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Businesses For Sale   >>   New Mexico Businesses For Sale Categories   >>   

Established Restaurant - Local Favorite

Location  New Mexico,United States
Asking Price Range  $250K - $500K
Gross Revenues  $12000000
Net Profit / Cash Flow  $107681
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1988
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased
Training  Owners will train. Staff are already impeccable
Reason for Sale  Owners will retire
Description  Attractive 10 year American-style restaurant with beer and wine license. Has an incredibly loyal following in Santa Fe. Over 90% ''regulars'' on any given day. Absolutely turn-key. Located smack dab in the middle of the growing south side of Santa Fe where population and retail growth is occurring. Good parking and handicapped access. Hits the sweet spot with mid pricing for high quality locally sourced foods, much sought after by locals. Not dependent on ebb and flow of tourist season. Revenue is consistent year round. Good solid staff in place. 120 seats plus 25 on the patio.Average yearly sales is just over 1 million. Average cash flow for the past 3 years is $107,681. Catering is ongoing. Owners will support the transition. FF&E $110,000. Inventory $6,000. Cash Flow $107,681 (average past 3 years). Selling Price $329,000
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