Catylist ID:
#30850944
Monarquia, Authentic Mexican Restaurant; Amherst, Nh
Undisclosed Address, New Hampshire
Business Opportunity
for Sale
| Catylist Listing ID: | 30850944 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | 2,200 SF |
| Sale Price: | $300,000 |
| Name of Establishment: | Monarquia Authentic Mexican Restaurant |
| Business Website Address: | https://monarquiarestaurant.com/ |
| Year Business Established: | 2018 |
| Gross Revenue: | $1,230,000 (Annual) |
| Cash Flow: | $195,000 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Relocatable Business: | Yes |
| Sale Terms: | Cash to Seller @ Close |
| Last Updated: | 5/16/2024 |
Overview / Comments
|
Price Reduced to $300k !! $1.15 MM gross revenue in '21 and $1.23 MM in '22. Highly Authentic Mexican Restaurant on main road 101 in Amherst NH with unique concept, sleek fit-up and very little competition in this affluent area of Hillsborough Co. NH; All factors in achieving Strong revenue in '21 & '22; Thriving during difficult Covid years. ! Tastefully fit-up Dine-in and Bar area with seating for 69 and additional outdoor patio seating for 24 during warm-weather seasons. Full Service Liquor License & full equipped kitchen. Easily Accessible with ample parking. Excellent opportunity to continue a proven successful business in a high-income town with little competition and strong earnings. Currently open Tue-Thurs 11am - 9pm, Fri-Sat 11am - 10pm, Sun 12pm - 9pm - Offering Assets & Business Goodwill @ $300,000; Seller's is Motivated, Recent life changes initiated intention to sell the Business in 2024. |
Additional Details
| Industry Segment: | Restaurants |
| Reason for Selling: | Owners since 2018 and are looking to move on to new challenges. |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $0 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | Competitive $9.30/psf Base rent Cam additional $5/psf Current Lease Active until 2024, with 3-5 yr Option to Extend. |
| Employee/Labor Description: | 18 Employees; 9 part time, 9 full time |
| Mgmt/Training Support Description: | Owner willing to assist in up to two week transition period upon closing as needed. |
| Competition/Market Description: | Very little area competition; no immediate highly authentic Mexican competition. |
| Growth/Expansion Opportunities: | Increase advertising, hours, pricing, events, catering, adhere to current growth curve |
| Seller Financing Description: | Some seller finance considered for well qualified offers |
Contact
Jay DelMonteRE/MAX Innovative PropertiesNECPE Member |
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