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Authentic North Shore Diner For Sale-30660

17/wk
Suffolk County, New York, United States
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Asking Price$190,000
Revenue$670,968 Established1918
Cash Flow$139,293 Employees4 full, 10 part
FF&E$100,000 FranchiseNo
Inventory$4,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Authentic North Shore Diner. Established for nearly 100 years, it is a landmark in the community. This is a traditional diner, serving breakfast, lunch and dinner in an affluent community. YOU CAN KEEP THE CURRENT CONCEPT OR BRING IN SOMETHING NEW. They have a huge open air kitchen, with counter service and total seating for at least 50 patrons. It is a full kitchen with hood. The business occupies 1,500 sf., and also has a full 1,500 sf. basement with storage space, walk-in refrigerator and freezer. There are 5 years left on the current lease, at a rent of $4,000/month (including tax and CAM). The landlord is willing to offer a new lease of 10 years (or better) for a qualified tenant with good credit. They have their own parking lot for 25 cars, plus street parking. In the past year the business grossed approx. $728,000.00 with a cash flow of approx. $139,293.00. We are seeking a serious and financially qualified buyer with at least $125K in liquid funds to cover the downpayment. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Training/Support:Seller will train buyer.
Seller Financing:125,000.00 Down & $65K over 4 yrs. @ 6%.
Sale Reason:Retirement.
Ad #100322
Seller Reference #30660
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Vested Business Brokers
Vested Business Brokers
877-735-5224
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