Diner with Real Estate For Sale in South Jersey
(Food and Beverage, Bar)
New Jersey
Listed Price: $ 2,900,000
Listing ID: 1559
Listing DetailsGross Revenue: $ 805,696
Cash Flow: $ 213,105
EBITA: $ 213,105
Real Estate: $ 2,200,000 (Included in Price)
Inventory: $ 10,000
Reason for Sale:
Retiring
Training & Support:
2 Weeks
OperationsYear Established: 1976
Last Acquired: 1976
Days & Hours of Operation: Tuesday thru Sunday 8 am-3 pm. Closed Mondays
Employees: 16
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 7000
Type of Location: Stand Alone
Facilities:
Seats 230
SummaryBusiness Description:
Diner for sale with real estate in South Jersey. Family owned and operated for 49 years. 7,000 square feet on 1.16 acres. Liquor license worth $450,000. Excellent location on a main highway with strong demographics. Current hours of operation from 8 am to 3 pm, serving only breakfast and lunch. Potential to grow business with extending hours to serve dinner and utilizing the liquor license with the large bar area in already place. Seller will hold $500,000.
Financing/Terms:
Seller will hold $500,000 at 6% with a 5 year balloon/25 year payout.