Business for Sale

Business Category Restaurants, Retail
Offer Issue Date Offer End Date
No of Employees Established Year
Business Description

40 Seat Small town diner

Business Summary
Asking Price Cash Flow

Imagine a small-town diner, circa 1950, where you know your customers and they feel like family. A diner where everyone knows each other and comes in on a regular basis to meet up with friends and neighbors to share a meal. This is that place. It's located in a nice north shore area where many of the regulars are within walking distance. The diner is 1800 sq. ft. and has a full basement. There are 40 seats inside and another 16 seats on the outdoor deck. The rent is only $4,500 with no increases for the first 4 years. There are 14 years left on the lease plus a 5-year option. The kitchen is fully equipped, and the facility is in turn-key condition. The large walk-in refrigerator and freezer are in the basement and there is plenty of room for storage and prep. The owner is netting $130K after expenses. He is heartbroken to have to sell, but he is a partner in a large diner, has a new baby, and the only way to have family time now is by selling this business. The owner is willing to hold a note, for the right buyer, and has priced the business for a quick sale. KEY FEATURES 1. Owner Nets $130K 2. 1800 Sq. Ft. plus full basement 3. Lease 14 years plus 5 yr. option (No rent increase for 4 years!) 4. Rent is only $4,500 5. Hours: Mon - Sat 7 am - 9 pm, Sun 7am - 8 pm 6. Owner Financing 7. Looking for quick sale.

gross sales $690,000 Owner nets $130,000 after all expenses

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