Established Venezuelan and Mediterranean restaurant located in Albuquerque, NM, offering a unique culinary experience in an underserved market. This family-operated establishment has built a loyal customer base since opening in 2023, generating $295,000 in annual revenue with $45,000 in seller's discretionary earnings.
Business Overview:
This mom-and-pop restaurant specializes in homemade Venezuelan Latin cuisine and Mediterranean dishes, positioning itself in a niche market with minimal direct competition in Albuquerque. The business operates from a 1,461 square foot leased space in an excellent location, with monthly rent of $2,507 and lease terms extending through December 31, 2026.
Financial Performance:
- Annual Revenue: $295,000
- Cash Flow (SDE): $45,000
- Furniture, Fixtures & Equipment Value: $20,000
- Asking Price: $60,000
Competitive Advantages:
- Unique positioning with Venezuelan Latin food having very little competition in the city
- Mediterranean offerings complement the location with limited nearby competitors
- Established customer base and revenue history
- Prime location with strong foot traffic potential
Growth Opportunities:
The current owners suggest focusing expansion efforts on Mediterranean cuisine, which presents significant growth potential given the limited competition in this segment within the market area.
Support & Training:
The sellers will provide one month of comprehensive support and training to ensure smooth transition and operational continuity.
Reason for Sale:
Owners are relocating to expand their successful food court concept at their second location, creating this opportunity for qualified buyers to acquire an established restaurant with proven revenue streams.
This turnkey operation offers an excellent entry point into Albuquerque's restaurant market with established systems, loyal customers, and significant growth potential in an underserved culinary niche.
Ad#:2391142
