2165 PINE GROVE RD Steamboat Springs CO 80487-9799

One-of-a-kind property in Steamboat Springs. Located on Mt Werner Road across from the Meadows Lot with high visibility to all traffic heading to the ski area. This beautifully designed building has been home to successful restaurants for years. Vaulted ceilings, tons of natural light and ample parking makes this location an excellent restaurant or retail location. The centerpiece of the dining room is a large, dual sided fireplace surrounded by windows and views to the ski area. Currently, the building is a successful restaurant with an outstanding kitchen layout including a 21-foot hood system, multiple prep and cooking stations, raw bar, belly-up bar and open floorplan seating. With nearly 7,300 square feet, the building could accommodate many ideas and concepts.

Established in 2004 and located ½ mile from the base of Steamboat ski resort, Three Peaks Grill is a full service, contemporary American restaurant featuring hand cut steaks, jet fresh seafood and oysters from around the world. Steamboat’s largest dining room at 4,500 square feet offers seating for 198 and showcases a chic fireplace lounge, dining room with vaulted ceilings, an open kitchen brigade and Steamboats only oyster bar. Weddings, rehearsals, business entertaining and fundraisers are all easily executed at this fully equipped restaurant. 70 on-site parking spaces for use after 5:00 PM.

During the warmer months, there is a secluded garden patio with additional seating for 30. Strings In The Mountains is a 600-seat indoor music venue directly across the street and within walking distance. Major musical and theatrical acts play here throughout the summer and winter. In addition, there are numerous, high end residential communities all within walking distance.

A Non- Disclosure Agreement signed by all interested parties will be required by seller in order to release lease information, FF&E and restaurant P & L statements.

Landlord approval of lease transfer will require all interested parties submit personal restaurant and hospitality resume, proposed business concept changes and buyer's financial statements including working capital.

Included in the selling price are as follows:

TPG Trademark, name and established reputation. All FF&E. All kitchen equipment, catering equipment, small wares, tableware & glassware. Spot on cloud-based POS system with 5 workstations w/ printers upgraded in 11/2022. Electronic package including recipes and day to day managerial documents. Host station iPad - open table integrated. Music system. 2020 Copier / Fax. 2020 Dell computer and printers. Restaurant cleaning equipment, lawn care equipment, maintenance tools, irrigation system. Ample storage areas. Inventory is not included in selling price.

Competition:

TPG is Steamboats largest restaurant dining room. Spacious dining offered during the pandemic has been attractive to our guests. Pre-Pandemic, TPG was grossing just under 1,000,000 in gross sales with a steady increase in net income from 2016 to 2019. In the earlier years TPG achieved sales of 1,4000,000 in gross sales. While competition is good for everyone, TPG is considered a casual, fine dining restaurant and should not be compared to a great deal of casual "turn and burn" restaurants in the area.

Growth & Expansion:

On & Off Premises Catering, Delivery & Take-Out, Late-Night Dining, Music & Dancing Venue and Sunday Brunch All May Be Considered Growth Opportunity to Increase Revenue.