40 Seat Small town Diner

Suffolk County, NY

Seller Financing Available
40 Seat Small town Diner
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Asking Price: $149,000

Cash Flow: $130,000

Gross Revenue: $690,000

EBITDA: N/A

FF&E: $75,000

Inventory: $15,000*

Rent: $4,500 /Month

Established: 2004

*not included in asking price.

40 Seat Small town Diner

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Business Description

Imagine a small-town diner, circa 1950, where you know your customers and they feel like family. A diner where everyone knows each other and comes in on a regular basis to meet up with friends and neighbors to share a meal.
This is that place. It's located in a nice north shore area where many of the regulars are within walking distance. The diner is 1800 sq. ft. and has a full basement. There are 40 seats inside and another 16 seats on the outdoor deck. The rent is only $4,500 with no increases for the first 4 years. There are 14 years left on the lease plus a 5-year option. The kitchen is fully equipped, and the facility is in turn-key condition. The large walk-in refrigerator and freezer are in the basement and there is plenty of room for storage and prep. The owner is netting $130K after expenses. He is heartbroken to have to sell, but he is a partner in a large diner, has a new baby, and the only way to have family time now is by selling this business. The owner is willing to hold a note, for the right buyer, and has priced the business for a quick sale.
KEY FEATURES
1. Owner Nets $130K
2. 1800 Sq. Ft. plus full basement
3. Lease 14 years plus 5 yr. option (No rent increase for 4 years!)
4. Rent is only $4,500
5. Hours: Mon - Sat 7 am - 9 pm, Sun 7am - 8 pm
6. Owner Financing
7. Looking for quick sale.

Attached Documents


Detailed Information

Location:
Suffolk County, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
12/31/2034
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
40 seat indoors and a porch with 16 seats out doors, full basement, turnkey condition
Competition:
none
Growth & Expansion:
Catering
Support & Training:
Owner will stay for transition
Reason for Selling:
He is heartbroken to have to sell, but he is a partner in a large diner,
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Bruce Miller

Business Listed By:
Bruce Miller

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