Iconic, live music venue, roadhouse and bar for sale in Wheat Ridge, Colorado. Includes valuable real estate! Financing Available!
This live music
bar for sale and restaurant has been in business for over 50 years with only two owners. The current owner has operated it profitably for the last 22 years. It is located on a busy street very close to one of the busiest intersections in town. It features great signage, visibility and parking. There is a small one-bedroom apartment that contributes $1150/month to owner’s discretionary income included in the deal. The building is approximately 5000 square feet and lies on 0.59 acres of prime real estate. The real estate in this deal has been appraised at above the asking price meaning the business is something of a ''throw in''.
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This live music venue has it all. A large stage with a professional sound and lighting system, amplifiers and sound board. There is a large wooded dance floor directly in front of the stage. The indoor bar area seats about 190, with 14 more seats at the bar for sale. There is also a large game room with four pool tables and game machines plus a nice, secluded patio that seats approximately 30 more guests. All of the game machines, pool tables, juke box, etc. are owned by the Seller and will be the property of the new Buyer. No split with a vending operator. Game machines and pool alone contribute another $800 - $1000 per month in income. The bar for sale has 12 taps plus a large bottle reach-in cooler and a walk-in cooler dedicated to the draft system. The house liquors are on an automatic pour system dispenser that offers the manager total inventory control over most of the liquor being ''poured''. 13 flat screen TVs are located throughout the bar and even on the outdoor patio featuring sporting events and possibly future pay-per-view events.
The kitchen is small but will support any ''bar type'' menu with an ice machine, two-eyed burner, quesadilla press, small grill, fryer and microwave at this bar for sale. Plenty of hot and cold storage is available. In fact, there is a 2nd walk-in cooler for non-keg storage. There is also an office and plenty of secure (locking) storage. Everything is included making this a turnkey, ready-for-a-new owner venture.
The current operator is 75 years old, just closed his law practice and is looking to retire. He has run the bar for sale, sort of as hobby for years. If a new owner started live music, poker, pay-per-view and TV sports packages they could easily increase sales to $750,000 or more the first year. Some marketing on top of that and the sky is the limit.
Since there is real estate involved, this bar for sale and property should qualify for SBA and conventional financing with one of We Sell Restaurant preferred lenders or your own bank. The Seller will consider financing some of the down payment to qualified Buyer.
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