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American Restaurant and Diner – Established 50 Years

Price: $2,200,000

Location: Long Island ,NY

Industry: Food and Restaurants

Listing ID: 10252019

RE available for sale .- Great Location. Asking $9,500,000 for a package deal of Restaurant and Real Estate.

Extremely successful Restaurant serving loyal patrons for over 50 years. This is a rare find, owner retiring, ideal location on main road accessible by all major highways. Seats 150 people with 50 parking spaces. The building is available for sale .They use valet parking due to packed crowd, fast and professional service turns over tables quickly. Buyer could easily scale business by extending hours of operation. State of the art kitchen facilities and equipment, was updated recently including new air conditioning units. Very little competition around serving huge menu selections at very affordable prices with consistent clientele. This gem is a Turn key operation for buyer looking for steady business and room to grow.

Listing Details

Gross Revenue: $4,250,000

Cash Flow: $2,200,000

FFE: $300,000 (Included in Price)

Inventory: $40,000 (Included in Price)

Real Estate: $7,000,000

Lender Pre-Qualified?: Yes

Terms and Conditions?:

Negotiable.

Reason For Sale:

Retirement after 50 years.

Training & Support:

Seller will train.

Operation

Year Established: 1970

Days & Hours of Operation: 7 days.

Owner Hours Per Week: 40

Employees: 47

Managers: 3

Location

Security on Lease: 100000

Monthly Rent: 31000

Type of Location: stand alone building with parking.

Square Footage: 6000

Facilities Information:

Full Line Kitchen
Baking Area
55 Car Parking
160 Seats
Basement
Full Liquor License
A/C upgrades