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Luna County, NM Businesses For Sale

1 Luna County, NM Businesses For Sale Found.

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Absentee Operated! Family Steakhouse with Real Estate! Beer & Wine
$650,000 Cash Flow: $103,078
Absentee Operated! Family Steakhouse with Real Estate! Beer & Wine

Deming, NM

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 20% down your monthly mortgage will be about $3,420 Principal and Interest. That's a 6% 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 employees who manage the store. 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.