Active
52 4th Street
Granby CO, 80446
$1,700,000
$457.85 per sqft
Active
1 Bed
4 Baths
3,713 sqft
Commercial
Built in 1945
The Pearl Dragon restaurant, owned & operated by the Long Family since 2004, is available for purchase to an aspiring owner/operator. This offering includes both the restaurant business and the iconic downtown Granby building, and is SBA financeable.
For the right buyer, the business may be purchased separately with a 5-10 year lease. Please contact listing agent for more details.
Pricing Breakdown
Business: $600,000 (with great financials)
Building: $1.1M (based on a cap rate of 7%)
Combined: $1.7M The Pearl Dragon has adapted its operations to focus on take-out service, maintaining its commitment to serving the community with fantastic cuisine, following COVID. While the dine-in service has been temporarily adjusted, the potential to open the dining room for food and alcohol sales is available with limited effort.
The Long family has invested over $500,000 in improvement to the building, infrastructure, hood and kitchen. Detail receipts are available upon request. Some of the improvements include a new roof, heating and cooling system, windows, complete interior remodel, new kitchen equipment, new bathrooms for patrons, kitchen flooring and updates to the attached 1 bedroom 1 bath apartment above the restaurant. Additional storage is also available in the 24 x 32 ft garage/storage building.
As Pearl Dragon approaches its 20th anniversary, the Long Family is ready to move on expresses profound gratitude to the community for unwavering support throughout the years.
Tours, financials, and additional details are available to qualified buyers.
24-532
MLSⓇ ID
May 11, 2024
Listed
November 22, 2024
Updated
Map
52 4th Street
Granby CO, 80446
Interior Features
Bedrooms
1
Total Bathrooms
4
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.36 Acres
Architectual Style
NOT APPLICABLE
Other Property Details
Area Name
Granby Area
Taxes
$5,340
Tax Frequency
Annually
Garage
Yes
Garage Spaces
1
Parking Total
1
View
No
County
Grand
Pool
No
Courtesy of Re/Max Peak to Peak, Nancy DuLac,
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Laura Zietz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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