Award-Winning Restaurant & Wedding Venue w/Idyllic 19 Acres

Price: $4,225,000

Location: Colorado Front Range

Industry: Fine Dining and Wedding & Banquet Venue

Listing ID: 581763

Listing Description

Picturesque Foothills Property, 300 seats, Tavern, Patio & Two Kitchens

This award-winning and highly successful restaurant, wedding and banquet facility is in the northern Front Range Foothills near Denver, just 45 minutes from Denver International Airport (DIA). Both restaurant and real estate are for sale.

The restaurant goes back many years, but the facility has been beautifully updated through time with great taste and a sensitivity to structural integrity. The ambiance is exceptionally romantic.

The facility has built a great reputation and a very loyal following for its food, service and wine selection. The Front Range population growth north of Denver is continuing at a fast pace, so the future is secure as new customers keep discovering it.

Its beautiful 19-acre site is a photographer’s dream, with riverfront meadows, ponds and even a waterfall. The 11,000 sq. ft. facility offers a versatile layout. It has two kitchens, several dining areas, a tavern, three fireplaces, two outdoor patios, expansive garden areas, a breathtaking view of western sunsets and even a spacious 200-car parking lot. There’s also a small, charming one bedroom, one bath cabin on the restaurant property that can be leased or used as part of a restaurant event.

About 5 acres surrounding the restaurant are meticulously maintained. 14 of the 19 acres, however, await further development by a creative new owner. The undeveloped acreage is zoned to protect the restaurant views, but there are some creative project ideas that the seller will gladly share with a new owner for these 14 undeveloped acres.

The facility is open year-round and employs 35-40 people. It’s currently experiencing good year-to-year sales increases, but the addition of catering, more weddings and more banquets are potential growth areas. Its two kitchens make that possible. The restaurant is currently open to the public mostly just for dinner, with added brunches on the weekends.

This is an ideal opportunity for an entrepreneurial or strategic buyer. The real estate surrounding the restaurant is unlike any other on Colorado’s Front Range. The restaurant itself has a romantic “country inn” feel. The landscaping is elegant.

At this juncture, a new owner will have plenty of room and time to make decisions going forward, and to realize and build their own dream on this unique historic property. The current owner has been in the restaurant business for many years and has a wealth of knowledge about the local market. He now wishes to retire but will offer plenty of transition assistance, if needed.

Contact us, register with us, sign our NDA and receive our confidential Offering Summary on this extraordinary one-of-a-kind opportunity!

Listing Details

Total Sales: $2,560,000

Cash Flow: $270,000

FFE: $150,000 (Included in Price)

Inventory: $230,000 (Included in Price)

Real Estate: $3,500,000 (Included in Price)

Terms and Conditions?:

Seller Note Amount is Negotiable.

Reason For Sale:

Owner is retiring.

Training & Support:

Seller will be available to train and assist new owner as needed.

Operation

Year Established: 1967

Employees: 35-40

Location

Square Footage: 11,000

Facilities Information:

Restaurant, cabin, two out-buildings and 19+/- acres of gardens and open land currently leased to the restaurant by the separate entity also owned by the restaurant’s owner. The restaurant seats 300 indoors, has a 35-seat tavern and a picturesque 60-seat outdoor patio. Real Estate is also for sale for $3,500,000.

Summary

Competition:

There are few competitors at this level. The real estate is exceptionally beautiful and lends itself well to outdoor weddings and great photographic opportunities around mountain views, forest foliage and water features. The cuisine is well-reviewed. The wine cellar selection is renowned. The building has an historic ambience. There is free parking for 200 cars.

Potential Growth:

The business has been stable and steady and well-loved for years. It has grown lately with new innovations in service implemented recently by the current owners. 14 of the site’s 19 acres are still open for further development.