000 For Owner!Denver, CO 80230

For Sale
$850,000

Established eatery, high profits, lease to 2029.

Overview

Added:
Dec 11, 2024
Days on market:
92
This thriving Denver Italian restaurant, established in 2007, presents a remarkable investment opportunity. Boasting 3,200 square feet of space, the restaurant comfortably seats 95 indoors and 24 outdoors, situated in a high-traffic area. The current owner has built a loyal clientele over 17 years, generating impressive net sales of $1.7 million in 2023, with adjusted earnings exceeding $317,000. The restaurant operates with limited hours, offering the new owner the benefit of weekly time off, while also presenting the potential for increased profitability by extending operating hours. The fully equipped kitchen includes a six-burner stove, eight-burner stove, flat-top grill, walk-in cooler, reach-in freezer, and extensive smallwares and equipment. The sale includes all equipment, fixtures, and furnishings. The lease, at $14,000 per month (including CAMs and taxes), extends to September 2029, with options for renewal. The asking price is $850,000. This is an asset sale

Highlights

  • Established in 2007, this Denver Italian restaurant is an asset sale for $850,000.
  • The 3,200 square foot restaurant seats 95 indoors and 24 outdoors, generating $1.7M in gross revenue and $317,284 in adjusted earnings in 2023.
  • The lease is $14,000/month (including CAMs and taxes) and expires September 2029 with renewal options.
  • Fully equipped kitchen includes two stoves, a flat-top grill, walk-in cooler, reach-in freezer, and extensive equipment and smallwares—all included in the sale.
  • The restaurant benefits from a loyal clientele built over 17 years and currently operates with limited hours, offering potential for increased profitability.

Property Details for 000 For Owner!

Property type
Other retail properties, Restaurants
Square Feet
3,200 SF
Year Built
2007

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7182499
Longitude
-104.8892473
000 For Owner!, Denver, Colorado

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