Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Fast Casual - Wholesome Foods - Franchise Restaurant in Santa Fe
(Restaurants)
Bernalillo, New Mexico
Listed Price: $ 139,000
Listing ID: 000845

Listing DetailsDown Payment: $ 139,000
Gross Revenue: $ 830,238
Cash Flow: $ 118,044
FFE: $ 75,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Retirement.


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

This is a turnkey, well established, Santa Fe restaurant recognized for its impressive 45 foot buffet offering a large variety of gluten free, vegetarian and vegan options while serving lunch and dinner. This business is located on the epicenter of the busiest retail and commercial artery in town. Inception of the business was originally half a decade ago by the current owner of the business in 2013. Most of the customers are tourists that are traveling to the nearby tourist attractions and middle-class families that live the surrounding densely populated neighborhoods. Net sales average is $890,000/year that has been consistently increasing throughout each year since inception without any local marketing done except corporate marketing. The numerous nationwide retailers and grocery chains anchor this business with huge amounts of foot traffic as well as the extremely busy intersection that is packed consistently with motor vehicles. There are many ways to proactively market this business such as direct mailing, family bundles, add more menu items, social media outlets and catering services. Owner involvement will provide an instant increase in sales as a full-time owner-operator will cut payroll expenses on having additional managers in place and effectively increasing the cash flow. Competition can also be expected for this type of business, but there is no true competitor that is within the immediate market area of this business that has a similar concept. Various menu items are provided at this franchise buffet that can range from salads, bread, fruits, pizza, baked potatoes, pasta, soups and desserts. This franchise buffet is in perfect condition for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.


Competition:

There are no competitors within the immediate market area of this business.


Potential Growth:

Corporate marketing is in place that brings constant customer traffic to the business, but other marketing methods can be utilized to generate much more cash flow and acquire more customers in untapped regions.


Financing/Terms:

100% down at the time of closing


LocationSquare Footage: 4245
Facilities:

This business is located in a 4,245 SF retail strip center that is surrounded by numerous businesses as this franchise is placed in the epicenter of a tourist area. All equipment is in impeccable condition and in working order.


OperationYear Established: 1984
Employees: 2FT/14PT
Absentee Owner: No