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Diner With Re, Owner Semi-absentee For Sale

Twin Cities, Minnesota, US
Asking Price:
$255,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$976,200 (USD)
Cash Flow:
$173,027 (USD)

Successful Free-standing Diner W/ Real Estate for sale. Over 50 years of Goodwill. The owners are ready to retire. Revenue nearly $1,000,000 in 2019, and earnings to the retiring operator in excess of $170,000. $87,000 down buys this cash flow via SBA financing. The current seller operates this business with minimal advertising and social media presence. Opportunity to build this business through longer hours, website design, delivery service, and social media.

The restaurant is located south of the Twin Cities. It comfortably seats over 100 guests. Open seven days per week for breakfast and lunch (no dinner). The breakfast menu is complete with all of your favorite standards. Lunch includes soups made from scratch, comfort foods, burgers, salads, and sandwiches. The chefs prepare daily specials so the customers will never tire of visiting

The business has been pre-qualified for an SBA Term Sheet. Business and real estate available to a qualified buyer with low down payment of $87,000. Business price $255k and real estate $295k.

Property Information

Premises Details:

N/A

Size in square feet:
4982 sq ft

Business Operation

Reasons for selling:

Medical/retirement

Employees:
Full Time: 5, Part Time: 23
Years established:
56

Other Information

Financing available:

SBA down payment 10% including RE

Furniture / Fixtures value:
$100,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

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