Financing: $300,000.00 Down and Please make your best offer!
Reason for Selling:Retirement
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 email@example.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.
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 firstname.lastname@example.org or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.