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: | $399,000 |
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: | 4/25/2024 |
Overview / Comments
Highly Authentic Mexican Restaurant with unique concept, sleek fit-up and very little competition in this affluent area of Hillsborough Co. NH; All factors in achieving approx $1.15 MM gross revenue in '21 and $1.23 MM in '22. Located on a busy numbered highway, managing to survive and thrive during difficult Covid years, and seeing a quick return to pre-covid revenue. Tastefully fit Dine-in and Bar area with seating for 69 and additional outdoor patio seating for 24 during warm-weather seasons. Full Service Liquor License & Fully Equipped kitchen. Easily accessible with ample parking. Open 6 days/wk, Lunch & Dinner. Excellent opportunity to continue a proven successful business in a high-income area with little competition and strong earnings. Offering FF&E + Goodwill - Sellers now considering offers starting @ $399k; Seller is Motivated. |
Additional Details
Industry Segment: | Restaurants |
Reason for Selling: | Owners since 2018 and are looking to move on to new challenges. |
Value of Inventory Included ($): | $0 |
Value of Furniture, Fixtures, and Equipment ($): | $0 |
Real Estate Status: | Leased |
Value of Real Estate Included ($): | $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 |
© Copyright 2024 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. |