Pizzeria and bar for sale nearby Colorado Springs features area’s only on-premise liquor license. Strong earnings and unmatched occupancy costs at just 4% of sales. Earnings of nearly six figures. Opportunity for lending – EITHER SBA with 25% down or potential for seller financing with 50% down.
Serving pizza, wings, sandwiches, beer and drinks to loyal locals and tourists alike, this bar for sale
has it all. Rent is unheard of at $1500 per month on the
main drag of an important east/west highway through Colorado. Great visibility, signage, access and parking. This business, offered by We Sell Restaurants
, features the only on-premise liquor license in the community. Located in the end cap of a strip center, it has about 2200 square feet indoors and an additional approximately 1500 square feet of enclosed patio space.
This bar for sale has a horseshoe shaped service area that seats 12. There are 55 seats in the dining room with both booth and table seating. This bar for sale is tastefully decorated with a local flair and has multiple flat screen TVs for sporting events.
In an industry where 9-12% occupancy cost is desirable this deal offers under 4%! Current volume at this bar for sale is well over half a million dollars with earnings for an owner operator approaching six figures.
Although currently doing very well, this bar for sale has massive upside. The current owners are dealing with an illness in the family. They are closed Tuesdays and Wednesdays and only open for lunch on weekends. Expand hours and add another $100,000 - $200,000 in sales. The business would easily support a pizza delivery program to increase sales and profits even more. The current staff has the owner / operator and about 12 team members. The Owners will stay on with any new Buyer for a period of time to train and insure a smooth transition.
The fully equipped commercial kitchen of this bar for sale has a large walk-in cooler with a glycol system to deliver cold beer. There are two separate kitchen areas. The first services the bulk of the menu - sandwiches, salads, appetizers and entrees. It has a griddle, a small grill, 2 fryers [with a 3rd one available in reserve] and plenty of hot and cold storage. The second kitchen area is designated for pizza production and has a 2 door pizza oven, a dough mixer, slicer, ice machine and a refrigerated pizza prep station. There is also a sliding door dishwasher that is owned, not leased.
With 25% down this business should qualify for SBA and/or Conventional financing. The Seller would consider financing a qualified buyer with 50% down or more down. This is a great, low risk opportunity for a first time buyer, a husband and wife combination or a seasoned restaurant vet.
Please click on the tab below to easily acknowledge confidentiality on this Pizzeria for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Bob Steinberger at (303) 901-4938
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