Diner/ Deli / big take out biz/ solid location

Berkeley, NJ (Ocean County)

Seller Financing Available
Diner/ Deli / big take out biz/ solid location
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Asking Price: Get Financing: $169,000

Cash Flow: $90,000

Gross Revenue: $600,000

EBITDA: $450,000

FF&E: $75,000

Inventory: $12,500*

Lease Rate: $15 /SF/Year

Established: 1977

*not included in asking price.

Diner/ Deli / big take out biz/ solid location

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Business Description

Excellent opportunity for solid operator to purchase very well established business, High Visibility location , not so well managed , but has good bones all around , can do much better with more enthusiasm .
same family ownership for 50 years ..

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,400
Lease Expiration:
4/16/2027
Employees:
4/4pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2700 sq ft VERY good visibility , new Franchise going next door will dramatically increase traffic, solid parking lot with ample front and side and rear parking , monster signage front of building
Competition:
None with product line in place, unique concept
Growth & Expansion:
Very positive opportunity to grow this business to much larger volume, currently the operator is home at 1 pm everyday .
Financing:
bank financing with 30%
Support & Training:
Seller wil train as needed
Reason for Selling:
Retiring to Key West florida
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(from currently available funds)
 
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Thierry Smith

Business Listed By:
Thierry Smith

1st Jersey Commercial

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