VERY POPULAR Diner, No Nearby Competition, Priced to Sell!!

Largo, FL (Pinellas County)

Seller Financing Available
VERY POPULAR Diner, No Nearby Competition, Priced to Sell!!
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Asking Price: Get Financing: $95,000

Cash Flow: N/A

Gross Revenue: $285,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $1,750 /Month

Established: 2014

VERY POPULAR Diner, No Nearby Competition, Priced to Sell!!

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Business Description

This breakfast/lunch diner is the local favorite in a densely populated area due to its food, service, and prices that can’t be beat (read the reviews!). They own the customer base in this area because the nearest other breakfast/lunch restaurant is more than 2 full miles away.

This profitable breakfast/lunch restaurant is priced to sell: The total sale price is only a little more than 30 percent of gross sales (40 percent is the average) and requires only $70K down payment with the remainder financed in low payments over 5 years.

This beloved eating establishment has a captive audience because it is the only game in town and it is surrounded by numerous densely-packed condo complexes and mobile home parks within just a few blocks. There are, in fact, 10 separate mobile home parks and condo complexes (whole complexes, not just individual buildings) within two blocks of the restaurant. The restaurant itself lies on one of the most heavily-traveled roads in Pinellas County and is highly visible from the street. Being so close to so many customers and yet so far from the nearest competitor is a built-in advantage that very few restaurants enjoy to this extent.

The audience is captive but the real reason that this diner packs ‘em in again and again is a winning combination of food, service, and prices. The menu choices and pricing perfectly match up to what the local demographic wants. The owner holds the kitchen staff to very high standards for food presentation and consistency. The wait staff greet all of the regular customers by name when they come in the door. The reviews will absolutely validate all of this. This is a restaurant that is really running well and will be easy and enjoyable for a new owner to operate.

The restaurant was completely remodeled and now has a real contemporary appearance. Everything looks brand new, even the bathrooms. The ambiance created by the updated décor is an important draw that brings customers back.

This breakfast/lunch diner does a high volume of business even though not a lot of marketing has been done. The owner is old school and does not do Internet or social media marketing and advertising to any extent. They are not real big on using delivery services. The owner has not marketed to the locals with door hangars and fliers. Dinners could also be added to the menu. The new owner has plenty of opportunity to quickly grow sales with some basic marketing.

On top of all the great benefits that this beloved local breakfast/lunch diner offers, the current owner will finance $25,000 over 5 years at 6% with monthly payments of $483.

Detailed Information

Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
3 F/T,3 P/T
Competition:
They own the customer base in this area because the nearest other breakfast/lunch restaurant is more than 2 full miles away.
Growth & Expansion:
This breakfast/lunch diner does a high volume of business even though not a lot of marketing has been done. The owner is old school and does not Internet or social media marketing and advertising to any extent. They are not real big on using delivery services. The owner has not marketed to the locals with door hangars and fliers. Dinners could also be added to the menu. The new owner has plenty of opportunity to quickly grow sales with some basic marketing.
Financing:
$25K over 5 years @ 6%, Monthly payment: $483
Support & Training:
As long as necessary. The current owner wants to make sure that the new owner is totally comfortable running the restaurant.
Reason for Selling:
Other business interests and approaching retirement.
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Contact the Seller

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Mark Harmon

Business Listed By:
Mark Harmon

A.J.Della Monica & Assoc.

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Sponsoring Broker:
AJ Della Monica


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