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Est. Diner in a Corner Lot

Middlesex County, New Jersey

Asking Price: Gross: Cash Flow:
$1,200,000 $531,960 $223,693

Real Estate:
$950,000 (included in the asking price)

Business Summary:
Est. diner in a corner lot located in a middle income and developing town that was emancipated into another larger town. Shows well. Seating for 64. Option 1 business (5,000 sq. ft.) can only be purchased with the property (10,500 sq. ft.). Parking for 22 cars. Option 2 business + property and (next door) 1 family 2 story house 8,249 sq. ft. = $1,200,000. Property best suited to be developed into a bank or drug store. Needs owner/operator/chef to be hands on. Current owner is ill. For further information please contact Jim Hamdan at 908-851-9040 Ext. 210.

 
   
   
Year Business was Established: 2000
   
Number of Employees: 11  
   
Facilities / Terms of Lease: Apr. 5,000 sq. ft. diner on a 10,500 sq. ft. property and house on 8,249 sq. ft. Large parking lot, good condition.  
   
Potential Growth/Expansion: Highest and best use for property would be for bank, drug store  
   
Competition: Others  
   
Owner willing to finance: N/A  
   
Owner willing to train: Two weeks  
   
Reason for selling: Health issues  
 

 

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