Who Buys Restaurants for Sale in Colorado?
Colorado's nature and beauty inspire 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 restaurants alone employ 7% of the state labor force. Colorado’s economy is built on small business and it’s a dominant source of new job creation in the State. The Colorado Restaurant Association reports that Colorado restaurants are produced $14+ Billion in state revenu in 2022. There were 12,400 eating and drinking places in Colorado as of 2022 and that number continues to climb. Restaurants in Colorado contribute to 12% of the total employment in the state generating 243,000 jobs.
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© team has plenty of resources and aid for you. Here’s a starting point for the most common requests:
Here is what it is important to know before buying a restaurant that is not making money today or an asset sale.