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Business for Sale Summary

Authentic North Shore Diner - 30660

Business Type: other eating & drinking places,other food stores,best deals!,new to market,seller financing available,restaurant/ cafes
Authentic North Shore Diner
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Financial Information (non-confidential)

General Information
Asking Price $190,000 Down Payment $125,000
Gross Revenues $670,968 Lease Remaining Register Free to View
Owner’s Cash Flow $139,293 Number of FT Employees Register Free to View

Financing

$125,000 Down and $65K over 4 yrs. @ 6%

Business Description

Authentic North Shore Diner. Established for nearly 100 years, it is a landmark in the community. This is a traditional diner, serving breakfast, lunch and dinner in an affluent community. YOU CAN KEEP THE CURRENT CONCEPT OR BRING IN SOMETHING NEW. They have a huge open air kitchen, with counter service and total seating for at least 50 patrons. It is a full kitchen with hood. The business occupies 1,500 sf., and also has a full 1,500 sf. basement with storage space, walk-in refrigerator and freezer. There are 5 years left on the current lease, at a rent of $4,000/month (including tax and CAM). The landlord is willing to offer a new lease of 10 years (or better) for a qualified tenant with good credit. They have their own parking lot for 25 cars, plus street parking. In the past year the business grossed approx. $728,000.00 with a cash flow of approx. $139,293.00. We are seeking a serious and financially qualified buyer with at least $125K in liquid funds to cover the downpayment. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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.