LUNCHEONETTE /DINER. REST807

Price: $225,000

Location: Hudson County, New Jersey

Industry: Restaurant

Listing ID: REST807

Profitable diner/luncheonette in an urban area of Hudson County, northern New Jersey, and minutes from the New York Lincoln Tunnel. Owner is now retiring after thirty years in the food service industry. This active breakfast and lunch business, with limited hours has a gross yearly income of approximately $500,000 and a solid yearly net income to the owner operator. The sale includes a long-term lease agreement at fair market value with additional extensions. The facility has a seating capacity for eighty customers with a clean attractive image. The business also offers delivery service which represents approximately fifteen percent of the gross income. This is a dependable business opportunity.

Listing Details

Revenue: $500,000

Cash Flow: $99,998

FFE: $125,000 (Included in Price)

Inventory: $1,000 (Included in Price)

Reason For Sale:

The owner is retiring after many years of success in the retail food service industry.

Training & Support:

The owner will remain after closing and supply an appropriate transitional period.

Operation

Year Established: 1980

Days & Hours of Operation: Seven Days

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 3500

Type of Location: Commercial Avenue

Square Footage: 1600

Relocatable?: Yes

Facilities Information:

The facility is sixteen hundred square feet with a clean attractive image. The facility has a stage kitchen and a full-length diner counter for fast food service and various tables for private seating. The general area consists of a highly populated urban city with a large volume of commercial businesses. The business is located on a commercial avenue with lots of walk-in customers and substantial municipal parking.

Summary

Owner Qualifications:

No particular qualifications are required for this food service industry other than the standard municipal licenses.

Competition:

The business is located in a highly commercial area; however, no new competitors are expected in this area and the owner will supply an appropriate non-compete agreement to the purchaser.

Potential Growth:

Although the diner has a consistent and dependable income, with an improved marketing system for additional delivery and catering is available to further improve the gross sales to the owner operator.

Financing/Terms:

seller financing has been approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

 

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • Hidden
  • This field is for validation purposes and should be left unchanged.