Award-Winning Intimate Restaurant in Desirable Downtown Santa Fe for Sale

05 Jun Award-Winning Intimate Restaurant in Desirable Downtown Santa Fe for Sale

Posted at 13:40h in by Michael Greene

Price: $200,000

Location: Santa Fe & North Central Region, New Mexico

Industry: Restaurants & Cafes

Housed within a historic adobe, this 104-seat intimate casual dining restaurant is a longstanding favorite among locals and out-of-town visitors. Featuring a welcoming and elevated neighborhood vibe, the venue is an easy walk from Santa Fe’s historic Plaza, downtown performance venues, hotels and B&Bs.

The restaurant is well regarded for its service, carefully crafted menus, and attention to detail. An extensive wine list and a stable back and front of the house staff lend to a consistently memorable dining experience as testified to by over 3,500 positive online reviews. If you are an aspiring or experienced restaurateur, here is a magical opportunity to step into a finely-tuned operation with an attractive concept.

Listing Details

Revenue: $712,300

FFE: $150,000

Inventory: $9,500 (Included in Price)

Real Estate: (Not Included in Price)

Reason For Sale:

Seller will retire.

Training & Support:

Seller is committed to seeing the new owners get off to a strong start and will provide up to three weeks of onsite training. Further details to be negotiated.

Operation

Year Established: 2013

Year of Last Acquisition: 2013

Owner Hours Per Week: 30

Employees: 10 FT

Location

Monthly Rent: 4060

Square Footage: 1845

Relocatable?: No

Facilities Information:

Charming historic venue surrounded by lush gardens and featuring an intimate, welcoming, and elevated ambiance.

Summary

Owner Qualifications:

Buyer will benefit from having previous restaurant or hospitality experience.

Competition:

In business for 10 years, this restaurant has carved out a solid niche in Santa Fe’s active dining scene.

Potential Growth:

Right now, the restaurant focuses upon dinner service. Expanding hours, securing an enhanced Beer & Wine license to offer cocktails and other beverages, and reviewing the current prices are all ways that a new owner can explore growing the business’s revenue.