Ski Resort Breakfast and Lunch Restaurant
| Asking Price: | $753,000 |
| Gross Revenue: | $944,000 |
| Rent: | $5,700/Month |
| FF&E: | $50,000 |
| Cash Flow: | $235,000 |
| Inventory: | $10,000 |
| EBITDA: | $177,000 |
| Established Year: | 2009 |
For sale is a slope-side breakfast and lunch cafe located steps from the main gondola at one of the largest ski resorts in Colorado! This popular breakfast and lunch spot has seating for 50 inside, with a patio for 30+ that is active in both the winter and summer seasons. Founded in 2009, the restaurant serves basic diner fare (eggs, pancakes, waffles, French toast, paninis, burgers, etc.) as well as specialty items - all high margin items which, combined with the location, contribute to 20-30% net margins every year! Drink options include a full espresso bar, hot cocoa, smoothies and milkshakes, beer, wine, and cocktails (the business has a tavern liquor license).
Currently they are only open for breakfast and lunch, and they close for 6 weeks in the spring and 6 weeks in the fall for “mud season” (built in vacation time for ownership!) but a new owner could extend hours or opening days to both improve staff retention and revenue. The current owner has operated the business both full time and absentee in the past, depending on the managerial talent he has, but the business is currently being operated absentee, so this is a great opportunity for either a buyer looking to own a restaurant without too much time commitment, or for someone with an experienced management team ready to go!
The last three years (since COVID) have seen lots of ups and downs for ski-town businesses, and this business is no exception. Staffing has been the most difficult hurdle, as the business was closed for a few weekends last March, which hurt profits. However, the average SDE from the last three years of ownership has been $278,000 with 2021 and 2022 both over $300,000! As of Sept 30 2024, YTD SDE is $183k. Staff are currently in place and know how to run the business, and the owner has built in systems that are easy to learn and execute with plenty of checklists, inventory management systems, and recipe books. This is a great lifestyle business if you’ve ever wanted to live in a mountain town (only 90 minutes or so from Denver), have time to be active in the mountains every day, and help bring joy to thousands of customers- locals and tourists alike!
Asking price is 3.2x TTM SDE or $753,000. Seller will carry up to 20% of the purchase price for a well-qualified buyer. The current lease runs through July 2025 with an option to extend through 2029 and could be renegotiated by the buyer. The owner has made a number of improvements to the facility including replacing old equipment (fridges, freezers, and even the espresso machine in the last 2 years) and a renovation of the kitchen and storage areas. Total FF&E included with the purchase is estimated at around $50,000. There are limited storefronts at the Resort, so the Landlord protects the business’ breakfast niche in the area, making it often the only option for hungry customers.
This business has been pre-qualified for an SBA loan, and will meet all SBA requirements for a well-qualified borrower, meaning you could buy this business for only 10-20% down, and have positive cash flow in Year 1!
NOTE: All interested buyers will need to submit a confidentiality agreement and asset profile before receiving additional information.
**Please note that employees are unaware of any intent to sell. Any communication must be carried out with strict confidentiality.
