1034 Buyers Online Now
Buy Business Sell Business Business Brokers My Account

Established Diner For Sale

13/wk
Bergen County, New Jersey, United States
Photos Website Map
Asking Price$500,000
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
There has just been a price reduction for this great spot! Township approved housing developments for 4,000 homes and condos adjacent to (and nearby_ this diner. Seller financing is available to a qualified buyer. 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, giving 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. 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. Additionally, the real estate is available, separately through the seller, for $1.1 million. With the property, the total price would come to $1.6 million. Call today for more information.
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
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Gerald Nimberg
1-877-735-5224
Name
Email Address
Message