Chris Doehner | 1054 – Well Located & Profitable Diner – $525,000

 

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1054 – Well Located & Profitable Diner – $525,000

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1054 – Well Located & Profitable Diner – $525,000

This is a well-established diner which also offers extended hours. It’s very well located and is surrounded by many apartments and condos. Lots of regular clients. A new owner can keep the concept (and name if desired) or you can bring your own ideas! Don’t miss the opportunity to take over this award-winning, iconic and profitable restaurant!

This opportunity will not last long – contact Chris to arrange a showing ASAP!

Business information:

Gross Sales: $2M per year
Size in sq. ft.: 3,008 sq. ft.
Number of Seats: 70
Number of Parking Stalls: No designated parking
Style of cuisine: Diner with extended hours
Customer Demographics: Wide range of ages; business people; locals from surrounding condos & apartments; lots of regulars
Type of service: Table
Hours of operation: 
7 am – 10 pm Tuesday – Saturday
7 am – 4 pm on Sundays and Mondays
Number of employees: 25 – with 75% full-time

Leasing information:

Rate per sq. ft.: $37 per sq. ft.
C.A.M.: $6
Lease Term: 5 1/2  years left 
Option Periods: Two 5-year options
Deposit held by Lessor: 2 Months
Financing: Treat as clear title

Please contact Chris for any questions or to set up a showing.