prices to Denver levels which they are still below, adding a 2nd location, being open on Mondays also, and/or changing to a larger location at some point. The Sellers believe that the new owner should keep most of their menu, with whatever additions a new owner would like to add. You can add daily or weekly specials with a higher price and profit margin built-in. The best part about owning your own independent restaurant is that you are not beholden to anyone else's ideas or requirements. You can tailor your menu/hours.

Location Details:

The restaurant is located in West Metro Denver and the rent is 4,200 per month triple net. The space is 1,600 square feet with a front sidewalk where the city has allowed them to place 4 tables as a patio. The strip mall has plenty of parking spaces. The lease has 8 years left on it and they are happy with both the lease and the landlord. It is a great location.

Support & Training

Will stay as long as needed

Reason for Selling:

Retiring

Listing ID: 32623

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