Profitable established turn key diner for sale

Totowa, NJ (Passaic County)

Seller Financing Available
Profitable established turn key diner for sale
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Asking Price: $125,000

Cash Flow: $100,000

Gross Revenue: $588,000

EBITDA: N/A

FF&E: $55,000

Inventory: $3,800

Rent: $3,600 /Month

Established: 1989

Profitable established turn key diner for sale

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Business Description

Well Establish Profitable Turn Key Diner

Just reduced! Motivated Seller
Well Established, highly profitable local diner w/ loyal customer base serving breakfast, lunch & dinner. This Turn key growing business recently added lottery and uber eats helping increase its year over year revenue. Close to 600k gross the past year and 100k net!
Established over 30 years in the community and under current ownership since 2014. Great Landlord
with 10 years left on lease. Monthly rent is $3600 which includes garbage removal, grease removal & snow plowing.

Detailed Information

Location:
Totowa, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
10/1/2029
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a busy strip mall with large parking lot. All offices and the only food establishment in mall.
Growth & Expansion:
New owner can increase revenue by creating web content. Increase catering, advertising and marketing efforts.
Financing:
Some financing to a qualified buyer.
Support & Training:
Full Training and support, 2 weeks more if needed. Also will be available by phone after training.
Reason for Selling:
other business opportunity
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Business Listed By:
Chris Leopizzi

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