Seller's Contact Information
- RE: Luncheonette /Diner
- Contact: Ron Cervelli
Quick Facts
| Asking Price: | $220,000 | |
| Annual Revenue: | $500,000 | |
| Net Profit: | $100 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 95,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1975 | |
| Employees: | 4 | |
| BBN Listing #: | 78073909 | |
| Broker Reference #: | REST807 |
Business Overview:
Profitable diner/luncheonette in an urban area of Hudson County, northern New Jersey, and minutes from the New York Lincoln Tunnel. The owner is now retiring after thirty years in the food service industry. This active diner is in the heart of a highly populated urban and commercial area, with limited hours, has a gross yearly income of approximately $500,000 and a solid yearly net income to the owner operator. The sale includes a long-term lease agreement at fair market value with additional extensions. The facility has a seating capacity for eighty customers with a clean attractive image. The business also offers a delivery service, which represents approximately fifteen percent of the gross income. This is a dependable business opportunity and owner financing is available. The business fixed assets have an estimated value of approximately $75,000 which is based on replacement cost, representing equipment, licensing, etc. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, shelving, POS system, tables, computer, software including all the necessary equipment to maintain the daily business operation and a list of assets will be supplied to purchaser upon request.
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Property Features and Assets:
The facility is sixteen hundred square feet with a clean attractive image. The facility has a stage kitchen and a full-length diner counter for fast food service and various tables for private seating. The general area consists of a highly populated urban city with a large volume of commercial businesses. The business is located on a commercial avenue with lots of walk-in customers and substantial municipal parking.
Market Competition and Expansion:
The business is located in a highly commercial area; however, no new competitors are expected in this area and the owner will supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Retiring
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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