69 year old Diner in LIC $112K Cash Flow 18mo ROI

Long Island City, NY
Queens County


Asking Price: Annual Revenue:
$180,000 $468,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 69 year old Diner in LIC $112K Cash Flow 18mo ROI Broker: Henry Galasso

Quick Facts

Asking Price: $180,000
Annual Revenue: $468,000
Net Profit: Not Disclosed
Cash Flow: $112,800
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 69
Employees: 5
BBN Listing #: 583735273
Broker Reference #: 11618

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Business Overview:

Great opportunity to own this LIC staple that has been in business for over 69 years. This Cafe/Diner is located on a very busy street in LIC near many other businesses and shops. They are currently doing around $9,000 a week with a rent of $4,900 a month. They have 7 years left on their lease and the owner is making over $9,000 a month Net profit. They are currently only open for breakfast and lunch, which gives the new owner an opportunity for instant growth. Due to the aggressive price of this business, the owner will NOT hold a note. Please act now this listing is priced to sell fast.

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Property Features and Assets:

11618

Reason for Selling:

Other Business Interests.

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.

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