Very Profitable Italian Restaurant for Sale in Denver, Colorado

This beautiful and very profitable Italian restaurant for sale in Denver Colorado is located in one of Denver’s most popular and dense neighborhoods. This Denver urban neighborhood includes many condo/loft projects, museums, restaurants, bars, galleries and music venues. While this is a very dense neighborhood there continues to be growth including an apartment building with 844 units currently under construction and two other buildings that will add at least another 400 units in the near future. The location is great but the business is even better with consistent growth and owner’s compensation of $140,000 in 2019. This Denver restaurant for sale consistently gets high praise on all social network sites as well as high ratings on Open Table. The kitchen is very well equipped, including a wood-fired oven, immaculately clean, well organized and efficient. This Denver restaurant for sale has a complete staff, chef and management in place and requires minimal hours from the owner who travels often. This business can continue to operate as an Italian restaurant with all the recipes or convert to your own concept. The facility has a beautiful build out, an H&R liquor license and a fully equipped kitchen that will support most any menu. There is an under-market lease at only $24.00 per square foot. This is a great opportunity to purchase a cash flowing restaurant and bar in a great trade area. This very profitable Denver, Colorado restaurant for sale is listed by Mark Valente.

  • Location: Denver / Boulder Metro
  • Price: 289,000
  • Status: Active
  • Reference Number: 20192

Facilities

  • Square Footage (Building): 2,736
  • Total Seats: 79
    • Seats Dining: 56
    • Seats Bar: 11
    • Seats Patio: 12
  • Grease Trap: y
  • Hood: 6’ and 19’
  • Liquor License: Hotel and Restaurant

Financials

  • Annual Gross Sales: $962,627
  • Cash Flow(EBITDA): $110,677.21
  • Seller's Discretionary Earnings (SDE): $140,677.05
  • Lease Rate: $24.00 PSF, NNN
  • Net Charges: $7.31 PSF

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