High Profit Restaurants
Not Disclosed, NA Not Disclosed
Seller's Contact Information
- RE: High Profit Restaurants
- Contact: John Lastra
- License #: 9213
Quick Facts
| Asking Price: | $3,500,000 | |
| Annual Revenue: | $6,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $2,000,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1997 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 34492818 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
The successful blended cuisine began with the opening of the first restaurant in 1997 and now with two well located highly profitable restaurants the business anticipates 2021 sales of $6,000,000 /- and cash flow in excess of $2,000,000 /-. Similarly, the restaurants achieved financial success during 2020 and prior years.
The excellent reputation, quality product, specialized menu, and growing repeat customer base assures continued success for the business.
The restaurants to include two New Mexico liquor licenses (value $350,000 each) all furniture, fixtures, and equipment, $65,000 of product inventory, tradename, covenant not to compete and training are offered for sale for $3,500,000. It is anticipated the Seller would finance 10% of the sales price and SBA guaranteed bank financing would be available for the business purchase with a buyer down payment of approximately $500,000.
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Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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