Business Overview:
Located in Albuquerque, New Mexico, this unique Mediterranean restaurant has an established reputation for excellent food served in a beautiful setting. The 140 seat restaurant provides repeat and new customers a wonderful dining experience. Additionally, the restaurant has an enclosed outdoor patio with seating for 30. The restaurant is open for lunch and dinner six days per week. Excellent growth opportunities exist.
The business to include all furniture, fixtures, and equipment, $11,000.00 of inventory, recipes, tradename, covenant not to compete, and training is offered for sale for $425,000.00. It is anticipated that the seller will finance 10% of the sales price and that SBA guaranteed bank financing would be available with a buyer down payment of approximately $50,000.00.
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Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This may become a franchise resale opportunity.
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