Price Reduced! Profitable Diner with Growth Potential
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $189,000 |
$670,000 |
$138,264 |
Furniture and Fixtures Value:
$50,000 (included in the asking price)
Inventory Value:
$5,000 (included in the asking price)
Business Summary:
Price Reduced! Established profitable diner with family ambiance serving excellent food and service to loyal clients. Lowest prices in area. Top location at crossroad of two major avenues in nice town. Inside huge strip shopping mall next to Shoprite, Starbucks, CVS Pharmacy, Urgent Care, TJ Maxx, laundromat and many other stores. Remodeled 7 months ago with brand new booths, floors, bathrooms, utensils, good condition equipment, plenty parking, and growth potential.
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| Year
Business was Established: 1962 |
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| Number of Employees:
6FT/2PT |
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| Facilities / Terms of Lease:
1500 sf in huge strip mall with plenty of parking next to Shoprite, Starbucks, CVS, TJ MAXX, Urgent Care, laundromat, etc. Lease 5+5. Remodeled 7 months ago new dining booths, floor, bathrooms, utensils, all equipment in good condition. |
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| Potential
Growth/Expansion:
Increase prices, advertise, and offer daily or weekly promotion. If new owner can cook, they can easily increase profit by $52,000 by replacing current cook. Expand delivery service. |
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| Competition:
Larger one near by, but this one offers better location & lower prices. |
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| Owner
willing to train:
3 weeks |
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| Reason for selling:
Very busy in his other businesses, cannot run it. |
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| REQUEST MORE INFO |
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