IL Bistro Profitable Italian Restaurant

IL Bistro Profitable Italian Restaurant

IL Bistro Profitable Italian Restaurant

Price: $300,000

Location: 400 Main St, Grand Junction, CO 81501

Industry: Restaurants and Other Eating Places

Listing ID: iL Bistro
DESCRIPTION

Profitable full-service high-end Italian restaurant in arguably the best location in Downtown Grand Junction. Business and real estate for sale. Turn-key. Two story building on the corner of 4th and Main Street in Grand Junction, CO. Covered and heated outdoor patio is hard to find. Food is amazing. Everything made from scratch. Their concept or yours. Plenty of training included if needed. Business is for sale for $300,000. All assets included. Real Estate is for sale for $750,000. Recent commercial appraisal completed and available showing value @ $800,000.

LISTING DETAILS
Total Sales: $780,000

Seller’s Discretionary Earnings (SDE): $140,600

FFE: $100,000

Reason For Sale:

Owner retiring and plans to move.

Training & Support:

Owner would prefer to sell the business as-is with complete Italian concept and brand in place. If so, plenty of training available. If buyer wants to bring their own concept, that works as well.

OPERATION
Year Established: 1989
Employees: 14

LOCATION
Type of Location: Restaurant

Square Footage: 4308

Facilities Information:

Prime downtown corner location. This is a full-service Italian restaurant. The main dining room can hold a total of 50 patrons. There is additional dining space located along the south side of the improvements which holds an additional 12 to 18 patrons. There is a smaller private dining room which seats an additional 22 people. This room can be used for private events, including business meetings, rehearsal dinners, and other private events. In addition to the indoor seating area, patio space is leased from the City of Grand Junction. There is a canvas enclosure which can be opened in the summer. The patio has gas heating and cooling system which allows the restaurant to seat this area all year. 3583 sqft main level and 750 sqft upper level.

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CONTACT DEAL OWNER

Admin Account

Phone: 9702558000