Trendy Hobbs Restaurant/Bar - Real Property and Liquor License

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Fun and Festive Top-Rated Restaurant in Hobbs, NM
Asking Price:
$940,000

Gross Revenue:
$1,867,338
Cash Flow:
$257,743
EBITDA:
$258,000
Inventory:
$12,000
included in asking price

FF&E:
$825,550
included in asking price

Real Estate:
$1,610,000
not included in asking price

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Business Description

Take over an established, successful 220-seat restaurant in the fast-growing city of Hobbs in southern New Mexico. This is an absentee-owner opportunity. If you intend to be actively involved in the business, expect to take home an additional $45,000 or more per year.

Operating with a full bar, this popular lunch and dinner venue attracts families, business people, locals and visitors. The festive and fun ambiance, high-quality food, and attentive wait staff make this restaurant a destination for a memorable dining experience and celebrations of all kinds.

Located on the edge of the Permian Basin, Hobbs is the unofficial capital of New Mexico’s energy economy. The market is just starting to heat up. Record-setting oil production, population growth, and economic diversification and quality of life investments are powering the area’s expansion. 2017 sales increased 16% and cash flow has increased over 70%.

About the Business

Year Established:
2011
Number of Employees:
6 FT, 30 PT
Real Estate:
Owned
Facilities:
Centrally located standalone venue seating up to 220 guests year round with additional seasonal seating. Strong visibility, prime commercial location, and easy convenience to the area’s hotels. The parking is ample and lighted, and the interior is richly appointed.
Market Outlook/
Competition:
This established, seven-year brand enjoys a distinct position in the local market. Yelp, Zomato and other online review sites rate it as one of Hobbs' top restaurants.
Growth & Expansion:
Hobbs is the capital of New Mexico's energy economy. Public and private sector investments in quality of life investments and economic diversification are paying off and this restaurant is benefiting.
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About the Sale

Reason For Selling:
Dissolution of partnership.
Training/Support:
Sellers are committed to providing a smooth transition.

Listing Info

ID:
1504448
Ad Detail Views:
420

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Business Listed by

Michael Greene

Sam Goldenberg & Associates

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U.S. Census Data for Lea County, NM
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Lea County, NM
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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