Classic Vintage Diner For Sale in New York-32333

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$600,000 $1,683,272

Food & Beverage: Bars, Clubs, Nightspots


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RE: Classic Vintage Diner For Sale in New York-32333 Broker: Jay Goldman
Owner Financing is Available!
$400,000.00 Down & $200,000.00 in seller financing at 6% over 24 months.

Quick Facts

Asking Price: $600,000
Annual Revenue: $1,683,272
Net Profit: Not Disclosed
Cash Flow: $300,086
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1940
Employees: 16
BBN Listing #: 16784447
Broker Reference #: 32333

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Business Overview:

Price Just Reduced! You now have the opportunity to become just the third owner of this Vintage Classic Diner since its founding 80 years ago. It still operates under the same name today, as it did when it first opened. The current owner of 40 years has serious health issues and is eager to sell as soon as possible, but not without providing you with all the transitional support and training you will need to make it even more successful.He expects that all of the loyal staff will want to stay on. The staff practically operates the diner on its own with maybe 10 hours/week of hands-on supervision by the ownership. Approximately 55% of of gross revenues are by credit cards, 40% in cash, and 5% from internet delivery orders. The diner is surrounded by three colleges and two major hospitals. The former provides a boost to sales from Labor Day through Memorial Day and the latter account for large catering orders year-round. Internet delivery and catering orders can be significantly grown with just a modicum of effort by a new owner. Rent with real estate taxes is $31,750/month for this 1,000 square feet prime Manhattan corner location. It comes with a basement for refrigerated & dry storage and much more. Store hours are from 6am-9pm during the week and from 7am-7pm on the weekends. Please do not say anything to the employees or customers when visiting the diner, as they do not know it is for sale. Then, kindly email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment for a tour of the facilities and to speak with the owner. Please obtain the address for listing 32333 before contacting Mr. Goldman. Please use email reply button of this ad to contact us.

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Reason for Selling:

The owner has serious health issues.

Additional Details:

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

Relevant Links:

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