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Asking Price$2,450,000
Revenue$1,608,340 Established2012
Cash Flow$282,809 Employees6 full, 25 part
FF&E$825,552* FranchiseNo
Inventory$12,000* RelocatableNo
Real Estate$1,610,000* Home-basedNo
* Included in Asking Price
The timing is right to step into this 280-seat fully-staffed restaurant. The prime real property and liquor licenses are included in the price. The current owners are mostly absentee. As Southeastern New Mexico's economy strengthens, the timing is right to take advantage of this established and successful operation. 2017 sales are already 12 percent ahead of last year. The current owners are mostly absentee.
Competition:This business has a strong position in a rebounding market.
Growth Potential:Now that New Mexico's energy economy is coming back and Hobbs is jumping, new owners can expect to make gross revenue and cash flow more aligned with previous performance. * 2014 Gross Revenue: $2,290,064 * 2014 Cash Flow (with property-related expenses/income): $527,654 * 2014 EBITDA: $354,825
Training/Support:Seller will negotiate a training and transition period. Management and staff available to support new owners during the transition and beyond.
Sale Reason:Sellers will pursue non-competing interests.
Ad #95634
Seller Reference #SANTAFE001-N170
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Michael Greene
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