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Business for Sale Summary

Classic Vintage Diner on Prime Manhattan Corner - 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 on Prime Manhattan Corner
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This business has received 29 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $825,000 Down Payment $525,000
Gross Revenues $1,820,000 Lease Remaining Register Free to View
Owner’s Cash Flow $468,000 Number of FT Employees Register Free to View

Financing

$525,000 Down and $300,000.00 in seller financing at 6% over 36 months

Business Description

You now have the opportunity to become just the third owner of this Vintage Classic Diner since it opened 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. He expects that all of the staff will want to stay on. Of the over $1.8M in annual gross sales, about 55% of it comes from in-store customers and the rest from internet delivery orders. Approximately 60% of in-store sales are by credit card and the rest are in cash. 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. Rent is only $27,200/month for this 1,000 sq. ft. prime Manhattan corner location. It comes with a basement for refrigerated & dry storage. 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 call or text the listing broker, Jay Goldman, at 917-912-3282 to make an appointment for a tour of the facilities and to speak with the owner or one of his family members. 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.