MIDTOWN NYC DINER CAFE 65K WEEKLY
New york (New York)

Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Property Information

Listing Number:
11622
Business Type:
Established Businesses
Business Category:
Coffee Shop - Diner
State:
New york
County:
New York

Other Information

Financial Information

Asking Price:
$800,000
Gross Income:
$3,500,000
Cash Flow:
$350,000
Seller Financing:
$200,000  

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Business Description

This amazing diner was recently renovated from top to bottom.  Its open 24 hours to cater to several universities, hospitals, theaters, apartments, and business located within a 3 block radius.  The sales for this neighborhood staple are steady year.  Located on a major Avenue on one of the busiest corners in Manhattan.  With a solid 10 year lease with undermarket rent and 3% increases, a new owner can make money for years to come.  There is a small bar counter with beer, wine, and hard liquor license in place adding to the bottom line with a high profit margin.  The business is currently operated semi-absentee with a full time manager that gets paid $1200 a week.  A new owner can work in the restaurant full-time and save more by reducing the payroll and get a better return on investment.  Seller financing is applicable for qualified buyers.  Don't sleep on this fantastic opportunity at a great price!

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!

Listing Number : 11622

Business Listed By

Bob Patel

Email this List   917-642-6400
Email this List   5163421648
Email this List   bob@eastcoastbusinessbrokers.com
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