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Location Location Location Beautiful small gaming town

Cripple Creek, CO
Asking Price:$2,450,000
Inventory:$22,000
Real Estate:$2,200,000
Gross Revenue:$1,443,000
FF&E:$258,700
Established Year:2021
Listing ID: 2261928Listing provided by BizBuySell
BUSINESS DESCRIPTION

Great restaurnt with real easte a long with all assets

Let’s make a deal!
The Creek Restaurant and Bar, a thriving American-style restaurant located in the heart of Cripple Creek's historic and gaming district. Cripple Creek is a popular gaming town, and our restaurant benefits from its proximity to the local casinos as well as numerous events held throughout the year. Notably, three of the six casinos in town have recently been acquired by larger corporations, with one undergoing a major renovations and expansions. Two others have also completed significant renovations. The town is also experiencing a surge in housing development, with new projects currently underway and more in the planning stages. While this property is currently a successful restaurant it also being in the gaming district, has the potential, with the proper renovations, can be utilized as a casino. While margins will vary depending on the buyer's financial situation and arrangements with banks, our business model is well-suited to thrive in Cripple Creek's tourist-driven economy. We enjoy peak seasons from Memorial Day weekend to mid-October and mid-December to St. Patrick's Day. During slower months, we rent out our second floor for private events. The building itself has an appraisal as of two years ago, not including assets or inventory. The Creek Restaurant and Bar includes all assets, inventory, and training. All equipment is three years old or newer.

ATTACHED DOCUMENTS
The Creek Assts.pdf.pdf Download
DETAILED INFORMATION
Location
Cripple Creek, CO
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,219
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The building is situated on the main street, surrounded by a variety of events and high foot traffic. This two-story brick and mortar establishment features 4,219 square feet and offers seating for 114 guests, along with a comprehensive asset list (see attached). Recently (2024), the building was fitted with a new roof, along with a new upgraded heat exchange system and two brand-new exhaust fans.
Competition
The market lacks significant competition beyond the casinos. The only alternative dining option is primarily a bar that offers food, whereas we position our establishment as a full-fledged restaurant with an excellent bar selection.
Growth & Expansion
When we embarked on this business journey, we lacked substantial experience in managing a restaurant or bar. To guide us, we enlisted a restaurant consultant who assisted with everything from kitchen layout to crafting the menu and recipes. As we evolved, we frequently updated our menu to focus on popular items while phasing out those that didn't perform as well. We firmly believe that there is always room for improvement and that bringing in someone with more experience could elevate our establishment to new heights.
Financing
We are unable to offer any owner financing options at this time.
Support & Training
To ensure a seamless transition, we are willing to provide comprehensive training on all equipment and POS systems, as well as guidance on accounts and liquor licenses.
Reason for Selling
Our initial exit strategy was never intended to be long-term; however, as we dev
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