69 year old Diner in LIC $112K Cash Flow - Get Paid Back in 18 Months

Long Island City, NY (Queens County)

69 year old Diner in LIC $112K Cash Flow - Get Paid Back in 18 Months
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Asking Price: $180,000

Cash Flow: $112,800

Gross Revenue: $468,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,900.42 /Month

Established: N/A

69 year old Diner in LIC $112K Cash Flow - Get Paid Back in 18 Months

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Business Description

Great opportunity to own this LIC staple that has been in business for over 69 years. This Cafe/Diner is located on a very busy street in LIC near many other businesses and shops. They are currently doing around 9k a week with a rent of 4900 a month. They have 7 years left on their lease and the owner is making over 9K a month Net profit. They are currently only open for breakfast and lunch, which gives the new owner an opportunity for instant growth. Due to the aggressive price of this business, the owner will NOT hold a note. Please act now this listing is priced to sell fast.

Detailed Information

Real Estate:
Leased
Building SF:
1,900
Lease Expiration:
3/8/2026
Support & Training:
Seller willing to train new owner
Reason for Selling:
other business interests
Business Website:
http://www.eastcoaststores.com
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Contact the Seller

(from currently available funds)
 
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Henry Galasso

Business Listed By:
Henry Galasso

East Coast Stores LLC, NYC

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