||Employees||8 full, 3 part
* Included in Asking Price
This well-established Mexican restaurant has been in existence since 1993, created by the current owner. The business operates as a Limited Liability Corporation. The real estate is also owned by the seller under a separate entity, and although it is not included in the sale, should a buyer be interested in purchasing the real estate, the seller would be open to a conversation.
The restaurant is the most popular Mexican Restaurant in the Mount Washington Valley, proudly offering quality, authentic delicious Mexican cuisine in a festive, fun, and colorful atmosphere. Conveniently located with excellent visibility, the restaurant is easy to visit whether you are entering or leaving the Mount Washington Valley. This little piece of Mexico prides itself on appealing to loyal, repeat customers including visitors and locals alike. It continues to achieve their longstanding goal of providing reasonably priced, fresh, simple, and flavorful food and drink in a comfortable, festive atmosphere. Loyalty of local families and businesses helps yield strong year-round numbers.
2020 was certainly a challenge due to COVID 19 restrictions but the restaurant has rebounded extremely well in 2021, despite having to close for a period due to road construction taking place in front of the business, which has now been completed.
Offered for sale is the business entity, including all tangible and intangible assets. The building is in good condition and fully functional as an established restaurant with both on-site and on-street parking. This is an established business in an established location with an established and loyal following.
Required Licenses: Food, Liquor
|Competition:||Although there are many dining options in the area which is part of the draw to the area, this restaurant has a niche market with its popular Mexican offerings. The restaurant has only one real competitor in the valley which is a chain Mexican restaurant which is not as established. Their established history at the same location brings folks back from year to year resulting in consistently strong market share.|
|Growth Potential:||The owner has thought about adding flat breads to enhance profitable offerings. Also, the bottom line could be greatly impacted by getting their homemade sauces and salsas into grocery and convenience stores.
They also believe that by adding breakfast on weekends the bottom line would also be positively impacted and will attract a whole new audience.|
|Training/Support:||The current owner is willing to stay on and train for two weeks after the transfer of the business at no charge and may be available on a paid consultant basis should that be important to the buyer.|
|Seller Financing:||Seller is willing to provide limited terms to a qualified buyer based on the strength of the deal.|
|Sale Reason:||The current owner is looking to retire after many years in business.|
Seller Reference #NEWHAMP001-N42
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