Luncheonette /Diner

Union City, NJ
Hudson County

Active commercial avenue


Asking Price: Annual Revenue:
$225,000 $500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Luncheonette /Diner Broker: Customer Service
Owner Financing is Available!
Seller financing has been approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Quick Facts

Asking Price: $225,000
Annual Revenue: $500,000
Net Profit: $100,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 1975
Employees: 4
BBN Listing #: 78073909
Broker Reference #: REST799

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Business Overview:

Profitable diner/luncheonette in an urban area of Hudson County, northern New Jersey, and minutes from the New York Lincoln Tunnel. Owner is now retiring after thirty years in the food service industry. This active breakfast and lunch business, 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 delivery service which represents approximately fifteen percent of the gross income. This is a dependable business opportunity. The 2021 gross yearly income represented by the seller is $500,000 and a yearly net income of $100,000 which includes seller discretionary income and based on an onsite owner operator and prior to debt service.

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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