1. Home
  2. Businesses for Sale
  3. New Jersey
  4. Retailing Businesses

Business for Sale Summary

Established Diner For Sale in Bergen County, NJ - 29405

Business Type: retailing businesses,bar/tavern/night clubs,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes
Owner Financing
Established Diner For Sale in Bergen County, NJ
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 49 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $250,000
Gross Revenues $1,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $234,000 Number of FT Employees Register Free to View

Financing

$250,000 Down and 10 years at 6%.

Business Description

There has just been a price reduction for this great spot! Township approved housing developments for 4,000 homes and condos adjacent to (and nearby_ this diner. Seller financing is available to a qualified buyer. This high-volume diner is available as a single entity, or as part of a package with two restaurants. The diner is largely operated absentee. Like many absentee-run businesses, the payroll is bloated, giving the owner comfort that his customers are being well-served. On a high-volume location such as this, an owner-operator can cut labor costs by $2,000 per week. The owner also cut out a profitable, $2,000 per week food delivery service, which can be restored. There is no effort to promote the diner through social media. Nevertheless, diner sales are up each year. Aside from all the above, the owner is now at the restaurant almost daily, due to pending developments. The township has approved the development of 25 homes and 35 apartments right behind the diner, and the development of 300 apartments nearby, as well. Further, the township has approved the seller's expansion of seating to accommodate the expected increases in business. Additionally, the real estate is available, separately through the seller, for $1.1 million. With the property, the total price would come to $1.6 million. Call today for more information.

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. kg

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.