0511-0804-0616-3132_Retro_Diner_clipart_image

LIKE NEW MANHATTAN DINER
(Food Business Retail, Food Retail Snacks; Restaurants, American Restaurant; Restaurants, Breakfast L)
Manhattan, New York
Listed Price: $ 225,000
Listing ID: XM44663

Listing DetailsDown Payment: $ 200,000
Gross Revenue: $ 750,000
Cash Flow: $ 172,500
FFE: $ 100,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Form of Ownership: S Corp
Reason for Sale:

RETIREMENT


Training & Support:

SELLER WILL COMPLETELY TRAIN


Listing SummaryBusiness Description:

BEAUTIFUL NEWLY RENOVATED DINER ON A WELL-TRAFFICKED MANHATTTAN STREET IN A MAJOR COMMERCIAL NEIGHBORHOOD WITH THOUSANDS OF BUSINESSES IN THE SURROUNDING AREA


Historical Summary:

THIS BUSINESS HAS BEEN HERE FOR 35 YEARS AND WAS JUST RECENTLY RENOVATED


Owner Qualifications:

RESTAURANT EXPERIENCE IS HELPFUL


Potential Growth:

UNLIMITED GROWTH BY ADVERTISING AND DELIVERIES


Financing/Terms:

50% DOWN- SELLER NOTE ON BALANCE


LocationLease Expire: 2022-11-13
Option: 5 YEAR
Lease Security: 20000
Monthly Rent: $ 9,800
Square Footage: 2000
Facilities:

BEAUTIFUL NEWLY RENOVATED DINER WITH FULL BASEMENT


OperationYear Established: 1970
Last Acquired: 2009
Days & Hours of Operation: 8-10 M-F 8-6 SAT
Owner Hours: 20
Employees: Full Time: 10 / Part Time: 4
Managers: 1
Absentee Owner: Yes