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Business for Sale Summary

Classic Vintage Diner for Sale in New York, NY - 32333

Business Type: bar/tavern/night clubs,catering and event planning,delicatessen/catering services,ice cream parlour/frozen yogurt stores,nutrition & health food,other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Classic Vintage Diner for Sale in New York, NY
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This business has received 73 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $600,000 Down Payment $400,000
Gross Revenues $1,683,272 Lease Remaining Register Free to View
Owner’s Cash Flow $300,086 Number of FT Employees Register Free to View


$400,000 Down and $200,000.00 in seller financing at 6% over 24 months

Business Description

Price Just Reduced! You now have the opportunity to become just the third owner of this Vintage Classic Diner since its founding 80 years ago. It still operates under the same name today, as it did when it first opened. The current owner of 40 years has serious health issues and is eager to sell as soon as possible, but not without providing you with all the transitional support and training you will need to make it even more successful. He expects that all of the loyal staff will want to stay on. The staff practically operates the diner on its own with maybe 10 hours/week of hands-on supervision by the ownership. Approximately 55% of of gross revenues are by credit cards, 40% in cash, and 5% from internet delivery orders. The diner is surrounded by three colleges and two major hospitals. The former provides a boost to sales from Labor Day through Memorial Day and the latter account for large catering orders year-round. Internet delivery and catering orders can be significantly grown with just a modicum of effort by a new owner. Rent with real estate taxes is $31,750/month for this 1,000 sq ft. prime Manhattan corner location. It comes with a basement for refrigerated & dry storage and much more. Store hours are from 6am-9pm during the week and from 7am-7pm on the weekends. Please do not say anything to the employees or customers when visiting the diner, as they do not know it is for sale. Then, kindly email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment for a tour of the facilities and to speak with the owner. Please obtain the address for listing 32333 from www.vestedbb.com before contacting Mr. Goldman.

Attention Business Owners: 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.