Diner NYC.AMAZING LOCATION. Below market rent. 14 YEAR lease.

Manhattan, NY (New York County)

Seller Financing Available
Diner NYC.AMAZING LOCATION. Below market rent. 14 YEAR lease.
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Asking Price: Get Financing: $395,000

Cash Flow: $247,000

Gross Revenue: $1,250,000

EBITDA: N/A

FF&E: $130

Inventory: $20,000*

Lease Rate: $130 /SF/Year

Established: 1967

*not included in asking price.

Diner NYC.AMAZING LOCATION. Below market rent. 14 YEAR lease.

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Business Description

Make this your own.
Unbelievable rent, Amazing location.
Busy place. Great 4+ online reviews
Needs young creative restaurateur to take it to the next level.
Amazing price. Great current income.
Once in a lifetime opportunity.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
1/31/2032
Employees:
7+2 Owners
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1500 SF restaurant with full basement. 14 year lease at $15,500/Month with 3% increases. Real Estate Taxes $700/Month. THIS IS WAY BELOW MARKET. Fully equipped kitchen. All equipment in excellent condition. 60 seats with 8 counter stools. Over 30 FEET frontage.
Competition:
PRIME PRIME Broadway location with high visibility. Plenty room for a sidewalk cafe. Diner menu with emphasis on breakfast and lunch. Excellent 4+ rating on ALL review sites.
Growth & Expansion:
Old school owner has owned the restaurant for 38 years. Established in 1967 and has NEVER changed. Restaurant closes at 10 pm. Tremendous neighborhood packed with young families and professionals. High foot traffic till late from surrounding high-rise apartment buildings and close to Columbia residences. Surrounded by 10 hotels for additional tourist customers. No advertising, No online presence. Old School needs to change to New School operator.
Financing:
Limited seller financing available (25%) based upon offer price
Support & Training:
Owner will transition.
Reason for Selling:
Retiring
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Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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