Luncheonette Diner
| Asking Price: | $275,000 |
| Gross Revenue: | $550,000 |
| Rent: | $4,200/Month |
| Cash Flow: | $100,000 |
| Inventory: | $1,200 |
| FF&E: | $75,000 |
Profitable diner/luncheonette in an urban area of Hudson County, northern New Jersey, and minutes from the New York Lincoln Tunnel. The owner is now retiring after thirty years in the food service industry. This active diner is in the heart of a highly populated urban and commercial area, with limited hours, has a gross yearly income of approximately $550,000 and a solid yearly net income to the owner operator. The sale includes a long-term lease agreement at fair market value with additional extensions. The facility has a seating capacity for eighty customers with a clean attractive image. The business also offers a delivery service, which represents approximately fifteen percent of the gross income. This is a dependable business opportunity and owner financing is available. The 2022 gross yearly income represented by the seller is $550,000 and a yearly net income of $100,000 which includes seller discretionary income and based on an onsite owner operator and prior to debt service. The 2024 income is projected to be increased from the previous year.
