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Business for Sale Summary

Beautiful Diner Restaurant for Sale in NY - 32276

Business Type: catering and event planning,other eating & drinking places,restaurant/ cafes/ diners
Beautiful Diner Restaurant for Sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $4,100,000 Down Payment $3,100,000
Gross Revenues $5,700,000 Lease Remaining Register Free to View
Owner’s Cash Flow $826,000 Number of FT Employees Register Free to View

Financing

$3,100,000 Down and $1m over 5 years @5%

Business Description

Large Diner/Restaurant is a neighborhood institution for 55 years-This bustling $110,000-$120,000 per week ) renovated main road Queens diner is offered for sale. 4800 sq. ft.( 4800 sq ft basement) diner seats 9 at counter and 180 in 2 dining rooms. Seasonal outdoor patio with 15 tables. Huge take-out and delivery business require 6 phone lines and fax machine. Huge daily morning catering to many local schools, commercial accounts (over 30 reg.accts) requires 1-2 dedicated vehicles.Delivery is huge 40% of the business and can be expanded. Full basement- 7 walk-ins and freezers. Full liquor license. Full breakfast, lunch, dinner and late- night menu. Made fresh daily with the finest ingredients. Delivery van included in sale. Bright with windows all around. Main road locations surrounded by dense apartment blocks and middle class multi family homes. All furniture, fixtures, equipment and kitchen have been replaced within the past ten years. Business over staffed in kitchen and managers with over $100k in excess salaries.18 years left on lease. Local diner competition closing this summer. 24/7 diner is always crowded. Free standing with plenty of parking. The owner requires that buyers provide Proof of funds and prior restaurant background for the name and location of this unique money making business and a meeting with the owner. Contact broker Joseph Stansky for more details. We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.