Las Cruces Restaurants For Sale
Absentee Operated! Family Steakhouse with Real Estate! Beer & Wine
To Visit This Restaurant Please Select the Golden Button to the Left "Get Name/Address."
This family style steakhouse is located right off I-10, just 90 minutes from El Paso Texas, but is located in New Mexico. Thousands of cars drive by each day and view the tall 50' sign glaring over the highway, helping drive traffic right into your restaurant. This is a biker's favor stop before going to La Cruces to the east and Tucson to the west.
The owner is getting up his age, has sold all his stores except this one, and wants a complete retirement away from the every day issues of running a restaurant.
FINANCING: You can probably change the concept or just grow what's there. Either way, this is a great bargain for a knowledgeable operator. With 30% down your monthly mortgage will be about $2,579 Principal and Interest. That's a 4% rent factor! And you get the business too boot! This real estate qualifies for an SBA loan.
What makes this deal so sweet is that the real estate is included in the sale and it is absentee operated, and when a working owner comes in, business usually increases 20% plus as a result of better food, service and a cleaner restaurant.
THE NUMBERS in 2015 increased over 2014 from $669,000 to $710,000, showing a turn-a-round in the business. The working owner cash flow before any debt servicing was about $103,000 in 2015. This assumes the owner replaces 2 hourly part-time employees who manage the store with him or herself.
THE BUILDING is about 5,644 SF with parking for 50 cars. The land has 0.92 acres. There is RV and 18 Wheeler Parking on a Separate Lot in the back of restaurant that's included in the sale.
Please visit our website at SellingRestaurants.com to get photos, video, demographics as well as the name and location of this property.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000
Lease
Financials
Operations
Facilities
Highlights
- I-10 Steakhouse Serving Beer & Wine
- Real Estate included
- High Visibility Location
- Major Highway Traffic Area
Financing
Demographics
| Population | 5-mi |
|---|---|
| 2014 Total Population | 22,357 |
| Households | 5-mi |
| 2010 Number Of Households | 8,932 |
| 2010 Persons Per Household | 2.54 |
| Median House Value | $94,200 |
| Income Per Household | $30,297 |
| Businesses | 5-mi |
| 2009 Number Of Businesses | 358 |
| 2012 Number Of Employees | 7,930 |
| 2012 Total Annual Payroll | $96,007,000 |
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.