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#5019
Albuquerque Restaurants For Sale

Cash Cow - Absentee Sports Bar & Family Restaurant W/Real Estate

$3,800,000
Available
Cash Cow - Absentee Sports Bar & Family Restaurant W/Real Estate



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Go Visit This Sports Bar by Selecting the "Want Name/Address" link to the Left!

IMPROVE YOUR STANDARD OF LIVING!

This Sports Bar is located on the border of Texas in the Northeast side of New Mexico with a town boasting of great moderate high desert weather where the winters are mild and the summer not too hot. In addition, this sports bar is located in one of America's fastest growing small cities where housing prices are still in the low $100,000's to beautiful homes in the $350,000's. 

NEW DEVELOPMENT IN THE AREA

There's lots going on in this town and right across the street too!  First, there's a massive sports complex that recently opened across the street from this sports bar and has helped grow the revenues of this restaurant and created a more balanced flow of clientele.  This sports center is the regions premiere sporting event location for high schools as well as college athletics.  Second, housing development is off and running with several hundred homes being built per year and what's so attractive is housing is very affordable in this town. 

DEMOGRAPHICS

This town is the largest city in the county with a population of nearly 50,000 hungry souls. But it doesn't stop with locals.  The oil workers and executive flock to this area because of the massive oil reserves found in this area. The hole punchers are pouring billions into getting the oil out of the ground and that means lots of people coming to this town with hungry bellies.  Average household income is around $71,000 per year with 66% of the population over 25 years old and ready to eat and drink!  Roughly 50% of the population is Latino.  There is little entertainment in this town, so adding entertainment to this venue will attract more business.

OPERATIONS

The sports bar was launched in 2001 with the owner constantly re-investing in the facility with a recent $200,000 upgrade. This sports bar is absentee operated with the owner living in another state. There's a general manager in place who heads the front of house.  The back of the house has had a long-time employee running the kitchen.  The owner shows up perhaps a week every 5 or 6 weeks.  There are about 20 total employees with 11 part-time and 9 full time.  The sports bar seats 247 hungry people. An owner operator could add some solid value to this business with the personal owner touch.  

REAL ESTATE

This is 1.47 acres of a prime piece of real estate on a main thoroughfare with 18+ hotels within blocks, the county event center, a major casino within blocks, as well as the brand new regional sports complex across the street from the sports bar.  The building has about 8,900 Sq. Ft. and there are about 77 parking spaces. 

There is a piece of land available next to the restaurant to build a hotel.  The price for this is an additional $800,000.

INDUSTRY

There are two industries driving this town's economy, oil and nuclear. The other industry where there is growth is the nuclear waste business as well as the uranium enrichment centrifuge.  

REASON FOR SELLING

The owner has been undergoing some very serious health issues requiring him to be calm, and his blood pressure low. Running a restaurant business makes that a challenge even when it is run absentee. 

NEW MEXICO LIQUOR LICENSE

Liquor licenses in New Mexico are rare and command some of the highest prices in the nation click here to read details, some even sold for a million bucks! These rare liquor license have sold for as much as $500,000 in today's market. The good news is In New Mexico liquor licenses are personal property, meaning they are mortgageable. In other words,  one can get a loan against them. Banks lend up to 50% of the licenses value, meaning this could be a source of funds for the purchase.  The liquor license is included in the price. Or it could be leased to you.  Call me to get details. 

FINANCIALS & SBA LOAN

We have great tax returns for backup of the cash flow. The revenues have been growing the past few years and more growth is expected via the boom in newly found oil reserves in the area. 2019 Revenue were nearly $1.9 million and working owner cash flow nearly $665,000 with EBITDA of about $599,000.  These amounts reflect the rent being added back to illustrate the cash available to finance this purchase. SBA Loan is available with 10% down in the real estate and 20% down on the business. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Albuquerque Restaurants For Sale
Lease Term:
Real Estate Included

Financials

Last Year's Annual Gross:
$1,851,901
Last Year's Owner's Cash Flow:
$664,818
Last Year's Food Cost %:
28.6
Last Year's Payroll Cost %:
25.9
Last Year's Rent %:
8.9
EBITDA:
$599,818

Operations

Liquor License:
Full Liquor On Premise Sunday Sales
# of Full-Time Employees:
10
# of Part-Time Employees:
12
Hours Open:
Sunday-Thursday 11AM–10PM
Friday-Saturday 11AM–11PM
Year Established:
2008
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
280
# of Parking Spots:
77
Lot Sq. Ft.:
64000
Total Building Sq. Ft.:

Highlights

  • Prime Location Sports Bar
  • Rare Hard Liquor License Value $600,000+
  • Large Bar Area
  • Dining for 247 Hungry People
  • Lots of Opportunity to Grow
  • Oil Business Turning Up Finally!
  • Absentee Operated
  • Private Bar Area
  • Well Maintained
  • 100% Absentee
  • Good Financials
  • Hotel Real Estate Available Next Door

Financing

Down Payment:
$622,500
Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$31,698
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 39,921
Households 5-mi
2010 Number Of Households 12,631
2010 Persons Per Household 2.81
Median House Value $96,100
Income Per Household $47,343
Businesses 5-mi
2009 Number Of Businesses 1,078
2012 Number Of Employees 32,838
2012 Total Annual Payroll $737,611,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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