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Sunbelt Business Advisors and Houston Business Brokers is the largest business brokerage organization in the world with over 300 offices in the United States and 18 countries. Our objective is to help those people who want to buy a business, achieve that goal in an efficient and informed manner.
Sunbelt Listing ID: NM20172-MG

Popular Mexican Grill, Real Property & Liquor License Turnkey, Absentee Owner Opportunity

Description:

This popular restaurant presents a turnkey opportunity to take over a fully-staffed operation, prime commercial real estate, and a full liquor license. The current owners are absentee. As Southeastern New Mexico’s economy strengthens, the timing is right to take advantage of this established and successful operation. The 2017 sales are already 12 percent ahead of last year’s.

The restaurant provides lunch and dinner service in a festive, elegant setting that harkens back to Old Mexico. It has become a destination for a memorable meal and a venue to celebrate occasions of all kinds.

Keeping close ties with the community through various civic and community projects, the restaurant draws families, sports teams, local clubs and friends as well as out-of-town visitors. The inside offers seating for 220 with an additional 60 seats on the patio. Parking is ample.

The menu features Tex-Mex comfort food favorites with creative twists on Mexican classics. Portions are generous and the prices reasonable. A full-time general manager is in place to support new owners.  

 

Industry:  Food / Beverage
State: New Mexico
City: Other Regions
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Annual Cash Flow Notes:
Purchase Price: $2,450,000
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Purchase Price Notes:
Annual Cash Flow: * $282,809

Listing Agent: Michael Greene
Phone: 505-820-0163
Annual Revenue: $1,608,340
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Annual Revenue Notes:
Real Estate: Included
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Real Estate Notes:

Cash flow is defined as net profit plus taxes, interest, depreciation, amortization, and owner’s compensation. See earnings detail from Seller.

Tagged With: FoodRestaurant