Catylist ID:
#30794013
Fine Dining Restaurant Business
Undisclosed Address, Albuquerque, NM
Business Opportunity
for Sale
| Catylist Listing ID: | 30794013 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | See Agent |
| Sale Price: | $550,000 |
| In Opportunity Zone? | Yes |
| Gross Revenue: | $746,000 (Annual) |
| Cash Flow: | $234,000 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Sale Terms: | Cash to Seller |
| Last Updated: | 5/6/2022 |
Overview / Comments
|
This popular Mediterranean restaurant, centrally located, has been a fixture on the Albuquerque dining scene for several decades. It has indoor seating for more than 100 divided into multiple dining areas, and a patio area capable of seating 30+. The interior is elegantly decorated making this restaurant comfortable and inviting for patrons looking to enjoy a special dining experience. The kitchen is outfitted for efficiency. The restaurant has long-term trained staff, most of whom are likely to stay through a transition in ownership. This is a virtually turnkey operation and the owner is willing to train. This is an asset sale. The property is leased. The owner wishes to pursue other interests More business and operations data is available under a Confidentiality Agreement. Contact broker for more information. |
Attachments & Media
Additional Details
| Industry Segment: | Restaurants |
| Reason for Selling: | Owner wishes to pursue other interests |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $0 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | See broker |
| Mgmt/Training Support Description: | Seller willing to train |
| Competition/Market Description: | Competition: While Albuquerque has many establishments with a Mediterranean flair, the Sellers believe that their unique blend of food, service and ambiance has contributed to the restaurant’s popularity, profitability and longevity. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 15,351 | 114,462 | 299,821 |
| Median Age: | 34.94 | 35.09 | 34.92 |
| Households: | 7,204 | 47,655 | 121,953 |
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