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Diner with Great Cash Flow
Nassau County |
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Diner has been in the same location for over 20 years. The diner was completely renovated from top to bottom just 4 years ago. The diner is open 7 days a week. It is open 6AM ? 11PM Sunday through Thursday and 6AM ? 12AM on Friday and Saturday. The owner owns the diner and leases the land. The place looks great and does over $28,000 per week in sales. The cash flow listed below includes paying off the remaining note on the diner. After the note is paid off, the cash flow jumps up by another $96,000 per year. This is a great opportunity to buy a cash cow and own the building too. It won?t last long !!
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Listing Number: 249
Morris Cohen - Listing Broker
122 Ogden Avenue, Dobbs Ferry, NY 10522
Telephone - (914) 674-9580
E-mail -
mcohen@capitalbbw.com
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| Category |
RETAILING BUSINESSES |
| Sub-Category |
Restaurants |
| Asking Price |
$625,000 |
| Gross Sales |
$1,456,000 |
| Cash Flow |
$275,000 |
| FFE |
$100,000 |
| Inventory |
$5,000 (Inventory IS Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
0 - Full-Time
0 - Part-Time |
| Facilities |
The diner is approximately 3,000 square feet. The diner seats 110 and has parking for 35 cars. It comes with a full kitchen whish is approximately 500 ? 600 square feet, plus a basement which is used for prep, utilities, storage and baking. There is a 25 year lease. The rent on the property is only $3,000 per month and there is a small increase in the rent starting in 2010. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
They have a steady clientelle. |
| Growth Notes |
An owner operator can increase business. |
| Support Training |
Owner will supply adequate training. |
| Year Established |
1984 |
| Financing Terms |
Owner might hold some paper. Broker will obtain some SBA financing. |
| Reason for Selling |
Retirement |
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