Business For Sale

Downtown Diner/Restaurant being run ABSENTEE

Philadelphia, PA
Philadelphia County

Asking Price: Annual Revenue:
$700,000 $900,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Downtown Diner/Restaurant being run ABSENTEE Broker: David Hoffman
Owner Financing is Available!
$300,000 @6% Three Years.

Quick Facts

Asking Price: $700,000
Annual Revenue: $900,000
Net Profit: Not Disclosed
Cash Flow: $210,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 5
Employees: 11
BBN Listing #: 982427951
Broker Reference #: Not Disclosed

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Business Overview:

THIS EATERY IS BEING RUN ABSENTEE! This does $900,000 in annual sales, despite only being opened 8am to 8pm. Expansion of operating hours would be a wise choice for this location. Current ABSENTEE owners opted for shorter hours. There is an EXPERIENCED, SUCCESSFUL MANAGER WHO IS WILLING TO STAY ON WITH NEW OWNERSHIP! Most of the kitchen equipment is two years older or less! With the beautifully renovated dining area and fairly new kitchen equipment, this eatery is truly turnkey, and a candidate for absentee ownership. On the other hand, an owner operator could expand hours to 24 hour, if needed, without having to search for an experienced, dependable manager. This is a Win/win situation for a restaurant/diner entrepreneur or well funded chef who wishes to make a name for him/herself in the PERFECT setting.

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Property Features and Assets:

This eatery is operating in approximately 3,500 sf, seating 208 comfortably. Diners are not crowded via this layout. The inside is well appointed and up to date: no renovation needed. this is turn-key.

Market Competition and Expansion:

There are many venues nearby that generate foot traffic year round. Close to public transportation. Currently operating 8am to 8pm. Hours could certainly be expanded to 24 hours. This business has been held by current ownership for 5 years, but was a restaurant/diner before current ownership took over and remodeled.

Reason for Selling:

Changing portfolio to real estate/ family time.

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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