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Business for Sale Summary

Modern Diner For Sale Near Midtown Manhattan - 32772

Business Type: bar/tavern/night clubs,catering and event planning,nutrition & health food,other eating & drinking places,restaurant/ cafes/ diners
Modern Diner For Sale Near Midtown Manhattan
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This business has received 65 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $300,000 Down Payment $300,000
Gross Revenues $2,100,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and Please make your best offer!

Business Description

Drastic Price Reduction on this Modern Manhattan Diner. While you could re-purpose it to your own food concept, it netted the present owner $300K, annually, prior to this pandemic. Of the $2.1M in gross sales, in-store accounts for 80% and delivery orders, 20%. You should be able to grow the latter significantly. The diner comes with a full liquor license that could probably be put to better use. At street level, you will find 1,600 spacious square feet that accommodates several dining areas, a traditional counter with stools, and a full kitchen in the back. There is another kitchen, prep area, two walk-ins, and a dry storage area in the clean and large basement. The diner is open from 6am-1am seven days/week. The staff includes 14 full-time and 2 part-time employees. Payroll averages $15K/week. There are 10 years left on the lease, which escalates at 3%, annually. Since the building is owned by a non-profit organization, there isn't any real estate tax to pay.The seller, who has owned and run the diner for the last 14 years, is now ready to retire and pass the mantle onto you. Please do not say anything to the employees or customers when visiting this location, as they do not know it's for sale. Kindly then contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some basic questions and get a full tour of the facilities. Mr. Goldman can be reached by email at jaygoldman@vestedbb.com. Please first go to www.vestedbb.com to become a free registered buyer under listing 32772, if you are new to Vested Business Brokers.

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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.