Profitable, 20+ yrs in business, breakfast and lunch diner

Newport News, VA (Newport News City County)

Seller Financing Available
Profitable, 20+ yrs in business, breakfast and lunch diner
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Asking Price: $284,900

Cash Flow: $85,012

Gross Revenue: $275,701

EBITDA: N/A

FF&E: $15,000

Inventory: $1,500*

Established: 1997

*not included in asking price.

Profitable, 20+ yrs in business, breakfast and lunch diner

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Business Description

Well established breakfast and lunch diner that has been open and located in same spot since 1997. Comfort food that has nice margins and easy to make. Great reviews, good lease, experience staff and upside to grow. He only excepts cash, has put in recent upgrades in equipment and facilities, and closes at 3pm each day. This also includes a proprietary recipe and accounts that is being sold wholesale from the facility, and could expand as it is in good demand without any advertising.

Detailed Information

Location:
Newport News, VA
Inventory:
Not included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Great location on a busy street and busy shopping plaza. 18' hood, lots of new upgraded equipment and updates to building.
Competition:
Great customer service, price and good food for the money
Growth & Expansion:
Advertise and add delivery options.
Support & Training:
2 weeks
Reason for Selling:
Health Reasons
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(from currently available funds)
 
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Tim Johnson

Business Listed By:
Tim Johnson

First Choice Business Brokers of Hampton Roads

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