Price Reduced! Updated Bar For Sale in Downtown Denver! Amazing Lease Terms!

Newly remodeled Bar For Sale  in the heart of Denver's "New Downtown" is 3,500 square feet, has a beautiful interior and outstanding lease terms!  Keep or transform into almost any concept you can imagine! 
 
This Bar for Sale has a rent that is a staggeringly low at just $12 per square foot, and there is well over four years remaining on the lease! There is also an additional five year option with rent locked in at $14.57 in that term as well! With rent in this area averaging between $25-$40 per square foot, with the incredible lease that is in place, a new owner can look forward to flowing an additional $60,000 plus to the bottom line every year based on this low occupancy rate alone!
 
The fully equipped commercial kitchen in this bar for sale offered by the Restaurant Brokers has it all! Featuring an open and exposed cook's line and huge prep area in the back of the house, there is ample room for any type of food preparation. In fact, there is enough room in the prep area to sublet to outside vendors for additional revenue if you choose. The cook's line is equipped with a 12-foot exhaust hood with full fire suppression, and the prep area has a 10’x10’ walk-in cooler as well. The kitchen is equipped with famous-brand appliances including Vulcan, Wolf, True, and Manitowoc. The current owner spared no expense to ensure this new remodel was set up for success!
 
The current food menu at this bar for sale consists of an array of hot and cold deli-type items, along with fresh salads and desserts to cater to the significant foot traffic during the lunch, dinner, and late-night hours. The Hotel and Restaurant liquor license in this Bar for Sale is fully transferrable. All recipes will transfer with the sale. This bar for sale is a true turn-key operation that can certainly continue on as the current concept, or easily converted into any other concept you may have in mind. 
 
This bar for sale opened around June of 2017. The current owner is selling as he has another, much different concept in the Baker District and couldn’t pass up the opportunity to lease this space and start the renovations. The lease rate and terms, at one-third of the average rent in the area, was simply too enticing. The neighborhood is in the midst of being completely transformed like so many other districts in the Denver metro area. The Baker/Art District is already booming with both residential and commercial properties being built from the ground up, along with major renovations to the current properties in the area as well. The hot, downtown location of this bar for sale is a sure winner and will not last long on the market!
 
Being that this bar for sale is a private listing, a minimum of $300,000 in available funds must be verified by your Certified Restaurant Broker, John Kesterson, prior to obtaining the name, location and detailed financial information of the establishment. Please click on “Name & Address” or “More Photos” tab below to sign an on-line confidentiality agreement prior to verifying funds.  Once completed, click the “Request Financial Information” tab for instructions on the funds verification process.

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Listing

  • Listing#: 5733
  • Price: $349,900
  • Location: Denver
Lease Term: Expires March 31st, 2022 + 5 yr option locked at only $4,250
Monthly Rent: $3,500
Indoor Seating: 36
Inside Sq. Ft: Approx. 3500
Hood System: Yes
Neighboring Businesses: Retail shops, restaurants, nightclubs, theaters, salons
Hours Open: Monday-Wednesday: 11am-10pm Thursday: 11am-12am Friday-Saturday: 11am-3am Sunday: 11am-9pm
# of Part-Time Employees: 7

Features

  • Beautiful new remodel in Baker District for only $12 per sq.ft.!
  • Additional 5 year option locked at only $14.57 per sq.ft.!
  • Total rent approximately one-third of the average rate in the area!
  • Hot South Broadway location is being labeled as the New Downtown
  • Only open since June 2017, keep current concept or convert!
  • Open and exposed cook line with huge prep area in BOH
  • Hotel and Restaurant liquor license fully transferrable
  • 12' exhaust hood with full fire suppression
  • 10'x10' walk in cooler
  • New HVAC unit installed during remodel!
  • Traffic counts exceeding 33,000 vehicles daily
  • Bar for Sale