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Established Diner In New Jersey For Sale

New Jersey
Asking Price:
$500,000
Sales Revenue:
$1,300,000
Cash Flow:
$234,000

There has just been a price reduction for this great spot! Township approved housing developments for 4,000 homes and condos adjacent to (and nearby_ this diner. Seller financing is available to a qualified buyer. This high-volume diner is available as a single entity, or as part of a package with two restaurants. The diner is largely operated absentee. Like many absentee-run businesses, the payroll is bloated, giving the owner comfort that his customers are being well-served. On a high-volume location such as this, an owner-operator can cut labor costs by $2,000 per week. The owner also cut out a profitable, $2,000 per week food delivery service, which can be restored. There is no effort to promote the diner through social media. Nevertheless, diner sales are up each year. Aside from all the above, the owner is now at the restaurant almost daily, due to pending developments. The township has approved the development of 25 homes and 35 apartments right behind the diner, and the development of 300 apartments nearby, as well. Further, the township has approved the seller's expansion of seating to accommodate the expected increases in business. Additionally, the real estate is available, separately through the seller, for $1.1 million. With the property, the total price would come to $1.6 million. Call today for more information.

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Property information

Real Estate:

Lease

Business Operation

Employees:
27

Other Information

Support & training:

Yes

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

250,000.00 Down & 10 years at 6%.

Furniture / Fixtures value:
$1,000,000
Inventory / Stock value:
$20,000

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