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- RE: Prime Restaurant & Bar In Summit County
- Contact: Stuart Erskine
Quick Facts
Asking Price: | $890,000 | |
Annual Revenue: | $2,798,335 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $271,539 | |
Total Debt: | Not Disclosed | |
FF&E: | $240,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1996 | |
Employees: | 60 | |
BBN Listing #: | 986414 | |
Broker Reference #: | 202415 |
Business Overview:
After nearly three decades of serving incredible food and drinks to locals and visitors alike, the beloved owners of this iconic Summit County restaurant are ready to retire, offering an incredible opportunity for the next visionary owner.
With a stunning, thoughtfully designed space that includes a spacious 200-seat restaurant and bar, this turnkey gem offers the perfect foundation for success. Whether you’re looking to build on its loyal customer base or bring your own creative vision to life, the sky’s the limit. Situated right in the heart of town, this spot is a true destination. Plus, with not one, but two outdoor decks – one at ground level and a rooftop that boasts breathtaking views of the Rocky Mountains and Lake Dillon – your guests will be treated to a dining experience they won’t soon forget.
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Property Features and Assets:
Leased 6,027 sf plus 2 outside decks; one ground level 685 sf, the second rooftop of 1,139 sf.Not included in the lease are also five apartments on the second floor for potential employee housing or Short-Term Rentals.
Market Competition and Expansion:
Competition: Other restaurants are in the area.
Growth and Expansion: Opportunity exists for a new owner to extend the bar hours and offer breakfast.
Reason for Selling:
Retirement.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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