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!
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