Covid-Resilient Restaurant – Profitable Take-Out & Sit Down

Angel Fire restaurant for sale

Covid-Resilient Restaurant – Profitable Take-Out & Sit Down

Price: $260,000

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.

  Sales SDE

2018

$586,581 $119,549

2019

$661,671 $131,830

2020

$646,299 $76,539

Listing Details

Revenue: $631,607

Cash Flow: $109,306

EBIT: $-2

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.

Operation

Non-Owner Payroll: $214,577

Employees: 10

Managers: 2

Location

Security on Lease: Yes

Lease Option: Yes

Monthly Rent: 2178

Square Footage: 2000

Relocatable?: No

Facilities Information:

Centrally located, approximately 2000-square-foot leased venue with indoor and outdoor seating. Ample parking makes it convenient for to-go service.

Summary

Competition:

Competition is minimal.

Potential Growth:

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.

Angel Fire restaurant for sale

Michael Greene

info@samgoldenberg.com
505-820-0163
Address:
126 E. De Vargas Street, Santa Fe NM 87501

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