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.

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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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