Bar / Tavern / Restaurant
Location:
United States
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Colorado
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Colorado Springs
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
This popular sports bar / tavern / restaurant for sale has been an 'institution' in the Pikes Peak Region for many over 20 years. The restaurant serves both noon lunches and evening meals, and bar offers full liquor service and live entertainment several nights a week. The business draws an eclectic mix of business clientele, blue collar workers, and tourist and locals.
The business's popularity is evidenced by numerous 'Best of...'' awards in local and regional publications. The restaurant has developed a reputation for high quality, moderately priced cuisine and the bar is known for its festive atmosphere. The business has a fiercely loyal repeat customer base, as well as a large number of word-of-mouth referral business.
Key Strengths / Acquisition Highlights include:
- Institution in home community
- High traffic, very visible location in rapidly growing part of town.
- Long history of growth and profitability
- Core employees form a solid base to transition business
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$1,159,000
Cash Flow:
$150,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $50,000
Seller Financing: Yes
About The Business
Year Established: 1996
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Whatever is needed.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Bars and Nightclubs > Bars and Pubs business for sale.
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Print Listing Id: 700111376
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