Historic Hotel and Restaurant

Mayhill, NM (Otero County)

Historic Hotel and Restaurant
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Asking Price: $525,000

Cash Flow: N/A

Gross Revenue: $375,000

EBITDA: N/A

FF&E: $250,000

Inventory: N/A

Real Estate: $500,000

Established: 2008

Historic Hotel and Restaurant

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Business Description

Hotel and Cafe and Beautiful Southern New Mexico

Established cafe and hotel in Southern New Mexico mountains. Cafe/restaurant is a local gathering place for local residents and draws in many travelers and vacationers alike. Hotel has 4 nicely furnished rooms (one is full apartment if one wants to owner/operate) as well as two furnished buildings that can be rented as well.

Detailed Information

Location:
Mayhill, NM
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Hotel and Cafe. All restaurant equipment as well as lodging furniture and fixtures would be included in sale. Real estate includes hotel/restaurant (which is downstairs) and two residential buildings located beside hotel and cafe.
Competition:
Only restaurant and hotel in the immediate area. Closest competition is 20 miles away.
Growth & Expansion:
Lots of opportunities for increased revenues through marketing which would increase percentage of occupancy as well as through traffic for restaurant. Adding beer and wine license would increase revenues as well (license is of course not part of sale as the cafe does not have one).
Financing:
Cash or bank financing.
Support & Training:
Management in place that would be there for transition.
Reason for Selling:
Slowing down and wanting to travel more.
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Business Listed By:
John Battle

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