Absentee Owned Diner for Sale

Photo not provided

Seller:Randy Bring

Location:Martin County

Listing Num:774630

Industry:Food & Beverage: Restaurants, Fast Food, Deli

Asking Price:$495,000

Year Est.:1980

Employees:Not Disclosed

Yearly Revenue:$1,156,830

Yearly Cash Flow:Not Disclosed

Yearly EBITDA:$NA

Yearly Net Profit:$345,213

Yearly Gross Income:$NA

Monthly Payroll:Not Disclosed

Total Debt:Not Disclosed

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Reason for Selling:

Difficult to run absentee/seller out of area

Overview of the Business:

First time offered. Extraordinary, absentee owned diner for the most particular restaurant Buyer. Developed originally by large chain, this 120 seat restaurant is one of the highest grossing & most profitably independent. diners in the County. Major highway frontage. Massive list of included equipment. 15 years of options on lease. Can open 24/7 & add beer/wine to increase sales. Seller with hold note for qualified Buyer. Steady gross between $20-$25,000 per week. Financials have been adjusted to reflect Full Time owner.

Property Features and Assets:

4,000 square feet at $10,968 per month.

Market Competition and Expansion:

Unknown/Unlimited