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Classic Vintage Diner In New York County For Sale

New York County, New York, US
Asking Price:
$600,000 (USD)
Sales Revenue:
$1,683,272 (USD)
Cash Flow:
$300,086 (USD)

Price Just Reduced! You now have the opportunity to become just the third owner of this Vintage Classic Diner since its founding 80 years ago. It still operates under the same name today, as it did when it first opened. The current owner of 40 years has serious health issues and is eager to sell as soon as possible, but not without providing you with all the transitional support and training you will need to make it even more successful.He expects that all of the loyal staff will want to stay on. The staff practically operates the diner on its own with maybe 10 hours/week of hands-on supervision by the ownership. Approximately 55% of of gross revenues are by credit cards, 40% in cash, and 5% from internet delivery orders. The diner is surrounded by three colleges and two major hospitals. The former provides a boost to sales from Labor Day through Memorial Day and the latter account for large catering orders year-round. Internet delivery and catering orders can be significantly grown with just a modicum of effort by a new owner. Rent with real estate taxes is $31,750/month for this 1,000 sq ft. prime Manhattan corner location. It comes with a basement for refrigerated & dry storage and much more. Store hours are from 6am-9pm during the week and from 7am-7pm on the weekends. Please do not say anything to the employees or customers when visiting the diner, as they do not know it is for sale. Then, kindly email the listing broker, Jay Goldman. Please obtain the address for listing 32333 from before contacting Mr. Goldman.

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32333 for instant access to this business information.

Business Operation

Reasons for selling:

The owner has serious health issues

Employees:
15FT/1PT
Years established:
1940

Other Information

Support & training:

Seller will train

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

400,000.00 Down & $200,000.00 in seller financing at 6% over 24 months

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$10,000 (USD)

Contact Information

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