MergerPlace

Wholesome Foods - Franchise Restaurant i

Santa Fe, New Mexico (Bernalillo)


  • Asking Price: $139,000
  • Gross Income: $830,238
  • Cash Flow: $118,044
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $75,000
  • Listing ID: #216206
  • Established: 1984
  • Employees: 2FT/14PT

Business Description

Office ID: #000845

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.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Mexico
Metropolitan Area: Santa Fe
County: Bernalillo

Company Information

Year Established: 1984
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 2FT/14PT

Financial Information

Asking Price: $139,000
Gross Revenue: $830,238
Cash Flow: $118,044
FF&E: $75,000
Inventory: $5,000
Seller Financing Available: No

Property Information

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.

Growth & expansion opportunities:

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.

Competition:

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

Reason for selling:

Retirement.

Support & Training:

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

Contact Business Seller

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Business Listed By:

V-AID Group

www.v-aidgroup.com