DinersNew JerseyBergen

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Well Established Restaurant Prime Location
$180,000
Well Established Restaurant Prime Location

Cliffside Park, NJ

Well established restaurant business On Anderson Ave in Cliffside Park. All equipments are inclusive. Surrounded by variety businesses and residential. Full finished basement, lots of room for storage. Restaurant can be convert to a bar, Liquor License is available to purchase from the landlord.

Modern Diner/Luncheonette
$100,000Cash Flow: $70,000
Modern Diner/Luncheonette

Bergen County, NJ

Excellent business opportunity for this modern cozy luncheonette / diner located on an active county road in a business district in the heart of Bergen County, New Jersey. This luncheonette has been established for many years and is well known within the community for its great food and service. The business is conveniently located and serves breakfast, lunch and dinner. The owner has recently upgraded the facility and now has a family illness which forces the sale of this well-known and highly successful business opportunity. This business has plenty of room for expansion by adding a catering and delivery service. This business has 3 employees who are unaware of the pending sale. Monthly payroll is approximately $7,300. The business has an assignable commercial lease which expires August 31, 2023 plus additional options, with a monthly rent of $3,300, cost per square foot is approximately $23.29, and rent security $5,000. The business is active seven days weekly, hours 7:00 am to 8:00 pm. The business gross yearly income is estimated at $360,000 with a yearly net income of approximately $70,000 based on an onsite owner operator and prior to any debt service. Based on the multiple of the existing net yearly income and value of the newer assets the business value is at minimum $100,000. This is an excellent opportunity to own an established diner business located in a wonderful commercial area of Bergen County, New Jersey. Based on the asking price, required down payment and yearly net income, this business expect to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Established Diner For Sale in Bergen County, NJ - 29405
$500,000Cash Flow: $234,000Seller Financing
Established Diner For Sale in Bergen County, NJ - 29405

Bergen County, NJ

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


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