28 Feb Covid-Resilient Restaurant – Profitable Take-Out & Sit Down
Location: Northern New Mexico, New Mexico
Industry: Restaurants and Cafes, Family Restaurant
Listing ID: N213
This family-friendly restaurant has been a popular fixture in the mountain resort town of Angel Fire for over ten years. It has thrived under different owners, with impressive sales growth the last four out of five years. In 2020, sales were only 2% off the 2019 high. A new owner/operator will take over a proven menu, a great reputation, and seating for 62 guests. The restaurant is open for lunch and dinner, has always done a brisk to-go business, and operates with a beer & wine license.
Through much of the year, Angel Fire’s recreational activities bring in a steady stream of skiers, bikers, and others looking to enjoy the great outdoors. This peaceful mountain town offers numerous recreational activities and an affordable lifestyle.
Sales and SDE shown are an average of the last three years. While sales stayed steady in 2020, SDE dipped that year due to a shift to an absentee-owner model.
Cash Flow: $109,306
FFE: $142,000 (Included in Price)
Inventory: $6,000 (Included in Price)
Real Estate: (Not Included in Price)
Seller Financing: Available
Reason For Sale:
Seller has other professional obligations.
Training & Support:
Seller will work with new owner to provide a smooth transition.
Non-Owner Payroll: $214,577
Security on Lease: Yes
Lease Option: Yes
Monthly Rent: 2178
Square Footage: 2000
Centrally located, approximately 2000-square-foot leased venue with indoor and outdoor seating. Ample parking makes it convenient for to-go service.
Competition is minimal.
An owner/operator should enjoy a return to historic levels of SDE. The restaurant’s sales and SDE have steadily grown as Angel Fire becomes a year-round destination. Already known for its ski resort, top-rated mountain bike amenities, conferences and weddings are bringing in visitors and second-home owners throughout much of the year.