Midtown Manhattan Diner Restaurant Doing Over $65K

Manhattan, NY
New York County


Asking Price: Annual Revenue:
$800,000 $3,500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Midtown Manhattan Diner Restaurant Doing Over $65K Broker: Henry Galasso
Owner Financing is Available!
$200,000

Quick Facts

Asking Price: $800,000
Annual Revenue: $3,500,000
Net Profit: Not Disclosed
Cash Flow: $350,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 3
Employees: 25
BBN Listing #: 351835273
Broker Reference #: 11622

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Business Overview:

This amazing diner was recently renovated from top to bottom. Its open 24 hours to cater to several universities, hospitals, theaters, apartments, and business located within a 3 block radius. The sales for this neighborhood staple are steady year. Located on a major Avenue on one of the busiest corners in Manhattan. With a solid 10 year lease with undermarket rent and 3% increases, a new owner can make money for years to come. There is a small bar counter with beer, wine, and hard liquor license in place adding to the bottom line with a high profit margin. The business is currently operated semi-absentee with a full time manager that gets paid $1,200 a week. A new owner can work in the restaurant full-time and save more by reducing the payroll and get a better return on investment. Seller financing is applicable for qualified buyers. Don't sleep on this fantastic opportunity at a great price!

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Reason for Selling:

Partner 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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