4 Aces Diner in West Lebanon, NH

West Lebanon, NH

Seller Financing Available

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Sale Pending
Asking Price:$899,000
Gross Revenue:$1,524,678
FF&E:$108,342
Established Year:1952
Cash Flow:$93,290
Inventory:$16,500
Real Estate:$549,000
BUSINESS DESCRIPTION

Successful and Iconic 4 Aces Diner in West Lebanon NH

Price Recently Reduced by a Motivated Seller! Four Aces Diner has been in existence since 1952, acquired by the current owners in 1989. It operates as an LLC. Complete financials will be shared with qualified buyers who submit a confidentiality agreement.
Offered for sale is the business entity, including all tangible and intangible assets, as well as the real estate. Established in 1952, a lot has changed over the years but the diner’s dedication to top notch service and delicious home cooking has resulted in a continually growing customer base and consistent revenue growth over the past many years.
Built in the early ‘50s, the building originally rested up the hill from its current location. Originally, it was a classic 1952 Worcester diner car (#837), with a “rail car” shape. The remainder of the building is a wooden outer shell built around it back in the ‘80s, providing extra seating, storage, and office space upstairs. There is also a tenant who rents one of the offices on the second floor.
The restaurant is 1,904 square feet, with licensed seating for 70 inside and up to 60 outside in the seasonably available tent.


DETAILED INFORMATION
Location
West Lebanon, NH
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,712
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The original diner car was built in the 1950’s and is still in very good condition. The building was constructed around the dining car in 1989 and has been consistently maintained and updated as needed. All furniture, fixtures, and equipment are in very good condition and maintained regularly.
Competition
4 Aces Diner enjoys a very strong market share of both local and visitor customers above and beyond what their competitors experience, primarily due to its long-standing reputation for exceptional food and a fun, retro vibe thanks to it atmosphere, staffing, and food presentation.
Growth & Expansion
-return to a 7 day per week schedule -add weekend dinner hours and consider adding a liquor license -create more dynamic lunch and breakfast specials -add live entertainment during peak dining periods -plan employee events and celebrations -consider a small on-site and off-site catering component
Financing
. Sellers are willing to provide limited terms to a qualified buyer.
Support & Training
One of the current owners is willing to stay on and train for two weeks after the transfer of the business at no charge, and may be available on a paid consultant basis should that be important to the buyer.
Reason for Selling
The current owners are looking to retire.
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Jay
Polimeno
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Jay Polimeno