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Businesses For Sale   >>   Absentee Businesses For Sale   

Restaurant / Diner / Banquet Facility For Sale

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $775000
Net Profit / Cash Flow  $75000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2000
Number of Employees  10 - 19
Inventory  190000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks $800.
Reason for Sale  Absentee owner not experienced in food service.

Description  
PRICE GREATLY REDUCED - ABSENTEE OWNER MUST SELL! Excellent Location! If you have experience in food service and are looking for a great opportunity to own a full service diner, this is the business for you. GENEROUS SELLER FINANCING. This well known diner has an excellent history of revenues. It has seating for 120 and boasts a large private banquet room. Recently updated with new roof, flooring, tile, bathroom, wall coverings, and some equipment. There is a very loyal customer base who enjoys breakfast, lunch and dinner. Open 24 hours. Located on busy road, near highway, and across from military base. Gross revenues approximately $750,000 / year with potential to exceed $1M through better management and marketing. Current owners are absentee and are not experienced in the food service industry.


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