Distinguished and Successful Albuquerque Restaurant for Sale
- Listing Id: 8077
- Broker Name: Michael Greene
- Category: Restaurants
- Asking Price: $169,000.00
- EBITDA: $96,000.00
- Real Estate: $4,200,000.00
- Cash Flow: $126,494.00
- Inventory: $9,500.00
- No. Of Full-Time Employees: 10
- No. Of Part-Time Employees: N/A
- Gross Income: $781,608.00
- FF&E: $143,006.00
- Year Built: 2006
- Address: Click Here
- Zip Code: Click Here
- City: Albuquerque
- State: NM
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- No. Of Stories: N/A
- No. Of Indoor Seating: N/A
- Inside Sq. Ft: N/A
- Available: Yes
Description
This restaurant is open for lunch and dinner, operates with a beer & wine license, and has a desirable location in Albuquerque’s fast-growing Northeast Heights. The restaurant has been featured on television, celebrated in the press, honored with awards, and spotlighted in the national media. Gross revenue grew 29.7% over 2014, and sales continue to climb. Skilled managers have kept the Cost of Goods at a steady percentage of sales. Owner’s income has more than doubled. “Honest Italian Comfort Food” is their formula for success. The farm-to-table menu and made-from-scratch recipes have found a loyal following among affluent professionals and business travelers. The dining room seats 87 and the patio offers additional seasonal seating for 40. New owners will inherit a desirable location and a trained and talented staff.
Financial Summary
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Features
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