Landmark Diner on North Shore 28 Yr Lease - 50% FINANCING - $52k Wkly

Rocky Point, NY (Suffolk County)

Seller Financing Available
Landmark Diner on North Shore 28 Yr Lease - 50% FINANCING - $52k Wkly
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Asking Price: $1,500,000

Cash Flow: $511,288

Gross Revenue: $2,600,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $8,000 /Month

Established: N/A

Landmark Diner on North Shore 28 Yr Lease - 50% FINANCING - $52k Wkly

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Business Description

Landmark Diner EST 30 years ago and very good following over 52k weekly open 7 days 250 seats full liquor 6000 sq ft Sits on 2.5 acres spots for 130 cars. Any family can buy this with 50% down and be extremely successful as the last owners have. Owners have too many ventures and can't handle this additional restaurant. Extremely LOW rent makes this a home run opportunity for anyone with food experience or even someone new looking to break into the diner business.

Detailed Information

Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
3/11/2048
Financing:
750000
Support & Training:
Seller willing to train new owner
Reason for Selling:
other business interest
Business Website:
http://www.eastcoaststores.com
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(from currently available funds)
 
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Henry Galasso

Business Listed By:
Henry Galasso

East Coast Stores LLC, NYC

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