The Dean West - Kremmling Area Hot Spot - For Sale
Asking Price: | $350,000 |
Gross Revenue: | $1,190,756 |
FF&E: | $125,000 |
Cash Flow: | $180,000 |
Rent: | $3,070/Month |
Established Year: | 2019 |
Incredibly popular local bar & eatery available w seller financing
Nestled in the heart of the Colorado Rockies, The Dean West restaurant & bar, is the most popular destination in Kremmling, Colorado. Known for its outdoor adventures and western hospitality, downtown Kremmling provides an ideal setting for both locals and tourists to enjoy all The Dean West has to offer.
The Dean West boasts ample parking and a spacious outdoor area, transforming into a vibrant hub for music, patio dining, and a space for family fun during the summer months.
The Dean West is a great opportunity for an owner/operator who can run the bar or the kitchen. The current bartender wages are included in the cash flow below to truly reflect the income from an owner operated business with the owner acting as the bartender. The number would similar if the owner was the chef.
Business Overview:
The Dean West is presented as a turnkey operation and includes all furniture, fixtures & equipment.
Room for Expansion:
Currently operating for lunch and dinner five days a week, The Dean West has the potential to increase production and meet the demands of the community seven days a week. Additionally, with the town expressing an explicit need for another breakfast spot, there's an opportunity to tap into the breakfast market.
The local demand for catering services presents an avenue for growth. With the addition of a nearby event pavilion in the park across the street, local guest ranches, rafting companies, multiple options exist to tap into the ongoing expansion in the area.
Lease Information:
The current lease is valid through April 2025 with options to extend.
Origin of The Dean West:
In early 2019, the vision for The Dean West began when the owners of The Dean Public House in Hot Sulphur Springs were invited to participate in a groundbreaking concept — combining a restaurant, bar, brewery, and distillery under one roof. In May of 2019, The Dean West, Grand Adventure Brewery (GAB), and Blue Valley Sprints (now Idlewild Distillery) joined forces, creating Colorado’s first Brewstillery.
The Dean West, as the cornerstone and anchor of this unique venture, offers 18+ beer taps, a temperature-controlled barrel-aged cask room, a full bar featuring specialty cocktails in collaboration with Idlewild Distillery, and licensing for limited bottle/can sales for both GAB and Idlewild.
Historical Significance:
Steeped in local history, The Dean West building served as the Dan Hoare blacksmith's location in the early 20th century. Since the 1960s, it has evolved into a restaurant and bar, gaining steadfast support from the community and outlying ranches. Positioned along Hwy 40, The Dean West benefits from consistent tourist traffic, remaining busy throughout the year.
Resilience Through Challenges:
Dean West's enduring success stems from its adaptive business model, remaining very profitable through changing times, including the challenges posed by Covid-19. Through a commitment to quality products, comprehensive indoor and outdoor service, a team-oriented approach to staff management, and collaboration with local adventure outfitters, The Dean West has not only retained loyal local support but also gained popularity among tourists. Today, it stands as a testament to resilience, community engagement, and a dedication to excellence in hospitality.
Seller financing available to qualified buyers with 50% down.
Additional details available upon request.
Additional press for reviews:
1) https://shorturl.at/ijpw6
BUSINESS LOCATION