Long Standing Restaurant & Bar w/ PRIME Real Estate

Grand Junction, CO
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Asking Price:$1,985,000
Gross Revenue:$2,311,321
FF&E:$358,760
Established Year:1977
Cash Flow:$220,413
Inventory:$20,440
Real Estate:$1,750,000
BUSINESS DESCRIPTION

Established in 1977, Dos Hombres has been a cornerstone of the local Grand Junction, CO restaurant industry for many decades. Located in one of the busiest and most sought-after strips of restaurant/retail exposure in Western Colorado, the time and place could not be better for a new owner/operator/investor to come in to scale and improve on the existing business, redevelop & revitalize the existing brand, or to start a new restaurant concept w/ existing FF&E & RE. Dos Hombres has been the go-to location for Mexican cuisine and has had extensive success in serving Mesa County customers while receiving resounding positive feedback & reviews throughout their tenure of over 40+ years in business. All inventory, FF&E, Goodwill & Intangibles (Dos Hombres name, brand, & Intellectual Property), as well as all the real estate & improvements are included in the sale. Everything is turn-key ready for new life to be injected into the business & location. Owner plays a semi-involved role in general oversight but it is believed that (long-term) roles can be delegated for an absentee or remotely managed operation if desired. The property is expansive (0.90 Acres & 7,200+ SF) and possibilities to utilize and repurpose portions of the real estate could help maximize return to a creative buyer looking to redevelop the current operation & layout without interrupting existing business operations and cash flow.


DETAILED INFORMATION
Location
Grand Junction, CO
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
7,269
Employees
49
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Prime commercial real estate on highly desirable 0.90 Acre lot off the corner of Patterson and I70 Business Loop - one of the highest restaurant volume sales districts in Western, CO. The property boasts over 7,200 SF of retail/restaurant floor-space that includes a 1000 gal. grease trap, full commercial kitchen, full bar, and all FF&E. The property is in outstanding condition with many upgrades including a new roof, hot water tanks, and make up air units. Great site for value investor, restaurant operator, redeveloper, or multiple uses.
Competition
Within the local marketplace (Eastern Grand Junction / Clifton), there is a fair amount of alternative food options available to clientele (QSR / Fast Food). Although, there is little to no Mexican Restaurant and/or Sit-Down Restaurant competition in that local market/area. The area is know for high-volume producing stores in the industry, indicating the vibrancy of the adjacent local marketplace. Dos Hombres separates themselves by the quality of food, service, and condition of facilities found in their restaurant.
Growth & Expansion
It is believed that a new operator that brings new life into the brand or new restaurant concepts in this location could leverage the existing infrastructure and presence of the existing operation. Location and adjacent target market is premier. Management & Branding has seemed to grow stale over the recent years and needs fresh legs. Opportunity for additional revenue streams are available as well, such as incorporating a drive-through, hosting events, or demising the property- ie. keep existing business in 1/2 the building, new bar concept in other 1/2
Support & Training
Seller will stay on for training as necessary for new Buyer.
Reason for Selling
Retirement

BUSINESS LOCATION
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Kyle
Serrano
Venture Group
Kyle Serrano