Highly Profitable Diner for Sale

Pleasant Ridge, MI

Seller Financing Available

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Asking Price:$225,000
Gross Revenue:$513,562
Established Year:1999
Cash Flow:$47,011
Rent:$2,403/Month
BUSINESS DESCRIPTION

Turnkey Diner for Sale!

This Diner for Sale offers an incredible opportunity for a new owner to step into a thriving and profitable business. With annual sales of over $525,000, this well-established location provides a solid foundation for continued success. The current owner benefits to the tune of $50k annually, making this an excellent investment for a hands-on operator or a seasoned restaurant owner looking to expand their portfolio.
For the first time in over 25 years, this exceptional Diner for Sale restaurant, rooted in rich Ukrainian culinary traditions, is available for sale. The current owner, a passionate cook, has expanded the menu to include a diverse array of dishes—from Mexican to Italian, and Polish to Greek—ensuring something to satisfy every palate. This dedication to quality and variety has earned the restaurant multiple local awards, solidifying its reputation as a beloved community favorite.
Located in a booming city in Southeast Oakland County, the Diner for Sale enjoys a prime position near a vibrant bar district and a bustling business area. This strategic location generates a steady stream of lunch and dinner patrons, as well as robust carryout service, making it a go-to spot for locals and visitors. With annual revenues exceeding $525,000, this established restaurant presents a remarkable opportunity for prospective owners. Why invest in a new build-out with uncertain customer traffic when you can acquire a successful, well-loved venue with a loyal following with this opportunity offered by We Sell Restaurants?
The transition to new ownership is made easier by the current owner's commitment to remain involved. Not quite ready to retire, she is willing to continue cooking 20-25 hours a week, providing invaluable support during the transition. This arrangement allows the new owner to benefit from her expertise while gradually taking the reins of this Diner for Sale.
This is a rare chance to step into a thriving, award-winning Diner for Sale with a diverse menu and a dedicated customer base. Whether you're an experienced restaurateur or a first-time owner, this opportunity offers a solid foundation for continued success. Don't miss out on this extraordinary chance to own a piece of the community and carry on a legacy of culinary excellence!
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DETAILED INFORMATION
Location
Pleasant Ridge, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,320
Lease Expiration
31/12/2024
Employees
8
Facilities
2 (2) Door 54? Refrigerators 1 (3) Door 89? Salad Prep Fridge 1 48? Salad Fridge ? Prep 1 34? Freezer 1 27? Freezer 1 Patriot Fryer 1 Hobart Automatic Meat Slicer 1 Garland (6) Burner Stove (24? Grill + (2) Ovens) 1 2 Compartment Steam Table 1 96? Display Fridge 3 Microwaves 1 Toaster Oven 1 (4) Slice Toaster 1 Food Processor 1 Hood + Fan Supression (Up to Code) 1 Soft Drink Machine 2 Bunn Coffee Makers 1 Bunn Coffee Grinder 1 (3) Compartment Sink 1 Hand Wash Sink 1 Storage/Display with Sink 8 (2) Top Tables (Butcher Block) 6 (4) Top Tables 1 (56?) Long Banquette - Seats 22 24 Chairs 4 Metal Shelves 1 60 Gallon Water Heater 1 Cash Register Assorted Pots, Pans & Cambro Containers
Competition
-Established Reputation: Since 1999, this diner has built a strong local reputation for fantastic food, fostering loyal customer relationships. -Combines classic Ukrainian dishes with American favorites, catering to diverse tastes and attracting a broad customer base. -As one of the few establishments offering authentic Ukrainian cuisine in the area, it stands out in a niche market. -Located in a multicultural area, it appeals to both Ukrainian expatriates and those looking to explore new cuisines. -With a single owner since establishment, the restaurant is well-organized and ready for a new owner to step in seamlessly. - Potential for growth through social media marketing and positive online reviews, attracting new diners.
Growth & Expansion
- Introducing new dishes or seasonal specials can attract repeat customers and entice new diners. -Expanding into catering for events, parties, and corporate functions can significantly increase revenue streams. -Hosting local events, food festivals, or cultural nights can engage the community and draw in new customers. -Offering breakfast or late-night dining could attract a different customer demographic and increase overall sales. -Collaborating with nearby businesses for cross-promotions or special deals can widen the customer base.
Support & Training
1 Week
Reason for Selling
Retirement
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Gary
Elle
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Gary Elle