CASH COW! Trendy, established, and profitable restaurant for sale

Lea County, NM
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Asking Price:$895,000
Inventory:$20,000
Real Estate:$1,750,000
Cash Flow:$250,000
FF&E:$250,000
Established Year:2008
BUSINESS DESCRIPTION

Established restaurant with real estate and full bar.

Will sell turn-key restaurant business by itself (with a long-term lease available at favorable rates) or with real estate ($2,500,000 total). Full liquor license included in sales price if real estate purchased; otherwise it can be included in the facility lease.

This is a 7k sq-ft (plus covered patio seating) full-service restaurant open for lunch and dinner. Opened in fall of 2008 in a new building, this business has had excellent profits since the beginning. Prime location within blocks of major shopping area with ample parking. Recent updates (2022) include complete remodel of bathrooms and light interior remodel. Brand new point of sale system purchased in 2019. Fiber optic internet run directly into building. Multiple TV's on bar side have been particularly effective in continuously attracting customers. The menu is unique and has been attracting new guests and bringing then back for the last 13 years!


DETAILED INFORMATION
Location
Lea County, NM
Inventory
Included in asking price
Real Estate
Owned
Building SF
7,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
over 250 seat capacity, full dining/bar. Covered patio with 65+ more seating capacity. POS system is owned by restaurant, multiple TV's (8) all cooking equipment and prep equipment (oven's/fryers/warming stations/cold stations all owned by restaurant.
Competition
On major street coming into city from many directions, close to many hotels and shopping in the area. Highly visible area, extremely high traffic area.
Growth & Expansion
Unique and different atmosphere, that would translate well in major metropolitan areas. Business has been in business since 2000.
Support & Training
2 active owners could stay on for some length of time to train and or advise after sale. Can discuss in more depth at time of purchase. Willing to help new owners succeed.
Reason for Selling
Looking to retire, move on to the next phase in life.
Franchise
This business is an established franchise
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Matt Volquardsen
Matt Volquardsen