23-Year-Old, Well-Established American Diner and Restaurant for Sale
Asking Price: | $650,000 |
Gross Revenue: | $881,878 |
Cash Flow: | $267,008 |
Rent: | $6,000/Month |
This expansive diner is situated in a vibrant community with around 250,000 senior citizens and residents, making it a cornerstone of local dining for over 23 years. With a strong reputation and a loyal customer base, the diner has become a beloved fixture in the area. Family-owned and managed for the past 8 years, it has cultivated a dedicated following, thanks to its welcoming atmosphere and consistent quality. The diner features a generous seating capacity of 144, accommodating a steady stream of patrons. The rent is notably reasonable at $6,000 per month, adding to the appeal of this unique opportunity. Moreover, it stands out as the sole diner of its kind in a large and underserved market, positioning it well for continued success and growth. While the diner currently does not offer catering services and has minimal delivery options, these areas present potential for growth. Additionally, the establishment's hours of operation are currently limited, which means there is significant opportunity to extend hours and capitalize on the busy early breakfast and dinner rush periods. By opening for longer hours, the diner could further tap into its customer base and increase revenue.
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