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Established Diner For Sale

Bergen County, New Jersey, United States
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Asking Price$620,000
Revenue$1,300,000 EstablishedUndisclosed
Cash Flow$234,000 Employees14 full, 13 part
FF&E$1,000,000 FranchiseNo
Inventory$20,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Price Reduction Township approved housing developments for 4,000 homes and condos adjacent to, and nearby, Diner. Seller financing is available to a qualified buyer. For sale, this high-volume diner is available as a single entity or as part of a package with two restaurants. The diner is largely operated absentee. Like many absentee run businesses, the payroll is bloated and that gives the owner comfort that his customers are being well-served. On a high-volume location such as this, an owner operator can cut labor costs by $2,000 per week. The owner also cut out a profitable $2,000 per week food delivery service which can be restored. And, there is no effort to promote the diner through social media. Nevertheless, diner sales are up each year. Aside from all the above, the owner is now at the restaurant almost daily due to pending developments- The township has approved the development of 25 homes and 35 apartments right behind the Diner and the development of 300 apartments nearby as well. Further, the township has approved the Seller’s expansion of seating to accommodate the expected increases in business.

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Training/Support:The seller will train the new owner.
Seller Financing:$250,000.00 Down and 10 years at 6%
Ad #97949
Seller Reference #29405
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Contact This Seller
Gerald Nimberg
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