Perpetual First

We are Perpetual First, a development company with proven success at transforming adaptive reuse properties into unique food & beverage spaces. Through creative solutions and a deep understanding of the market, we can cultivate sleek, comfortable spaces that retain the authenticity and character of the original property.

Our Approach

Conservative Underwriting

We opt to air on the side of caution, sticking with conservative forecasting for our projects. Our underwriting assures a healthy refinance in year three, allowing a return of investment to all equity partners with plenty of room for upside.

Exit Strategy

We have modeled a 10-year hold on our properties to allow for high returns with an operation willing to lease for up to 20 years. However, we will continue to observe the market to determine the best time to exit.

Proven Partners

We only choose to partner with the best in the business, those with a proven track record of success. Working with operators that understand the market and can navigate uncertainty is how we stay ahead.

the Food & Bev Market

The food and beverage scene in Denver is one of the best aspect of the city and pairs perfectly with the adventurous nature of its population. The state ranks 5th in the US for amount of locations and continues to see enormous growth each year. Whether it is a local brewery, taco truck, or fine dining establishment, the f&b scene here in Denver is nothing short of superb quality. And to many, it is a lifestyle.

COLORADO

F&B Revenue $14 Billion
Number of Locations 12,700
Revenue Growth 30%

Contact Us

Interested in partnering on a development? Have a space that needs an operator? Drop us a note
and let’s get chatting.