||Employees||10 full, 7 part
* Included in Asking Price
As Southeastern New Mexico shows signs of roaring back, now is the time to take advantage of this turnkey business opportunity in Hobbs. Lea County was just named New Mexico's top county for economic expansion and local investment, the Permian Basin is posting double-digit increases, and the area is experiencing a business growth rate of 8.5%.
This 286-seat full-service restaurant and bar has established a winning formula with its popular menu, high-quality food, and family-friendly ambiance. A giant projection screen and 19 large screens make sure that there's no bad seat in the house. Equipped with a dance floor, portable stage and sound system, the 8789 SF venue is one of the few options for live music and dancing in the area. A top notch management team and fully staffed operation make this an attractive absentee-owner opportunity. If an owner/operator does take over, expect income your income to increase substantially.
• Lea County has a business growth of 8.5%, $84 M in GDP growth, and a new building permit issuance of 16.8%.
• Direct frontage on major commercial highway
• The opportunity to purchase the real property associated with the business
• Across the street from Hobbs' new $63.5 M recreational facility
• Full New Mexico liquor license permitted for Sunday Sales ($350,000 value)
• Complete structural remodel and $156,526-worth of leasehold improvements
• 240 SF walk-in beer cooler that provides the bar with a direct-draw system
• Giant projection screen, 19 large-screen TVs, photo wall murals, and sports memorabilia
• Eye-catching branding and signage
|Competition:||The sports theming, large capacity, popular menu, and full liquor license with Sunday sales make this a strong investment opportunity.|
|Growth Potential:||Growth and expansion opportunities can be discussed upon receipt of a Non-Disclosure Agreement and Personal Financial Statement.|
|Training/Support:||Training and support will be provided during the transition. Management and staff will also support new owners during the hand-off and beyond.|
Seller Reference #SANTAFE001-N146
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