Industry: Food and Restaurants
Listing ID: 00228
Established mid 2016 as an absentee ownership situation, the diner/restaurant has shown positive results since inception and can become an even bigger earner with owner/operator participation and active marketing. Wine and beer license.
The spacious 2,500 sf ground level can accommodate more than the 76 it currently serves with a little planning. In addition, it has license to serve outside.
The 10 year lease has 7 years remaining.
Gross Revenue: $1,500,000
Cash Flow: $250,000
FFE: $200,000 (Included in Price)
Reason For Sale:
Owner has no time to devote to business.
Year Established: 2016
Days & Hours of Operation: 6 days
Owner Hours Per Week: 1
Absentee Owner?: Yes
Security on Lease: 36000
Monthly Rent: 15000
Square Footage: 2500
Full kitchen, open space can be converted into any type of restaurant set-up.
Considerable considering absentee owner situation.