Description of the business for sale
Full Description: Classic diner in great area of New Jersey - perfect for a Manhattan or Staten Island Buyer. This place does huge sale ($2M) and has a fantastic corner location and a dirt cheap rent - just $4900 per month! Highly desirable location has option to buy property for approximately $1M. Big 200 seat, free standing operation with plenty of parking. This diner has been in the Seller's family for over 40 years - very well established business. If you are serious about owning a classic diner - it wont get any better than this.***** - ***** - Market Description: The diner is well established and perfectly located in a high density business / residential market. Building sits right on the corner of a heavy traffic intersection.***** - Growth Oppurtunities: Business has been mismanaged lately and an immediate 20% sales increase could be realized with a new management team and extending hours.***** - Seller is willing to provide $1M in Seller financing.
Support / Training provided by seller
Training Offered: Seller will provide necessary training. ***** - Seller has other food and beverage businesses and is looking to scale back. Business has been in the family for 40 years.
Description of the facilities
Facilities Description: Free standing building with fantastic corner location with great visibility. Easy access (multiple entrances) plenty of parking on large lot. 200 seats with tradition "Diner" decor - counter / booth / table seating.***** - Lease Terms: Current lease has 23 years remaining. Landlord will add an extension if Buyer desires. Current lease has 23 years remaining. Landlord will add an extension if Buyer desires. Current lease rate is an incredibly low $4900 per month! You will not find a better lease in the tri-state area! As if that is not enough - there is an option to purchase property for approximately $1M.