Restaurant / Diner / Banquet Facility For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $775000
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 10 - 19
Inventory 190000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks $800.
Reason for Sale Absentee owner not experienced in food service.
Description PRICE GREATLY REDUCED - ABSENTEE OWNER MUST SELL! Excellent Location! If you have experience in food service and are looking for a great opportunity to own a full service diner, this is the business for you. GENEROUS SELLER FINANCING. This well known diner has an excellent history of revenues. It has seating for 120 and boasts a large private banquet room. Recently updated with new roof, flooring, tile, bathroom, wall coverings, and some equipment. There is a very loyal customer base who enjoys breakfast, lunch and dinner. Open 24 hours. Located on busy road, near highway, and across from military base. Gross revenues approximately $750,000 / year with potential to exceed $1M through better management and marketing. Current owners are absentee and are not experienced in the food service industry.
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