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Restaurant / Diner / Banquet Facility For Sale
Location: United States -> New Jersey
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

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.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $775,000
Cash Flow:   $75,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $190,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2000
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks $800.
Reason For Selling:  Absentee owner not experienced in food service.




Print Listing Id: 700139288
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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