Event, Banquet, and Entertainment Venue For Sale

Listing Number: 0873-84124

Description

The build out on this facility was $1.5mm including high-end sound and lighting equipment, full kitchen, and all food and beverage service furnishings. Very fair long-term lease in place. It would cost the same or more today for the space and equipment. This is a turn-key opportunity to stay the same brand or this could be re-branded. The location is in a higher income community catering to guests in their late 30’s to late 50’s with on-site parking. There are daytime events, weddings, parties, live entertainment including occasional national bands.

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2017 Gross Revenue: $913,000
2018 is on pace to break $1mm
Asking Price $649,000
Seller will consider some carry for well-qualified buyer
Training and transition is negotiable

Listing Details

  • Price: $549,999
  • Down Payment: TBD
  • Sellers Discretionary Earnings: $125,006
  • Total Sales: $1,020,431
  • Location: Denver County, Colorado

  • Inventory: $0
  • FF&E: $0
  • Employees: 17
  • Year Established: 2007
  • Reason for Selling: retirement
  • Category: Restaurants

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