Luncheonette Diner
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $260000
Net Profit / Cash Flow $75000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 1 - 3
Inventory 85000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will supply a full training period and remain 30 days post closing.
Reason for Sale Retiring after many successful years in the food industry.
Description Diner Luncheonette in an active community in Northern NJ of Bergen County. This traditional and reputable diner located in a bustling business district in an urban area with lots of daily shoppers and workers. This diner has been established for 50 years and continues to have a very loyal clientele. The business operates Monday-Saturday from 5:30 am-3:30 pm serving breakfast and lunch. Before retiring, the owner will fully train the new owner as well as offer financing. A long term lease, with a monthly rent of $2,000 will be transferred. The business generates a consistent gross income for $260,000 and the owner can verify a solid net income of $75,000 yearly. The business has huge potential for growth with improve marketing and implementing a delivery service, catering or extended hours. This is an excellent opportunity. The facility which is clean with an attractive appearance consists of seventeen hundred square feet with a seating capacity for 53 customers. The restaurant is located in a commercial mall with numerous businesses. The business is located on an active county road of Northern New Jersey and in an attractive mall center with numerous other businesses in the area.
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