Business Summary

Asking Price: $1,500,000
Gross Income: $1,700,000
Cash Flow: $315,000
EBITDA: N/A
FF&E: $250,000
Inventory: $10,000
Real Estate: N/A
Established: 1975
Employees: 21

Business Description:-
For almost 40 years this classic Long Island diner has been serving this community and all of the surrounding towns. It is important the new owner maintains the excellent reputation enjoyed by the current owners. The diner is beautifully decorated and has a private room for catered affairs for as many as 100 people. The new owners will enjoy having a Full Beer and Liquor License. The 21 employees would be happy to stay on. The diner has a capacity of 190 people with spaces outside for 100 vehicles including 3 handicapped spaces. Has a full basement which includes a complete bakery producing daily - delicious cakes, pies, cookies and bread. New owners definitely can increase the volume by promoting the catering and begin doing off-premise catering which can represent a huge increase in the sales and profit. This listing is yours! Don't Procrastinate!

Detailed Information:-

Inventory: Included in asking price

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Free Standing Building 6500 sq.ft. For almost 40 years this classic Long Island diner has been serving this community and all of the surrounding towns. It is important the new owner maintains the excellent reputation enjoyed by the current owners. The diner is beautifully decorated and has a private room for catered affairs for as many as 100 people. The new owners will enjoy having a Full Beer and Liquor License. The 21 employees would be happy to stay on. The diner has a capacity of 190 people with spaces outside for 100 vehicles including 3 handicapped spaces. Has a full basement which includes a complete bakery producing daily - delicious cakes, pies, cookies and bread. New owners definitely can increase the volume by promoting the catering and begin doing off-premise catering which can represent a huge increase in the sales and profit. This listing is yours! Don't Procrastinate!
Competition: None
Financing: Might consider
Support & Training: 2 Weeks
Reason for Selling: Retiring

Property Details