$349,000

18 Town Plaza

Durango CO, 81301

Description

Well known and trusted Cafe offering breakfast and lunch from a busy shopping center in the center of Durango Colorado. Voted best breakfast, best milkshake and locals favorite, the business has a 40 year history of providing fast, fun and friendly casual meals. Operating 6:00 till 2:00 every day, the owners have plenty of time to devote to family, friends and hobbies all while making a six figure income. Breakfast v lunch revenues are about 60-40 except on weekends when its closer to 70-30. The facility has tons of parking (a competitive advantage) and includes grocery and hardware store anchors. Being nimble and easy to operate, the business adjusted quickly to government restrictions during Covid-19 which helped to minimize the obvious downturn but most importantly, solidified the trust the locals have in the business. Seller is exiting for retirement which happens to be during Covid-19, not because of it. They had never owned a restaurant when they bought this one 40 years ago and will help transition a buyer in. This one is definitely worth a look.

Details

MLS#770860
Listing TypeFor Sale
StyleIQWeb_Other Business Opportunity
Sub-TypeResale
StatusActive
Days On Site125

Features

SQ Feet1,000
Story(s)1
Units1
ZoningCommercial

Market Activity 81301

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Area Information
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$349,000
low | high
Med:
$375,000
42.550143266476% of Average
SqFt:
1,000
low | high
Med:
1,014
48.6% of Average
$ / SqFt:
$349
low | high
Med:
$370
44.023364814381% of Average
On Site:
125
low | high
Med:
154.5
80.906148867314% of Average
Listing Updated: 10/19/2020
Charlie Cole LogoMLS Number: 770860
Listing Provided By:
Charlie Cole  of  Cole and Company Inc.

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