Fun, unique concept restaurant and bar

Colorado Springs, CO

Seller Financing Available

Asking Price:$469,000
Gross Revenue:$900,000
Rent:$2,900/Month
FF&E:$140,000
Cash Flow:$75,000
Inventory:$10,000
EBITDA:$700,000
Established Year:2014
BUSINESS DESCRIPTION

Profitable and growing

3.14 Pi Bar is located in a thriving area of Colorado Springs surrounded by businesses, residential and one of the most popular tourist attractions around, (Garden Of The Gods). This fun, unique concept bar and restaurant has been open for nearly a decade. Serving lunch and dinner seven days a week, we also offer a full bar with amazing custom craft cocktails. Inside seats 45 and a large outside patio currently seats 18 with room to add more. This restaurant is actually profitable and is still growing year over year. We were voted "Best Pie In Colorado" on Good Morning America in 2022, (see video below) and have had an incredible run. It is currently owned by a family that would like to pursue different interests. It is perfect for an owner operator that wants to earn a great living baking and/or serving with heart. You'll have the ability to expand or grow in any way that you want without franchise fees, or territory restrictions from corporate overlords! From food trucks to catering to grocery store placement with our take and bake options you have lots of future potential for additional growth. Full financials available upon an executed NDA. Lots of profit as is or expand if you want! Current price is from a professional valuation in 2022. While we've grown since then we are still asking the price from that valuation and we are offering a 10% carry if needed. You'll still need at least 10% down unless you have a different loan program available to you.


DETAILED INFORMATION
Location
Colorado Springs, CO
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
15/06/2029
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All interior fixtures are included in the sale. This includes all baking and mixing equipment, freezer, baking trays, dining chairs, tables, bar stools Pi Bar merchandise and all existing inventory. Property is leased and has over 4 years left at existing terms.
Competition
We have almost no competition. This is an original concept that very few restaurants can compete with.
Growth & Expansion
As stated in listing description, the sky is the limit. This concept could have more locations. New owners could expand with food trucks or catering as we get multiple requests for weddings. Our take-and-bakes could be placed in local supermarkets as frozen, local, quality offerings.
Financing
Seller is willing to carry 10% in conjunction with a new SBA for full price.
Support & Training
Current owners are willing to stay on and train new owners for 30 days (with pay) or as needed to ensure successful training of new owners. If longer time is needed we can accommodate.
Reason for Selling
Family is pursuing other interests.
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Don Murray
Don Murray