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Sustainable Roaring Fork Valley Restaurant In Garfield County For Sale

Garfield County, Colorado, US
Asking Price:
$325,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$872,000 (USD)
Cash Flow:
$160,000 (USD)

Full-service restaurant that specializes in a diverse menu of European flavors and flair, locally sourced products, and hand-selected wines and spirits. Strong following from the Aspen and local community (with catering and delivery throughout COVID-19 lockdown) and high visibility coveted location with outside seasonal dining creates consistent demand. This is a well-run business with sustainable profit opportunities for a chef, manager, couple or investor. Control occupancy costs long-term by separately purchasing the real estate with historically low interest rates; and business will pay-off an appreciating asset for a new owner. RE loan payments would be about the same as paying rent.

Property Information

Real Estate:

Lease

Location:

Downtown core main street street location with excellent outside seating and pedestrian traffic. Right-sized for its market, the 1500 sf building supports 55 seats inside with additional seasonal outside seating, a full kitchen and basement storage.

Business Operation

Expansion Potential:

Growth potential for a new ambitious owner through adding breakfast/lunch, staying open 7 days/week and/or expanding catering – or keep the same and grow organically!

Competition / Market:

This restaurant has consistent demand based upon its center of main street location and reputation for skillfully developed food and wine concepts and customer service. There are no chain restaurants in this community-oriented, environmentally conscious, recreation oriented town.

Reasons for selling:

Retirement

Employees:
14
Years established:
8

Other Information

Support & training:

Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The Seller will entertain offers of varying financial and legal structures.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price

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