Successful Merrimack Co. Mexican Restaurant & Real Estate

Undisclosed Address, New Hampshire
Business Opportunity for Sale
Catylist Listing ID: 30855359
Property Subtypes: Food and Beverage
Building Size (RSF): 4,538 SF
Sale Price: $1,375,000
Year Business Established: 1984
Gross Revenue: $2,000,000 (Annual)
Cash Flow: $300,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash @ Closing
Last Updated: 9/11/2023

Overview / Comments

Iconic Full Service Mexican Restaurant with Real Estate Available after many Successful Decades of Multi Million Dollar Yearly Revenue.This Award Winning Restarant is Regionally Recognized for It's Authentic Mexican Fare and Signature Hand Crafted Margaritas & Cocktails. Live Entertainment also offered 5 Nights a Week

Currently Open Just 5 Days with Weekend Lunches this Local Gathering Spot is tracking $2,000,000 for 2023. Very Desirable Real Estate included in offering walking distance from Busy Downtown Main St.

Perfect opportunity for an ambitious new owner to capitalize on Decades of Goodwill and take this business to the next Level for the 2023 Holiday Season!

Real Estate, Business, FF&E & Goodwill Offered @ $1,375,000

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner Retiring after Decades of Success
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Multi Level Free Standing Building. Over 7,000 Sq. Ft. Gross with 2,200 Sq. Ft. spacious basement for storage And Owner's office
Employee/Labor Description: Experienced General Mgr. with 30 Full or Part Time Employees
Mgmt/Training Support Description: Owner will assist in New Ownership Transition as Needed
Competition/Market Description: Competiton Minimul Quality Significantly Better
Growth/Expansion Opportunities: Business Not taking advantage of Current Social Media Marketing Strategy Catering, Private Parties, All Opprtunities new ownerhip can capitalize on. Possible Franchising of Brand has been a discussion point over the years. Also Regional Retailing of Signature Items

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,950 25,218 46,270
Median Age: 42.09 40.47 40.58
Households: 664 10,148 18,771


Photograph of Listing Agent

Jay DelMonte

RE/MAX Innovative Properties
NECPE Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.