Business for Sale Overview:
This luncheonette has been operating from the same location for over 50 years under the same name. Located in a busy Queens County shopping center, just off the expressway, this luncheonette used to generate sales in excess of $750,000 many years ago, indicating the potential for growth for a new owner. The current owners, who have been running this place for over 18 years are ready too retire and are looking to sell this landmark luncheonette. They operate 6 days a week for the breakfast and lunch crowd. Being that it is in a shopping center where all other businesses operate on a 7 days per week basis, a new owner could increase sales by staying open longer and operating 7 days a week. This shopping center will be getting increased traffic as a result of a planned construction for a new Starbucks in the next couple of months. An existing pizzeria will also be increasing its size by taking over additional space from next door. All these developments are indicating a growth opportunity for this location in coming years. The luncheonette seats approximately 50 people in tables and counter space. In addition to serving breakfast and lunch, they do takeout business and in the front of the store, there is a convenience store with lotto. The lotto commissions generate over $8,000 of income per year, and $25,000 of cash income comes from commissions earned for Atlantic City bus tickets sold. Don't miss out on this business, which is expected to do more volume due to positive changes happening in the area.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Other interests
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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