Retirement sale! Iconic Miami Diner,only $299,000

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Asking Price:
$299,000

Gross Revenue:
$1,068,250
Cash Flow:
 Not Disclosed
EBITDA:
$165,997
Inventory:
$4,500
not included in asking price

FF&E:
$195,000
included in asking price

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Business Description

After almost a half century of continuous operation, the Owner is finally selling this landmark Diner.
This very successful Diner is known for its great food, generous portions, and friendly service, with a very large and loyal customer base.
Since the Owner does not participate in the Diner's daily operation, and does no advertising/marketing, its new Owner can easily take this million dollar business to even new heights; and one that will give him the ability to earn a handsome living for many years to come, and all for an amazing price..............this is truly a one of a kind opportunity !!

About the Business

Location:
Miami, Florida
Year Established:
1960
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
2,500
Rent:
$7,900.00 Per Month
Facilities:
The Diner contains 2,500 sq.ft. with 100 seats,and a fully equipped kitchen.It is located on a very busy street in a free standing building that is highly visible, has good parking,and an excellent long term lease.
Market Outlook/
Competition:
There is no competition in the immediate area. .........it is truly " one of a kind" !
Growth & Expansion:
The Diner could significantly increase its profitability by staying open 24 hours a day, as there are no other Restaurants in the area that are open after 11:00 P.M.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The Owner will stay on to fully train the Buyer so as to insure a smooth and successful transition.
Seller Financing:
TBD

Listing Info

ID:
1587571
Ad Detail Views:
0

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Business Listed by

Joseph Pinsker

Berkshire Hathaway Home Services
License# 322016

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