This long established diner has been in the same location for over 30 years. The location is a stand alone building at a great intersection with a nice dining room. It has a consistent history of profitability and now the Seller is looking to retire. Currently the restaurant is only open for breakfast and lunch, it has a good following of loyal customers and is known for its high quality food and service. There are several areas that can be looked at for potential growth: Online pick up and delivery, adding ABC license, adding dinner and increasing advertising.
- Asking Price:
- $190,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $434,747
- Cash Flow:
- $120,115
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
$3,660/month Total Rent
Month to month lease
- Leasehold Rent:
-
$43,920 per annum
- Location:
-
Located in a standalone building in front of a strip plaza with anchor stores on very busy road.
- Size in square feet:
- 2,400
Business Operation
- Expansion Potential:
-
Area's of potential growth: potential growth: Online pick up and delivery, adding ABC license, adding dinner and increasing advertising.
- Competition / Market:
-
Other restaurants nearby.
- Reasons for selling:
-
Retirement
- Trading hours:
-
7 Days a weeks
7am - 3pm
- Employees:
- 10 FT and 2 PT
- Years established:
- 30
Other Information
- Support & training:
-
2 weeks of training
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
TBD
- Furniture / Fixtures value:
- $44,000 - included in the asking price
- Inventory / Stock value:
- $1,500 - included in the asking price
