Albany Diner - Bakery - EBITDA $1.5MM - Seller Retiring - Property Option - Bankable

New york (New York)

  • Listing Number: 11969
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Description

**Check out this Famous Diner / Restaurant which also has a retail Bakery on the same property is now on the market. Located on one parcel is a 6000 sq ft Diner which grosses $5M in sales and a seperate building which has a 2300 sq ft Bakery that services the Diner and brings in another $1.3M in sales at a combined net of $1.5MM to an experienced Owner/Operator. Business , buildings and property is turn key ready to go at a great price. Current owner of 45 yrs is ready to retire. He has so much confidence that with a qualified buyer he will stay on for as long as needed. Property is $1.5mm in addition to the Restaurant Price.
**Bakery 2300 sq ft - $1.3M Gross Sales 10 Employees / Diner 6000 sq ft. - $5M Gross Sales 60 Employees. A huge upside to this location is that the current owners have not touched the Distribution & Wholesale Market outside of their area.
**Both locations very well maintained with all equipment in Excellent condition. Computerized ordering system for food tickets at each station in the Diner Kitchen. Over $1.5M in just equipment at these locations. Also included in the sale : 2020 Refrigerated Van & 2012 Box Truck
 
 
**Contact Joseph Mesi 631-236-8598 Or Henry Galasso 516-779-8900 for info. Please have proof of funds available.

Property Information

  • Listing Number: 11969
  • State: New york
  • County: New York

Financial Information

  • Asking Price:$4,400,000
  • Gross Income:$6,300,000
  • Cash Flow:$1,500,000
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Joseph Mesi

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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.

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