Established Diner For Sale in Bergen County, NJ - 29405

Bergen County, NJ

Seller Financing Available
Established Diner For Sale in Bergen County, NJ  - 29405
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Asking Price: $500,000

Cash Flow: $234,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: $1,000,000

Inventory: $20,000*

Established: N/A

*not included in asking price.

Established Diner For Sale in Bergen County, NJ - 29405

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Business Description

There has just been a price reduction for this great spot! Township approved housing developments for 4,000 homes and condos adjacent to (and nearby_ this diner. Seller financing is available to a qualified buyer. This high-volume diner is available as a single entity, or as part of a package with two restaurants. The diner is largely operated absentee. Like many absentee-run businesses, the payroll is bloated, giving the owner comfort that his customers are being well-served. On a high-volume location such as this, an owner-operator can cut labor costs by $2,000 per week. The owner also cut out a profitable, $2,000 per week food delivery service, which can be restored. There is no effort to promote the diner through social media. Nevertheless, diner sales are up each year. Aside from all the above, the owner is now at the restaurant almost daily, due to pending developments. The township has approved the development of 25 homes and 35 apartments right behind the diner, and the development of 300 apartments nearby, as well. Further, the township has approved the seller's expansion of seating to accommodate the expected increases in business. Additionally, the real estate is available, separately through the seller, for $1.1 million. With the property, the total price would come to $1.6 million. Call today for more information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

Detailed Information

Inventory:
Not included in asking price
Employees:
27
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
250,000.00 Down & 10 years at 6%.
Support & Training:
Yes
Business Website:
http://www.vestedbb.com
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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