DATA SHEET
DESCRIPTION OF BUSINESS:
Mexican Food Restaurant
EXECUTIVE SUMMARY:
Larez Mexican Restaurant is exceptionally clean with a very comfortable
and friendly atmosphere.
There is a health menu for heart patients, diabetics and weight watchers.
The business is open 5 days a week, so one of the many advantages that this business has to offer would be for a new owner to open up the restaurant on Saturdays and Sundays to double the income. There is a room that is used for banquets and meetings.
There is a large dining room that could seat up to 80 people and the kitchen is very adequate and easy to get around in.
The business is located on a corner of the main street that goes into Carlsbad. The parking lot is large and accommodates a large number of vehicles.
Please contact Jo Scheel of ERA Montgomery Real Estate (505) 885-4131 to schedule a meeting to discuss the details, benefits and purchase of Larez Mexican Restaurant.
Time restriction requires serious consideration of all offers.
The business has not been fully developed because the business is not open on the weekends and it needs to be owner operated.
The business can be run profitably as a family operation or by sole owner.
The business was established and has been successfully operated by the same owner since 1969. The name and reputation has always produced consistent sales and profits.
The well-established customer base insures the stability of the business and its integrity generates high local support.
Located inside the city limits on Highway 62/180, the location benefits the business by providing high vehicle traffic, expansion possibilities, high customer base, easy access, high visibility, and good signage.
It is easy to learn the technical aspects of this business; however, a learning transition period of 1 month is recommended. This business requires few employees, making it easy to operate. No major inventory that requires capital expenditures or control is necessary.
Loyal, competent, key personnel will stay with the business and work for the new owner. General sales experience or sales ability is desirable.
This business has a substantial market share of its trade area. There are 7 competitors in the market area.
Business can be expanded because of lots of parking. It may also be increased without any additional capital expenditures.
GENERAL INFORMATION:
MARKET AREA INFORMATION:
PROPERTY:
Located inside city limits on Highway 62/180, with 100% paved off-street parking, outside lighting and city utilities.
CITY:
Carlsbad is in Eddy County, and in the Southeast New Mexico region. It lies near the banks of the Pecos River south of Roswell, between Whites City and Hobbs. Carlsbad also is along the U.S. Highway 62 near Avalon Reservoir and Salt Lake, just north of the Texas state line. Founded around 1888, the settlement was named Eddy after local livestock entrepreneurs Charles B. and John Eddy. In 1899, it was renamed after a Bohemian (now Czech
Republic) spa, due to mineral springs. Today potash mining and refining, agriculture and tourism sustain Carlsbad. The Pecos provides sustenance to residents and visitors as it winds through Carlsbad. The area offers desert recreation at such locations as Pecos River Beach & Picnic Area and Living Desert State Park. The famous Carlsbad Caverns is nearby. Another point of interest is the Southwest New Mexico National Environment Technology & Training Center. The community enjoys sunshine 350 days a year.
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