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Businesses For Sale   >>   Hudson Businesses For Sale   

Attractive Luncheonette Diner

Location  Hudson County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $339730
Net Profit / Cash Flow  $83000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1955
Number of Employees  4 - 5
Inventory  95000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  The owner will remain after closing and supply an appropriate transitional period.
Reason for Sale  Owner is retiring after many years of success in the retail service industry.

Description  
Profitable diner in an urban area of Hudson County New Jersey and owner retiring after thirty years in the food service industry. This active breakfast and lunch business with limited hours has a gross yearly income of $339,730 and a solid yearly net income to the owner operator of $83,000. The sale includes a long term lease agreement at fair market value with additional extensions. The facility has a seating capacity for thirty five customers with a clean attractive image. The business also offers delivery service which represents approximately fifteen percent of the gross income. The sale includes a fully equipped commercial kitchen, refrigeration and freezer units, table's chairs and various equipment required to maintain the day to day operation for this retail food operation. This business has four employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $4,217. The facility has substantial public parking near to this commercial business location. This luncheonette diner is operational seven days per week with hours from 6:30 am to 4:00 pm, shorter hour's weekends. The diner has a certificate of occupancy to conduct business at this location and a food license from the municipality. The business has an assignable five year commercial lease which expires 2019-01-01 plus additional options with a monthly rent of $3,500 and rent security $7,000. Based on the asking price, required down payment and yearly net income, this business expect to supply a 42% investment return to the owner operator.


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