Business Overview:
The restaurant has an established reputation for fine dining in the most beautiful setting in the Taos, New Mexico area. The restaurant was established in 1976 and offers an excellent dinner menu ranging from appetizers such as carpaccio of elk and green Chile crab cakes to entrees such as filet mignon, lobster, rack of lamb, sunset cioppino, buffalo lasagna and more (see the attached menu). The restaurant has indoor seating for approximately 135 and a beautiful outdoor patio area with seating for 130. Exceptional meals, exceptional views and exceptional service are all trade marks of the restaurant. The business to include all furniture, fixtures, equipment (per attached list) $35,000 of product inventory, trade name, covenant not to compete, and training is offered for sale for $250,000. It is anticipated that bank financing would be available with a down payment of approximately $100,000. Additionally, the liquor license is offered for sale for $375,000 and it is anticipated that bank financing would be available to assist with the purchase of the license. The real estate is also available for purchase.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The premise is leased for $7,000 per month on a net, net, net lease and the present lease expires November 30, 2012.
Market Competition and Expansion:
The businesses market share is increasing due to the restaurants reputation for high quality dining, competitive prices and timely performance.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.