Bar For Sale near Capitol Hill Area in Denver - Owner financing available!

Buy this established Bar For Sale near the Capitol Hill Area in Denver with significant owner financing available!  Outstanding lease terms and excellent location make this a winning location for your new concept. Liquor License in place. 

This bar for sale occupies a 2,022 square foot space on three levels.  The business seats approximately 80 people with a total occupancy of 148 guests.  It is in downtown Denver near the thriving Capitol Hill area and is surrounded by both residential and commercial vehicles and significant foot traffic. 
 
Over 55,000 vehicles pass this bar for sale offered by We Sell Restaurants every day.  The area now being populated with new restaurants, bars, nightclubs and specialty retail, there are always potential guests that are walking in and around the area.  
 
The current lease was recently renegotiated and the base rent for this Bar for Sale is a staggeringly low $22.72 per square foot! Triple net monthly rent is an incredibly low $4750 in total.  Rental rates on this establishment are, in many cases, half of what you would pay for rent in this area.  There are currently 4½ years left on the existing lease with an additional 5-year option.   
 
This bar for sale is located between Cheesman and City Park, only three blocks from two major health care facilities.  This area is the most difficult area in all of Denver metro to obtain a new liquor license.  The owner has held a Tavern & Amusement license for these premises for over 13 profitable years with absolutely no violations whatsoever.  
 
The bar for sale in its current concept may not, necessarily, be of interest to all perspective buyers.  The options, though, for a new owner are literally endless. The space has three floors…the ground floor, where the bar is constructed, is separated by a non-load bearing wall that splits the main area from an adjacent room that is used as a dance floor, DJ/Band area.  

The removal of that wall would open the entire ground floor level into one large room.  The lower level is set up to be more of an intimate area with couch seating and a quiet place to visit with friends.   The upstairs is currently set up as a gaming area with additional seating there as well.  There is also a large basement for storage.
 
As it is likely that a new owner would change the concept, this bar for sale is listed as an asset sale.  No books or financials will be provided.  The value of this business relies heavily the original build-out, incredible location, positive lease terms and extraordinarily low rental rate.

Please click on the tab below to easily acknowledge confidentiality on this Bar 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 John Kesterson at (720) 473-3726

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without express permission of We Sell Restaurants. We Sell Restaurants is federally registered trademark.

Listing

  • Listing#: 6475
  • Price: $283900
  • Location: Denver
Lease Term: Through 2022 w/ 5 yr option
Monthly Rent: $4750
Indoor Seating: 100+
Inside Sq. Ft: 2022
Hood System: No
Neighboring Businesses: Live entertainment venues, independent restaurants/bars, 2 major hospitals, 2 large parks, retail shops
Hours Open: Mon-Wed 4pm-2am Thu-Sun. 12pm-2am
# of Part-Time Employees: 5
# of Full-Time Employees: 0
Net Sales: $520000.00

Features

  • Owner will carry up to 50% for qualified buyers!
  • Staggeringly low rental rate for the area!
  • 4 1/2 years left on lease with 5 year option.
  • Space can be converted into any type concept.
  • Three floors with gaming area, dance floor and stage.
  • 55,000 vehicles pass daily.
  • Close to commercial and residential traffic.
  • Tavern & Amusement license to transfer with sale. This is the most difficult area in Denver metro to obtain a liquor license.
  • Current owner in business and profitable for 13+ years.
  • Located just 3 blocks from two major medical facilities.
  • Bar for Sale