Classic Vintage Diner on Prime Manhattan Corner 32333

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Manhattan Restaurant Diner Business
Asking Price:
$825,000

Gross Revenue:
$1,820,000
Cash Flow:
$468,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

You now have the opportunity to become just the third owner
of this Vintage Classic Diner since it opened 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.
He expects that all of the staff will want to stay on.
Of the over $1.8M in annual gross sales, about 55% of it
comes from in-store customers and the rest from internet
delivery orders. Approximately 60% of in-store sales are by
credit card and the rest are in cash. 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.
Rent is only $27,200/month for this 1,000 sq. ft. prime
Manhattan corner location. It comes with a basement for
refrigerated & dry storage. 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 call or text the listing broker, Jay Goldman to make an appointment for a tour of the
facilities and to speak with the owner or one of his family
members.

About the Business

Location:
New York County, New York

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About the Sale

Seller Financing:
525K down

Listing Info

ID:
1648323
Ad Detail Views:
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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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