Gold Coast Diner and Building for Sale

Asking Price$700,000

Cash Flow
$400,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,000,000

InventoryNot Disclosed

FF&E$150,000
Included in asking price
Real EstateNot Disclosed

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Gold Coast Diner and Building for Sale


Asking Price$700,000

Cash Flow
$400,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,000,000

InventoryNot Disclosed

FF&E$150,000
Included in asking price
Real EstateNot Disclosed

Business Description
Gold Coast Diner and Building for Sale
LISTING ID # 37228

2,500 SF Gold Coast Diner! The diner is selling for $700K. The property is an additional $2.5 million. This is a true gem. Located on a main street, it is just a few minutes walk to the harbor. The same owner who started the business is now ready to retire after 36 years. The restaurant offers seating for 82 patrons with a semi private room in the back and a full basement. All furniture, fixtures and equipment included. In the past year the business grossed approx. $2,000,000 with a total owner benefit of approx. $400,000. The building and property are available for an additional $2.5 mil. through PMTG Realty. That includes two apartments above. A four-bedroom apartment and a two bedroom apartment. There is a municipal lot in the back, and street parking in front. A buyer with good credit, collateral and experience may qualify for a mortgage on the purchase of the building. We are seeking a serious and financially qualified buyer with at least $700K in liquid funds to cover the business asking price. An additional 20% down payment of $500K, or more, would be needed for a mortgage on the building. Proof of funds for at least $1.2 mil. will be requested prior to meeting with the owner. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
About the Business
Years in Operation
36
About the Sale
Seller Motivation
Retirement
Transition Support
Seller will train
Listing Info
ID
2431472
Listing Views
27

Contact Seller

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Business Listed by: Vested Business Brokers, Ltd Vested Business Brokers, Ltd

Listing ID: 2431472 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 of Use. Learn how to avoid scams.


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