Iconic Northern New Mexico Motel and Fly Shop

Undisclosed Address, New Mexico
Business Opportunity for Sale
Catylist Listing ID: 30725793
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: See Agent
Name of Establishment: Abe's Motel and Fly Shop, Inc.
Business Website Address: https://www.sanjuanriver.com
Year Business Established: 1958
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Living Accomodations: Yes
Sale Terms: cash
Last Updated: 6/18/2021

Overview / Comments

Absolute Investment Realty is proud to present Abe’s Motel & Fly Shop. This iconic business is known throughout the world as a destination location for fly fishermen, hikers and tourists along the San Juan River in Northwestern New Mexico. Minutes from the San Juan River and only a few miles from Navajo Dam, Abe’s was developed by Abe and Patsy Chavez and has been well-maintained and expanded by two generations of the Chavez family. For most visitors to the area, Abe’s is a must-visit for supplies and fishing advice.

Pre-Covid, the business generated multi-million-dollar revenues per year with a Free Cash Flow of greater than 22%. Essentially the only game in town for gas, with a well-stocked fly shop and a convenience store licensed to sell packaged liquor. Abe’s is a standard stop for locals and visitors alike. The site also boasts a 56-room motel, restaurant with bar, 16-unit full-service RV park, and a 3-bedroom on-site manager’s residence.

It’s 8.11 acres offer plenty of room for travelers to park their boats and other recreational vehicles, with room to spare for future development.

This is an asset sale with associated real property. The owners wish to retire.

Detailed financials discussed only with signed NDA and Business Buyers Profile.

Additional Details

Industry Segment: Other Food and Beverage
Reason for Selling: Owners retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Employee/Labor Description: This seasonal business employs 4-5 managers/assistant managers and up to 22 full time and part time employees during the high season. During the winter the staffing is 2-3 managers plus up to 10 employees.
Mgmt/Training Support Description: On-site manager may stay. Owner willing to train.
Competition/Market Description: Abe's is in a class by itself, located at an intersection that is a gateway to Navajo Lake. Its convenience store and gas station are standard stopping points in the area. While there are other lodges, restaurants and camping facilities in the area, Abe's is the only complex with such a wide variety of services.
Growth/Expansion Opportunities: Situated on the San Juan River and positioned at the gateway to Navajo Lake State Park, Abe’s has been a go-to location for more than 60 years. Constructed by the Chavez family patriarch, Abe Chavez, the site has grown over time into a complex of intertwining activities including the gas station, convenience store and well-stocked fly shop at the heart of the facility, and the motel, RV park, restaurant and bar that surround it. The Navajo Lake area, which sits on the New Mexico/Colorado border, attracts hundreds of thousands of visitors per year. With plenty of acreage available and sitting at a well-traveled intersection. Abe’s enjoys a busy season extending from mid-to-late spring to early fall with highest demand on weekends, holidays and around seasonal events such as peak fly-fishing conditions in the fall. Most parts of the facility are open from dawn to dusk year round – averaging up to 14 hours per day during the summer and 10 hours per day during winter. The RV park and restaurant are currently closed roughly from November to April. Possibilities for growth include adding additional RV hookups and keeping the restaurant and bar open more hours per day and/or more months out of the year.

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Contact

Photograph of Listing Agent

Consuelo (Conni) DeYoung

Absolute Investment Realty CARNM CIE Member
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