Who Buys Restaurants for Sale in Colorado?
Colorado nature and beauty inspires buyers to seek a lifestyle with time outdoors enjoying every moment of daylight. Locals and tourists alike delight in the scenery from the snow covered slopes to a Rocky Mountain trail.
The Denver Metro hosts companies large and small and includes a healthy cross-section of industries, including aerospace, biosciences, software development, financial services and energy. Educated high-tech professionals are a key part of the area’s young, diverse and talented workforce. Colorado is the only state to appear on a national honor roll for economic strength and growth potential for 10 consecutive years.
The area’s cost of living is at or near the national average since Colorado focuses on low taxes. That is paired with high household incomes. Together they combine for Metro Denver to rank slightly above the national average for cost of living, but well below many other major cities.
Restaurants are a big part of Colorado where small businesses represent 97% of all employing businesses in Colorado. Colorado’s economy is built on small business and it’s a dominant source of new job creation in the State. The National Restaurant Association reports that Colorado restaurants are expected to do $11.6 billion dollars in sales in 2016. There were 10,959 eating and drinking places in Colorado as of 2014 and that number continues to climb. Restaurants in Colorado contribute to 12% of the total employment in the state generating 268,400 jobs. (Source: National Restaurant Association. Includes all restaurant and foodservice occupations. Employment figures are projected.)
It's easy to see why those seeking a restaurant for sale focus on Colorado.
Buying a Colorado Restaurant for Sale is a team sport and you may need all kinds of help. Our Colorado Certified Restaurant Broker© has plenty of resources and aid for you. Here’s a starting point for the most common requests:
- Restaurant Financing and Access to Capital
- Colorado Liquor and Tobacco Enforcement Division - Alcohol Licenses for Restaurants, Bars & Clubs
- Starting a Restaurant – Visit the Colorado Secretary of State Website
- Small Business Administration-Financial Programs to Buy a Restaurant
- Colorado Restaurant Association