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OFF-MARKET
Retail properties & Spaces

30 Year Old Mediterranean Neighborhood Restaurant For Sale Boulder, CO 80304

3,000 SF Built 1992
Property ID
Property summary
AI-generated overview

This thriving Mediterranean restaurant in Boulder, Colorado, presents a unique investment opportunity. Established in 1992, this 3,000 square foot restaurant boasts a loyal customer base and a reputation for award-winning cuisine, recently voted "Best Appetizers/Tapas" in 2024. The restaurant features a warm ambiance, indoor seating for 84, and a spacious outdoor patio, perfect for enjoying Colorado's sunshine. The fully equipped kitchen includes a wood-burning pizza oven, 15-foot hood system, ample prep space, and all necessary cooking equipment including a walk-in refrigerator and freezer. Currently operating with limited hours (5 hours daily), this presents significant growth potential by expanding operating hours and enhancing the customer experience. The restaurant generates over $1.4 million in annual gross revenue and enjoys a month-to-month lease with a monthly rent of $7,000. Seller financing is available. The sale includes all equipment, fixtures, and the established business, making this a truly turnkey operation. Located in a vibrant neighborhood with strong competition, the restaurant shares a parking lot with a Lucky's Grocery store and is situated near a Playhouse theater, ensuring high foot traffic. This is an exceptional opportunity for an experienced restaurateur or a budding entrepreneur seeking a profitable and established business with a proven track record of success. The business employs 24 people.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1992
Total area 3,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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