Seller's Contact Information
- RE: Iconic Restaurant El Paso TX
- Contact: Tom Given
Quick Facts
| Asking Price: | $1,000,000 | |
| Annual Revenue: | $1,436,262 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $300,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1960 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 55186076 | |
| Broker Reference #: | GBS396 |
Business Overview:
This restaurant opened in the 1960’s, has been under current ownership since 2000 and during its approximately 60 years of operation has become an El Paso icon. It is a true diner, meaning they serve everything on their menu all day long, including breakfast. Over the years the diner has built a huge customer base and is normally busy all day long.
This is a fantastic opportunity to purchase one of the most well-known brands in El Paso. The restaurant was impacted by the Covid shutdowns in 2020 but is rapidly building back its revenues to normal levels. Sales revenues in 2018 were $1,505,917 and were $1,436,262 in 2019.
The information contained in this marketing is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.
The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.
Listing Broker - Given CPA, PC. For more information, please contact Tom Given, Principal.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Building rent $9,500. The restaurant owners own the building and will enter into a long-term lease with the buyers. Alternatively, the building can be acquired from the owners by the restaurant buyer (real estate is for sale by owner).
Market Competition and Expansion:
Although numerous restaurants exist in the areas served by this restaurant, this restaurant is extremely well known and has been in business for approximately 60 years. Typical annual cash flow (before owner compensation) has generally been $300,000 or higher.
Reason for Selling:
Owner wishes to retire.
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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