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Beautiful Diner Restaurant for Sale in NY Queens County, NY |
Listing #32276 |
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Financial Information (non-confidential) |
Asking Price |
$4,100,000.00 |
Gross Revenues |
$5,700,000.00 |
Down Payment |
$3,100,000.00 |
Owner’s Cash Flow |
$826,000.00 |
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Financing: $3,100,000.00 Down and $1m over 5 years @5%
Reason for Selling:Retirement
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.
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Joseph Stansky Esq Senior Business Broker
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
1(877) 735-5224 | 50 Karl Ave Smithtown, NY 11787 | vestedbb.com |