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Diner / Restaurant New York City – Manhattan’s Iconic Corner

Price: $1,080,000

Location: New York, New York

Industry: Food and Restaurants

Listing ID: 00926

Fully remodeled ,beautiful full service diner restaurant located on a corner of a desired neighborhood of Manhattan.
Family owned for over 20 years. Modern vast menu.3700 sqf ,160 seats.Free wifi for the patron’s use.
2500 sqf of basement space,Walk in freezer,2 walk in refrigerators.2 kitchens,exahust system ,A/C ,office.
Full time chef and a well trained crew.Deliveries done by 3rd party and own employees.Management in place.

Listing Details

Down Payment: $800,000

Gross Revenue: $2,550,000

Cash Flow: $350,000

FFE: $250,000 (Included in Price)

Inventory: $20,000

Reason For Sale:

Other interests.

Training & Support:

Available.

Operation

Year Established: 1988

Year of Last Acquisition: 1997

Days & Hours of Operation: 7

Owner Hours Per Week: 40

Non-Owner Payroll: $11,700

Employees: 34

Managers: 1

Location

Security on Lease: 100000

Lease Option: Yes

Monthly Rent: $ 28,500

Type of Location: Commercial

Square Footage: 6000