Listing ID: 76657
Located in downtown Telluride, this ideally located, well-known and very successful restaurant serves moderately priced, appealing lunch and dinner fare, counter service and an active apre ski in the winter and apre mountain bike bar scene in the summer. The customer base is a mix of loyal locals and second homeowners and vacationers. The restaurant also provides catering services.
Telluride is nestled at the end of a lush canyon and surrounded by some of Colorado’s most rugged peaks. Known for incredible alpine skiing, cultural events and endless outdoor activities, its residents embrace the town’s authentic mountain character, unpretentious attitude, and celebration of four seasons of adventure in the most beautiful spot of the Rocky Mountain high country.
This established business has a 25+ year history of producing year-over-year increases in sales and cash flow. There is a solid long-term crew in place and the equipment and premises have been kept in excellent condition. Asking price includes approximately $40,000 in FF&E and $20,000 in inventory.
- Asking Price: $1,430,000
- Cash Flow: $478,000
- Gross Revenue: $1,487,900
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
4000 sq. ft. leased space.
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
Like all restaurants, there is competition. However, this establishment enjoys a unique niche combined with an ideal location that draws consistent customer flow year after year.
The company has been growing each year as is. However, there are plenty of additional growth opportunities including adding breakfast service, delivery service, grow internet presence and further capitalize on local customer base.
The business was started in 1995, making the business 27 years old.
The deal will include inventory valued at $20,000, which is included in the listing price.
The business has Owner, 5FT, 7PT employees and is situated in a building with approx. square footage of 4,000 sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nevertheless, the true factor and the one they say to you may be 2 completely different things. For instance, they might state "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is extremely essential that you not depend entirely on a seller's word, yet instead, use the vendor's response combined with your total due diligence. This will repaint a much more practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that revenue margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new consumers? Many times, companies have repeat clients, which develop the core of their daily earnings. Certain factors such as brand-new competitors sprouting up around the area, road construction, as well as staff turnover can impact repeat consumers and also negatively affect future profits. One crucial thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to construct a returning customer base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local typical family earnings impact future earnings prospects?