Diner – Breakfast & Lunch Service, Great Reputation!

Price: $180,000

Location: Hartford County, CT

Industry: Food and Restaurants

Listing ID: 33463197-PV

This is a full-service restaurant with a strong connection to the local area and 12 years of success. It is run by the owner/cook and has popular recipes to pass along as well as lots of goodwill. The business location is advantageous, only minutes from an airport and adjacent to a residential area. It has a regular customer base as well as a steady flow of visitors to the area for the best of both worlds. The owner operates on a short schedule offering a very popular breakfast and lunch menu.

The location has plenty of parking, is easy to access and seats up to 100 people. They offer dine-in, take-out, and local delivery for business accounts. It is very clean and well maintained. All the equipment is in very good condition and the décor is in great shape, comfortable, with very good quality tables, chairs, booths, etc. They serve all the diner classics and have their own twist on things as well.

The business has a solid history of steady sales and income. Given the proximity to other businesses, some new construction, and the airport, it is also expandable and can remain as is or look to operate on a full day schedule.

Seller is looking to semi retire for health reasons. He will stay on to assist in a transition as needed. The business is an excellent opportunity for someone with culinary skills looking for their own place. There is kitchen help and good wait staff to continue with a buyer.

Gross Revenue: $500,000

Cash Flow: $100,000

FFE: $20,000 (Included in price)

Terms & Conditions:

Bank finance possible.

Reason for Sale:

Health reasons

Training & Support:

Seller will provide support after a sale for a smooth transition.

Year Established: 2012

Days & Hours of Operation: Mon to Fri 5 am to 1:30 pm, Sat & Sun 5 am to Noon

Owner Hours Per Week: 50-60

Employees: 5

Managers: owner

Lease Option: yes

Monthly Rent: 2600

Type of Location: retail center

Square Footage: 2000 +/-

Facilities Information:

full-service restaurant that seats 100
Fully functional kitchen, refrigeration and storage space.

Owner Qualifications:

best suited for a cook/chef to take over for the seller

Competition:

there are a few restaurants in the general area. Good residential and commercial population to support growth.

Potential Growth:

Very good potential for growth marketing to local businesses, airport vendors, Opportunity to open longer hours and offer diner service, late night. The only reason seller is not doing that is because of his health. He cannot push himself.

Financing/Terms:

cash or bank financing possible for qualified buyer