VESTAL, New York
| Asking Price |
$350,000 |
Year Established |
|
|
| Annual Revenue |
$1,229,282 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$170,612 |
Listing Number |
1005823 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Once-in-a-generation opportunities like this rarely become available. Pete’s Legacy Diner is a true Vestal landmark; an iconic, multi-generation diner that has become woven into the fabric of the Broome County community. Known for its scratch-made comfort food, classic diner charm, and fiercely loyal following, this business represents decades of trust, tradition, and irreplaceable goodwill.
This is a proven, cash-flowing operation with strong, consistent performance and an established customer base that spans generations. Fully equipped and completely turnkey, the diner is supported by an experienced staff and operational systems that allow for a seamless transition to new ownership from day one.
Currently operating breakfast and lunch only, the business offers immediate upside through expanded hours, dinner service, and increased catering, providing clear pathways for additional revenue growth on top of an already profitable foundation.
This is more than a restaurant acquisition, it’s the rare opportunity to take the reins of a beloved local institution with dependable cash flow, built-in demand, and meaningful expansion potential.
Important Note: DO NOT CONTACT THE SELLER OR STAFF DIRECTLY - NO INQUIRY WILL BE RETURNED.
Property Features and Assets:
<p>FACILITY: Freestanding Building</p><p>PARKING: Dedicated parking lot</p><p>EQUIPMENT: The equipment is in excellent condition, has been well maintained & is of good quality.</p><p>CONCEPT: Breakfast & Lunch Restaurant</p><p>SEATING: 75</p><p>SIZE: 4,020 square feet</p><p>HOURS: Open for Breakfast & Lunch Daily</p><p>LICENSES: All necessary operating licenses</p><p>SALES: $1,229,282</p><p>CASH FLOW: $170,612 SDE</p><p>ASKING PRICE: $350,000 (For the Business)</p>
Market Competition and Expansion:
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