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Business for Sale Summary

Popular Diner for sale in NY - 34931

Business Type: other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Owner Financing
Popular Diner for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $180,000 Down Payment $100,000
Gross Revenues $265,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,000 Number of FT Employees Register Free to View

Financing

$100,000 Down and $80k at 5% for 36 months

Business Description

Incredible opportunity to own this very busy diner on a heavily traveled street in Long Island City. This charming diner is a fantastic way to get involved in the Food and Beverage industry without breaking the bank. At just over 600 sq ft, and a modest rent of $5400 per month, the potential to maximize profits is limitless. Open from 7am to 3pm, the owner has suggested that longer hours would definitely increase revenue. A more extensive lunch special is another way to increase business, as well as creating a website to target even more diners. Located near several large stores, their takeout business is robust. Inside, there is countertop seating for 14 plus several booths for larger parties. In the warmer months the owner also provide outdoor seating. Mostly a cash business, the store grosses over $12,000 per week. Please contact Ross Lombardo at 917-881-7441 or email me at rlombardo@vestedbb.com to schedule an appointment to speak with the owner. Please be very discrete when visiting the store since the employees are not aware of the owners intentions.

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.