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Beautiful Diner Restaurant In Queens For Sale

Queens, New York, US
Asking Price:
$4,100,000 (USD) Inventory / Stock included
Sales Revenue:
$5,700,000 (USD)
Cash Flow:
$826,000 (USD)

Beautiful Diner Restaurant In NY-32276

Large Diner/Restaurant is a neighborhood institution for 55 years-This bustling $110,000-$120,000 per week ) renovated main road Queens diner is offered for sale. 4800 sq. ft.( 4800 sq ft basement) diner seats 9 at counter and 180 in 2 dining rooms. Seasonal outdoor patio with 15 tables. Huge take-out and delivery business require 6 phone lines and fax machine. Huge daily morning catering to many local schools, commercial accounts (over 30 reg.accts) requires 1-2 dedicated vehicles.Delivery is huge 40% of the business and can be expanded. Full basement- 7 walk-ins and freezers. Full liquor license. Full breakfast, lunch, dinner and late- night menu. Made fresh daily with the finest ingredients. Delivery van included in sale. Bright with windows all around. Main road locations surrounded by dense apartment blocks and middle class multi family homes. All furniture, fixtures, equipment and kitchen have been replaced within the past ten years. Business over staffed in kitchen and managers with over $100k in excess salaries.18 years left on lease. Local diner competition closing this summer. 24/7 diner is always crowded. Free standing with plenty of parking. The owner requires that buyers provide Proof of funds and prior restaurant background for the name and location of this unique money making business and a meeting with the owner. Contact broker Joseph Stansky for more details. 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.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32276 for instant access to this business information.

Business Operation

Reasons for selling:

Retirement

Employees:
25FT/45PT
Years established:
1965

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

3,100,000.00 Down & $1m over 5 years @5%

Furniture / Fixtures value:
$700,000 (USD)
Inventory / Stock value:
$100,000 (USD) - included in the asking price

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