Catylist ID:
#30855359
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 |
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 |
Contact
Jay DelMonteRE/MAX Innovative PropertiesNECPE Member |
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