UNDER CONTRACT - Angel Fire Top-Rated Restaurant for Sale

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The Good Life Awaits You in Angel Fire!
Asking Price:
$275,000

Gross Revenue:
$524,398
Cash Flow:
$136,000
EBITDA:
$121,716
Inventory:
$10,000
included in asking price

FF&E:
$92,405
included in asking price

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Business Description

Enjoy the good life! At an elevation of 8,600 feet in the Southern Rocky Mountains, Angel Fire is an alpine resort town where spirits soar and outdoor adventures abound. For nearly ten years, this restaurant has been one of Angel Fire’s top destinations for good food, friendly service, and a relaxing ambiance. Locals and tourists consistently rank it as one of the area’s top dining spots. With total seating for 60-plus guests, this establishment is open for lunch and dinner and operates with a Beer and Wine license. The to-go orders are brisk. Gluten-free options are a big hit with tourists and locals alike.

Whether you’re a first-time restaurant owner or a skilled operator, everything is in place for your ongoing success. An experienced management team help keep the business humming. The menu is crafted to maximize sales, and employee manuals and documented procedures result in product and service consistency. New owners will mainly need to take over the bookkeeping and advertising.

Its seasonal, part-time nature makes for a unique lifestyle business. An avid outdoor adventurer? Angel Fire Ski Resort features three terrain parks, a tubing park, and 81 ski trails spread out over 560 acres. It is New Mexico’s only resort to offer lighted night-time skiing and snowboarding. Angel Fire also features the largest bike park in the Rockies, voted the Southwest’s #1 bike park for the past four years. It boasts 2,000 vertical feet, 60-plus miles of purpose-built single tracks for the novice to the advance mountain biker, plus there’s newly built mountain bike trails that crisscross through the Moreno Valley. Golf, tennis, snowmobiling, hiking, fishing, paddleboarding on Monte Verde Lake, free Friday night concerts in the park, and other high-profile events have elevated Angel Fire’s status as one of the Southwest’s premier playgrounds and family destinations.

About the Business

Year Established:
2009
Number of Employees:
20
Real Estate:
Leased
Building Sq. Ft.:
1,950
Lease Rate/Sq. Ft./Mo.:
$1.15
Facilities:
This business enjoys a high-profile, central location. It’s in close proximity to most of Angel Fire’s major amenities. Parking is ample, making it convenient for the to-go service
Market Outlook/
Competition:
Few Angel Fire restaurants have been around as long as this establishment. It is a local institution known throughout the community for its friendly staff, consistently good food, and family-friendly environment.
Growth & Expansion:
New owners can grow revenue through expanding into carry-out catering.
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About the Sale

Reason For Selling:
Seller will concentrate on other, non-competing interests.
Training/Support:
The Seller is committed to seeing the business continue to grow and thrive under new ownership. They will negotiate a generous training and transition phase. They are planning to stay in the area and will be available for consultations after the close of the transition phase.

Listing Info

ID:
1539535
Ad Detail Views:
601

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Business Listed by

Michael Greene

Sam Goldenberg & Associates

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

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Source: American Community Survey (2010-2014), United States Census Bureau.

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