Asking Price: $825,000 Gross Revenue: $1,820,000Cash Flow: $468,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: $150,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Classic Vintage Diner on Prime Manhattan Corner 32333
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.