The Stockyard s a Prime Hwy 50 Restaurant and Lounge Established Business w/ Real Estate for Sale 1205 Main Street (Highway 50), Delta, Colorado 81416 DRASTICALLY REDUCED PRICE: $389,000! Includes: Real Estate, Business, Inventory and Strong Following!
Executive Summary Great Main Street location. This restaurant location has been serving the community since 1949. The current owners have been operating the facility since 2001. On the outskirts of the City of Delta, the property accommodates big rigs and trailer parking with easy ingress and egress off Highway 50. The new Alternative Truck Route has provided even better accessibility to the property with a right in and a right out of the property for both the new truck route and Highway 50. This change provided additional shared parking as well. This Gem of a restaurant, currently a well known and highly patronized family steakhouse, is open 6-7 days a week and provides breakfast, lunch and dinner. A copy of their NEW MENU is available. In addition to their steaks and hamburgers, they just brought in a smoker and are offering delicious BBQ ribs, brisket, chicken and sausages as their specialty items.. Many local patrons frequent the restaurant for their meals. The dining room and bar area accommodates 80 to 90 patrons. Currently, the bar is only +- 5% of their sales so there is an opportunity to increase the sales volume in alcohol sales. A private outdoor patio provides additional seating for 24 to 30, ideal for private gatherings or social gatherings. The owners have been providing fresh baked pies which have become extremely popular to the local residents. The restaurant serves many regulars throughout the day and has become a great meeting place for the community. The Delta Area Chamber of Commerce is one of the most active Chambers in the State and is actively marketing the businesses of downtown Delta hosting Business Before Hours, Business After Hours, Women in Business, Region 10 seminars and workshops for business owners on a monthly basis. Events such as Deltarado Days, the Parade of Lights, Farmers Market and Street Market Fairs keep patrons visiting the downtown area all year long.
1205 Main Street, Delta Building Description Year built: 1949 (Delta County Assessor s Records) Parcel Numbers: 345724420400 and 345724420002 Total Acreage:.80 (Delta County Assessor s Records) Square Footage: Restaurant 3,659 +/- Patio 674 +/- TOTAL COMBINED: 4,333 +/- Seating Capacity: Dining Area 32 Bar Area 57 Patio Area 24 to 30 Dining area accounts for 90% of sales; the bar area 5% and the patio area accounts for 5%. Capital Improvements: +/- $65,000.00 (Detailed List Available) Furniture Fixtures and Equipment: +/- $40,000 estimated current value Parking: Parking has just had new road base installed after the City completed the construction of the Alternative Truck Route allowing more parking and easier access.
Operations & Profit and Loss Details Summary P & L 2014 2015 2016 Gross Sales: $668,351 $712,257 $702,367 Total COGS: -269,534-283,019-256,396 GROSS PROFIT: $398,817 $429,238 $485,059 Expenses -405,552-435,875-428,930 Seller Add Backs $ 86,536 $ 75,927 $ 64,429 NET INCOME/SDE $ 79,801 $ 69,290 $ 81,470 *Numbers reflect actual income and expenses taken from their tax returns and Seller s Discretionary Earnings (SDE). Depreciation, Owner Compensation for one Owner, Business Loan, Mortgage, Interest Expense and capital improvements have been added back in to the net profit to arrive at the Seller s Discretionary Earnings. Sellers made numerous changes and improvements in the operations of the restaurant which produced a tremendous increase in Net Income/SDE for 2014 and in 2015 showed another increase in sales. On going adjustments such as in COGS, payroll, smaller menu, higher pricing are being made to increase the net profit and reduce the amount of time spent by the Owners which resulted in closing 1 to 2 days per week.. Detailed add-back items and financial statements are available to qualified interests. These numbers are for discussion purposes only. Broker does not guarantee nor warrant the accuracy, each Buyer is obligated to do their own due diligence and verification. Reduced Price: $389,000.00 Includes Real Estate, Business, Inventory and Strong Following! Contact: Lucinda Stanley, CCIM, Broker/Owner at: 970-512-3000970-201-2152
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AREIAL MAP AND LOCATION
Proposed Truck Route Ingress and Egress
CAPITAL IMPROVEMENTS : During the period of this ownership, approximately $60,000 has been invested in capital improvements along with regular repairs and maintenance to improve the property. Some of these improvements include: 2005 Flooring redone in dining room with non-slip material $ 3,758.28 2006 Revamped breakers in kitchen $ 4,625.31 2002 Large capacity grease trap to code $ 4,000.00 2010 Outside billboard sign (new one 2014) $ 6,562.23 2012 All new piping and clean out inside and outside to sewer $40,000.00 OWNERSHIP: Current restaurant ownership is a corporation with rents going to the owners partnership. AMENITITES: Full service kitchen; full service bar; outdoor patio seating; lots of parking proposed by the City of Delta to handle large events; easy ingress and egress for big rigs and campers to enter and park; only 25 minutes from Montrose Airport and 2 hours from Telluride. Excellent visibility, long standing patrons are among the many amenities of this property. Approximately $40,000 in FF&E included in the purchase price. A list of items excluded will be provided. Some items not included but are available to purchase are: the Bar, Smoker, wood cabinets, coffee pot clock and history shadow box. A full list will be provided. UTILITIES: Natural Gas: Black Hill Energy - Gas Average: $1,211 High: $1,985 Low: $710 Electric, Water, Sewer and Trash are handled by City of Delta (combined billing) High: $1,900 Low: $1,350
Possible Local Financing: RECAP ON THE STOCKYARDS RESTAURANT Alpine Bank Barbara Wolfe, Market President Phone: 970-986-3700 Bank of Colorado Rob Turner, Market President Phone: 970-874-8600 Colorado SBDC Region 10 Phone: 970-249-2436 First Colorado National Bank Amy Crick, Marketing Director Phone: 970-874-2492 Potential Upside to a New Owner: Hosting concerts, benefits and private parties/events Increase bar revenue by adding happy hour, late night menus (currently +/- 2.5% of Revenue) Lower the COGS with bulk purchases, less variety, less vendors (avg. 37.5%) Local marketing and on-line marketing utilizing Facebook, Twitter, Blogging, TripAdvisor, etc. Possible regional chain restaurant location with great access, visibility and signage or a micro-brew pub. Recap: Great location for a serious and experienced restaurant operator with a lot of potential upside. Financials available for qualified buyers. Possible financing thru any of the above lending sources. Owners would stay on and train or assist during the transition to maintain patron relationships.