The 30-day suspension for a liquor law violation that closed The Border Restaurant and Lounge expires Nov. 18, but the business’ owner is hoping the familiar watering hole near DU doesn’t have to reopen.
The goal is to sell the business, says listing agent Shawn Sanborn of Sanborn & Co., which specializes in restaurants, hotels, bars and liquor stores.
Border owner REM Capital Corp. of Parker, Colo., is seeking $195,000 for the bar and kitchen equipment in its 3,886-square-foot location at 2014 S. University Blvd. The business is tucked into the elbow of a 1960s-era wing of businesses that include Subway, Jason’s Thai and Floyd’s Barbershop.
REM’s decision to sell is part of a formal agreement the corporation reached with the city and county of Denver. It came after The Border was accused of selling alcohol to an underage individual during an undercover police operation in July, according to Assistant City Attorney John Poley (JD ’85). It was The Border’s fourth violation since Feb. 12, 2006, Poley says.
“Every graduate and undergraduate who ever thought he wanted to be in the bar business is calling me,” Sanborn says. “On a slow day, I get from three to six or eight calls from students.”
Sanborn says REM has a “good long-term lease” to go with its equipment, a location in “one of the best bar and restaurant markets in Denver,” and a hotel-restaurant-class-dance-cabaret liquor license that is “difficult to get” and transferrable.
Wednesday, November 18, 2009
Looking for a little excitement in your life? Have we got a deal for you. Buy the world famous Border Restaurant & Bar near DU for pennies on the dollar. (Read the entire article in DU Today.com)