Diner for Sale in Passaic County, NJ-33167

Not Disclosed, NJ
Passaic County

Asking Price: Annual Revenue:
$550,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Diner for Sale in Passaic County, NJ-33167 Broker: Tom Patterson
Owner Financing is Available!
$475,000.00 Down & 7% over 4 years.

Quick Facts

Asking Price: $550,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $450,000
Real Estate: Not Disclosed
Year Established: 1970
Employees: Not Disclosed
BBN Listing #: 52374447
Broker Reference #: 33167

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Business Overview:

Exceptional business opportunity as a Diner & Catering business or easy conversion to a bar and grille. When this beautiful diner operated 24 hours, it grossed $2 million. The owner is nearing retirement, so the hours were reduced, and current gross is less. The premises were renovated at a cost of $1 million. The renovation was designed by a famous hospitality design firm, and the appearance is unique and modern. Great location on a major highway can certainly support a 24 hour operation. The history of the business includes some weeks with as much as $50,000 to $60,000 gross sales. These numbers are without a liquor license. The town has liquor licenses available, if desired. Corporate catering (on and off premises) and event business (bridal showers, christenings, birthdays, etc.) are already established, and these segments of the business have excellent growth possibilities. Great growth demographics of the area. Below market rent. Lease is assignable. Twenty five years remain on the current lease, plus two 5 year options. Free standing building with ample parking. Semi finished tile basement with bakery. Seats 150. We are looking for a serious buyer with a minimum of $475,000 cash available. Partial seller financing available to a qualified buyer. OWNER WILL MEET BY APPOINTMENT ONLY. Make your inquiry now. Please use email reply button of this ad to contact us.

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Reason for Selling:

Health & retirement.

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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