LUNCHEONETTE /DINER REST841

Price: $275,000

Location: Hudson County, New Jersey

Industry: Restaurant

Listing ID: REST841

Profitable diner/luncheonette in an urban area of Hudson County, northern New Jersey, and minutes from the New York Lincoln Tunnel. The owner is now retiring after thirty years in the food service industry. This active diner is in the heart of a highly populated urban and commercial area, with limited hours, has a gross yearly income of approximately $550,000 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 a delivery service, which represents approximately fifteen percent of the gross income. This is a dependable business opportunity and owner financing is available.

Listing Details

Revenue: $550,000

Cash Flow: $100,000

FFE: $75,000 (Included in Price)

Inventory: $1,500 (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: 1080

Days & Hours of Operation: This luncheonette diner is operational seven days per week with limited hours from 7:00 am to 3:00 pm daily.

Owner Hours Per Week: Full Time

Employees: This business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $6,930.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 4200

Type of Location: Commercial Avenue

Square Footage: 1500

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.

Ron Cervelli

contactus@regalconsultants.com

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