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Modern Diner In New York County For Sale

New York County, New York, US
Asking Price:
$300,000
Sales Revenue:
$2,100,000
Cash Flow:
$300,000

Drastic Price Reduction on this Modern Manhattan Diner. While you could re-purpose it to your own food concept, it netted the present owner $300K, annually, prior to this pandemic. Of the $2.1M in gross sales, in-store accounts for 80% and delivery orders, 20%. You should be able to grow the latter significantly. The diner comes with a full liquor license that could probably be put to better use. At street level, you will find 1,600 spacious square feet that accommodates several dining areas, a traditional counter with stools, and a full kitchen in the back. There is another kitchen, prep area, two walk-ins, and a dry storage area in the clean and large basement. The diner is open from 6am-1am seven days/week. The staff includes 14 full-time and 2 part-time employees. Payroll averages $15K/week. There are 10 years left on the lease, which escalates at 3%, annually. Since the building is owned by a non-profit organization, there isn't any real estate tax to pay.The seller, who has owned and run the diner for the last 14 years, is now ready to retire and pass the mantle onto you. Please do not say anything to the employees or customers when visiting this location, as they do not know it's for sale. Kindly then contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some basic questions and get a full tour of the facilities. Mr. Goldman can be reached .

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32772 for instant access to this business information.

Business Operation

Reasons for selling:

Retirement

Employees:
14FT/2PT
Years established:
2006

Other Information

Support & training:

Seller will train

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

300,000.00 Down & Please make your best offer!

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$10,000

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