Sales of Nearly $800,000 at this New Mexico Restaurant for Sale

West Las Vegas, NM
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Asking Price:$199,500
Gross Revenue:$797,087
Established Year:2017
Cash Flow:$83,221
Rent:$2,000/Month
BUSINESS DESCRIPTION

Why work for someone else? The owner operator of this New Mexico Restaurant for Sale earns over 10% on nearly $800,000 in sales per year. Be Your Own Boss and take home $83,221 in this opportunity. SBA Lending on this opportunity for qualified buyers with just 20% down. What are you waiting for? A money-making machine with a total of 18 experienced and well trained staff, this Profitable Restaurant for Sale has been around operating since since 2017 and has been increasing in sales, profits, and popularity since it's start. The owner is ready to retire and is willing to offer you the chance to take over this business. Don't wait! Bring your offer today to the Restaurant Brokers on this high volume Restaurant for Sale. Demand is high near Las Vegas New Mexico for locations like this one. Surrounded by plenty of motels/hotels, which means plenty of travelers are looking for a great home cooked meals. Recreational marijuana is now legal and this area is nearby Texas, Oklahoma, and Colorado. This Restaurant for Sale offers great visibility from the road. Operating hours are just 7am - 2pm & 4pm - 9PM Thursday through Tuesday. Earnings of over $82,000 provides a nice lifestyle for your family while you are in business for yourself. We can assist with lending on this opportunity. This Restaurant for Sale should have no problem being approved for SBA lending with one our lending resources. You just need 20% down and we'll have you in front of lenders this week. This Restaurant for sale has a fully equipped front and back of house including: 3 gallon coffee maker, Freezer for beer glasses, hood, 1000 gallon in ground grease interceptor, 2 fryers, 4 burner stove top, Flat top grill, two 4 well steamers, 2 microwaves, Several blenders,rack shelving units,Scales, Slicer 2 glass door reach in coolers, 5 reach in freezers, one 2 door reach in frig, one 3 door reach in frig, prep tables and more. This is an extensive equipment package in placed and churning out sales of nearly $800,000. The lease on this large 2,500 square foot Restaurant for Sale is negotiable but will fall within the industry standards at 10% or less of sales. In accordance with SBA guidelines the landlord is willing to do a five-year option, with an additional 5 year option to renew to cover the length of the 10 year loan term.This high volume opportunity does require that we obtain buyer pre-qualification in the amount of $50,000 for full details while this Restaurant for Sale is still available. By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.


DETAILED INFORMATION
Location
West Las Vegas, NM
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
01/07/2027
Employees
18
Facilities
25 tables 6 picnic tables 116 chairs Flatware Silverware Condiment Dispensers Sound System TouchBistro POS Security Cameras Copy machine Store Decor 3 flat screen tvs 6 booster seats 3 gallon coffee maker Freezer for beer glasses Grease hood 1000 gallon in ground grease interceptor 2 fryers 4 burner stove top Flat top grill 2-4 well steamers 2 microwaves Several blenders Pots, pans, small wares 2 soup wells 12 metro rack shelving units Scales Slicer 2 glass door reach in coolers 5 reach in freezers 1 2 door reach in frig 1 3 door reach in frig 3 prep tables Ice machine Stainless steel tables Infrared heat lamp Leased dishwasher Soda machine provided byCoke
Competition
Surrounded by plenty of motels/hotels, which means plenty of travelers are looking for a great home cooked meal. Recreational marijuana is now legal and area is nearby Texas.
Growth & Expansion
Great visibility from the road. Limited Competition and low hours.
Support & Training
Negotiable with new owner
Reason for Selling
Retirement
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Robin
Gagnon
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Robin Gagnon