seller_photo
Todd Phelps Contact This Broker
Oops, you're not logged in...
To send your message, either login or provide us with a password and we'll create your account. or
Login and your message will be sent. Your message can be edited above.




Give us a password and we'll create your account. Your message and account details can be edited above.




Family Restaurant in Grand County - Real Estate included

Colorado : Restaurants

An outstanding opportunity to own and operate a true landmark restaurant in a small town community. Established for 40+ years, this quaint, well-maintained gathering spot is perfect for an owner-operator that has always dreamed of living in a picturesque mountain town. Live and work just minutes from Winter Park, Fraser, lakes, rivers, and the Rocky Mountain National Park. Due to the owner s desire for a change, this profitable and well-established Family Restaurant is available for new ownership. The restaurant is ideally located at the crossroads of some of Colorado s most beautiful Summer and Winter Recreation areas --- in the heart of Grand County. The restaurant has a rustic ambience and is a favorite for locals and visitors. It has a full liquor license, is open Monday through Saturday, seats 64 in the main dining room plus can accommodate 20 more seats in a separate banquet room. There is plenty of parking on this .36-acre site. The economy affected this business in 2008, just like every other small business in the country, but as things recover, this restaurant should rebound to the consistent levels of performance that it has enjoyed for years & years. This is the perfect time to step in and reap the benefit of that return to normalcy. The real estate is included and there is no existing bank debt. In addition to the income stream generated from the from the business rents and the non-cash benefits of owning the real estate, the property also has a 730 sq. ft. 1 BR apartment with private access for extra income.

Asking Price:

$420,000

Gross Income:

$437,405

(last 12 months)
Cash Flow:

$77,713

(last 12 months)
Inventory Value:

Undisclosed

Year Established: 1960 Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $280,000 Number of Employees: 12
Real Estate Square Footage:

Facilities: 4234 square foot building on a .36 acre lot. 64 seat family restaurant, with an additional 20 seat banquet room. Plenty of parking, full liquor license, long established history and client base in this beautiful town in the Colorado mountains.


Bizilla Reference # 2136 :   Report this listing