Successful NE FL 50s Diner

Fernandina, FL (Nassau County)

Seller Financing Available
Successful NE FL 50s Diner

Asking Price:$175,000

Cash Flow:N/A

Gross Revenue:$374,000




Rate/Sq. Ft.:N/A


Successful NE FL 50s Diner

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Business Description

Destination 50s diner currently serving breakfast and lunch. Revenues have been constant over the past several years and have increased in 2016 over 2015. This business has been in the area since 2006 and relocated to its current location in 2011. Mixture of vacation visitors and loyal local clientele make this a year round revenue generator.

In addition to breakfast, the focus of this diner is lunch serving hamburgers, sandwiches, shakes and a great 50s vibe. The Seller has experienced health issues over the past several years requiring a sale. A new owner could expand service to include dinner and see an immediate increase in revenues without any increase in lease expense.

The current owner/operator shares cooking/chef responsibilities with another cook so a buyer would need to take that into consideration when evaluating the purchase. The current operation is hands-on by the owner/operator. For the right buyer, the Seller would consider financing up to 40% of the transaction with a first lien position.

Business is cash flow positive with labor costs well in the prime range. A buyer with operation experience could improve on food costs to improve current cash flow.

Qualified and interested buyers should download the provided NDA and input FL7818 as the listing number and 50s diner as the description. Complete and sign the form. Once completed, the form can be emailed to or faxed to 866-879-2418. A government issued photo id must be submitted with the signed NDA. No information will be sent unless the signed NDA and a corresponding photo id have been provided.

Upon request, with the signed NDA/photo ID, qualified interested parties will be sent an initial package which includes company and location details, financials and FF&E specifics.

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
2116 square foot leased space. Lease expires in November 2019. Landlord has already expressed desire to renew space with a new tenant. Lease cost is approximately +/-8% of gross receipts. All fixtures and equipment, including refrigeration, ice machine and dishwasher, owned and in good condition. No leased equipment. 50 to 70 seat diner. Ample parking and excellent landlord relationship.
Restaurant/diner maintains a unique positioning in this market. Diner is a destination eatery with loyal clientele that has operated in the area for many years.
Growth & Expansion:
Given Seller's health, restaurant has scaled back to breakfast and lunch only service 7 days per week beginning 2 years ago. Substantial opportunity for additional revenues with a dinner/late night service.
Support & Training:
Seller will provide 2 weeks of transition support at no charge.
Reason for Selling:

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Bill Rary

Business Listed By:
Bill Rary

Waterway, Inc.

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