Popular Mountain Resort Town Restaurant

Angel Fire restaurant for sale

Popular Mountain Resort Town Restaurant

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 this resort town for over ten years. It’s 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. 2021 is off to a strong start with SDE on track to match or exceed the pre-Covid numbers. This despite not operating at 100% capacity!

A new owner/operator will take over a proven menu, a great reputation, and seating for over 60 guests. A strong management team is in place. 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, 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 above are based on the last 12 months ending May 2021.

  Sales SDE
2018 $586,581 $119,549
2019 $661,671 $131,830
2020 $646,299 $76,539
2021-May (the 12 Months Ending 5/31/2020) $626,493 $110,622

Listing Details

Revenue: $626,493

Cash Flow: $110,623

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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