Beautiful Diner Restaurant for Sale in NY-32276

Not Disclosed, NY
Queens County


Asking Price: Annual Revenue:
$4,100,000 $5,700,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Beautiful Diner Restaurant for Sale in NY-32276 Broker: Joseph Stansky Esq
Owner Financing is Available!
$3,100,000.00 Down & $1m over 5 years @5%

Quick Facts

Asking Price: $4,100,000
Annual Revenue: $5,700,000
Net Profit: Not Disclosed
Cash Flow: $825,000
Total Debt: Not Disclosed
FF&E: $700,000
Real Estate: Not Disclosed
Year Established: 1965
Employees: 70
BBN Listing #: 55674447
Broker Reference #: 32276

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Business Overview:

Large Diner/Restaurant is a neighborhood institution for 55 years-This bustling $110,000-$120,000 per week ) renovated main road Queens diner is offered for sale. 4,800 square feet(4800 square feet basement) diner seats 9 at counter and 180 in 2 dining rooms. Seasonal outdoor patio with 15 tables. Huge take-out and delivery business require 6 phone lines and fax machine. Huge daily morning catering to many local schools, commercial accounts (over 30 regular accounts) requires 1-2 dedicated vehicles. Delivery is huge 40% of the business and can be expanded. Full basement- 7 walk-ins and freezers. Full liquor license. Full breakfast, lunch, dinner and late- night menu. Made fresh daily with the finest ingredients. Delivery van included in sale. Bright with windows all around. Main road locations surrounded by dense apartment blocks and middle class multi family homes. All furniture, fixtures, equipment and kitchen have been replaced within the past ten years. Business over staffed in kitchen and managers with over $100,000 in excess salaries.18 years left on lease. Local diner competition closing this summer. 24/7 diner is always crowded. Free standing with plenty of parking. The owner requires that buyers provide Proof of funds and prior restaurant background for the name and location of this unique money making business and a meeting with the owner. Contact broker Joseph Stansky for more details. Please use email reply button of this ad to contact us.

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Reason for Selling:

Retirment

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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