Classic American diner with rental house & parking

Syracuse, NY
Onondaga County

North side of Syracuse close to81


Asking Price: Annual Revenue:
$325,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Classic American diner with rental house & parking Broker: Michael Kinney
License #: Call broker

Quick Facts

Asking Price: $325,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $150,000
Year Established: 1984
Employees: 3
BBN Listing #: 885840651
Broker Reference #: Icon14

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Business Overview:

Classic diner current 40 plus seats. Same owner 35 years first time on market. One of or the cleanest restaurant in Syracuse .They have never used advertising .And up to one year ago never accepted credit cards. There is a space to bump out one wall to pick you another fo12 seats. The parking lot just redone cost of $8,000, parking looks to be 40 cars . They also own a house behind the diner that with a investment you would be able to raise rent or live there Very strong sales keep in mind open closed Sunday and Mondays, the other days opens at 7am to 2p .They are never open nights. With new hours sale’s should $350,000 and up based on hours and menu prices. The current owner is a very good cook and manager. His wife is a partner and works daily. This is a very simple diner with limited hours. And is about as foolproof as you can get I was told full cellar under restaurant. Very little to do to open Name could be available or chose to rename ..I always tell people to go in look around have a breakfast or lunch . Please do not talk about the sale in front of customers or help

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Property Features and Assets:

very busy street close to 81 , regional market , ball field , The issue is this well set up for a diner. You don't need to send a great deal to be in business, Outside sign this spot is what makes retro cool Listing agent is a Licensed Real Estate Broker.

Market Competition and Expansion:

No other diner too close , After time bump out one wall to build a small dinning room 12 seats . Increase hours perhaps open a few nights a week

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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