Turnkey Restaurant W/ Real Estate In Jefferson County

Description

A well established independent BBQ restaurant and full service catering business located in Lakewood, Colorado has operated continuously at the same site for 20 years. The property includes a standalone farm style building with approximately 1,110 square feet of indoor space and an additional 600 square foot storage facility. A large patio supports family dining, group gatherings, and events, along with ample parking and proximity to Red Rocks.The real estate consists of 0.67 acres and is offered at 1.3 million. The property is zoned Mixed Use Neighborhood Suburban which allows the new owner to continue the existing operation or consider alternative uses and development options.The business operates in an absentee style with the owner spending approximately 10 hours per week on oversight and catering coordination. Daily operations are managed by three managers and a stable staff that includes seasonal student hires.Revenue is approximately 65 percent from dine in and take out, 30 percent from catering including online orders, delivery, weddings, and events, and 5 percent from liquor sales which are currently underutilized.The asking price of 1.3 million includes the established brand, logo, social media presence, website, proprietary recipes, rubs, smoking techniques, catering systems, vendor and venue relationships, goodwill, reviews, awards, and a food truck valued at 120,000 which is currently unused.Growth opportunities include activation of the food truck for events and off site catering, development of a full bar on the patio to increase summer liquor revenue, and expansion of winter catering to local businesses, schools, and organizations. Strong distributor relationships and community recognition provide a competitive advantage over national chains.