Iconic Stainless Steel American Diner for Sale

Not Disclosed, PA


Asking Price: Annual Revenue:
$309,500 $514,605

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Stainless Steel American Diner for Sale Broker: Richard Collins
Owner Financing is Available!

Quick Facts

Asking Price: $309,500
Annual Revenue: $514,605
Net Profit: Not Disclosed
Cash Flow: $170,731
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 121355492
Broker Reference #: 45783-738509

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Business Overview:

This diner is truly a Classic American Diner with the stainless steel siding, counter seats, booths, juke box, and a place for regulars to have their own mugs for coffee hung up on pegs, clean and ready for the next time the guest comes in.
The restaurant is open seven days a week and only for breakfast and lunch so there is certainly opportunity to expand revenues and profits.
Seller financing will most likely be available depending upon buyer's qualifications and will be determined at a future time.

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Property Features and Assets:

The diner dates back to the 1953, the height of the great American love affair with the classic, and sadly vanishing, stainless steel diners. These diners were a driving force of Americans going out for breakfast. As soon as you see, walk in and eat at this diner you go back to a time when there was friendly service, friendly customers, large portions, jukebox's, stools and a couple of barber chairs at the end of the counter and no credit cards. The building was used for other businesses for a while before it was reopened as a diner in 1982 buy the current owners. They have maintained and upgraded the diner along the way as well as having acquired a long list of loyal and frequent customers. Many customers are such frequent visitors they have their own coffee mugs hung on pegs ready to be filled when they walk in the door. The diner is only open seven days a week but only for breakfast and lunch, between the hours of 6AM and 2PM.

Market Competition and Expansion:

The diner is only open from 6AM-2PM so it is very possible to add significant revenues and profits by adding afternoon hours and dinner. Currently the restaurant does NOT deliver and delivery is the fastest growing sector of the restaurant business. There is significant residential building in town and large school being built around the corner from the diner. This should add a large number of new customers.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is not 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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