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Details - Information last confirmed on September 10, 2020
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 one of the towns in New Mexico. 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.
Furniture, Fixtures & Equipment: $75,000 (Included in listed price)
Inventory: $5,000 (Included in listed price)
Financing: 100% down at the time of closing
Year Established: 1984
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.
Support/Training: The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason Selling: Retirement.
Competition: There are no competitors within the immediate market area of this business.
Growth And Expansion: 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.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.