LUNCHEONETTE /DINER

RestaurantsFor Sale in Union City, NJ

Listing ID: rest817 | Broker Listing ID: BLP304175

Financial & Assets Details

Revenues: $500,000

Cash Flow: $100,000

FF&E: $95,000

Inventory: $1,500

Inventory Inc. in Price: Yes

Square Feet: 2,000+/-

About the Business

Year Established: 1980

Employees: 5

Lease Amount: $3,500

Seller Financing: Yes

Business Description

Profitable diner/luncheonette in an urban area of Hudson County, northern New Jersey, and minutes from the New York Lincoln Tunnel. The owner is now retiring after thirty years in the food service industry. This active diner is in the heart of a highly populated urban and commercial area, with limited hours, has a gross yearly income of approximately $500,000 and a solid yearly net income to the owner operator. The sale includes a long-term lease agreement at fair market value with additional extensions. The facility has a seating capacity for eighty customers with a clean attractive image. The business also offers a delivery service, which represents approximately fifteen percent of the gross income. This is a dependable business opportunity and owner financing is available. The business fixed assets have an estimated value of approximately $75,000 which is based on replacement cost, representing equipment, licensing, etc. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, shelving, POS system, tables, computer, software including all the necessary equipment to maintain the daily business operation and a list of assets will be supplied to purchaser upon request.

Growth & Expansion

Although the diner has a consistent and dependable income, with an improved marketing system for additional delivery and catering is available to further improve the gross sales to the owner operator.

Seller Financing

Seller financing available.

Market Competition:

The business is located in a highly commercial area; however, no new competitors are expected in this area and the owner will supply an appropriate non-compete agreement to the purchaser.

Location Details:

The facility is sixteen hundred square feet with a clean attractive image. The facility has a stage kitchen and a full-length diner counter for fast food service and various tables for private seating. The general area consists of a highly populated urban city with a large volume of commercial businesses. The business is located on a commercial avenue with lots of walk-in customers and substantial municipal parking.