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Authentic North Shore Diner. Established for nearly 100 years, it is a landmark in the community. This is a traditional diner, serving breakfast, lunch and dinner in an affluent community. YOU CAN KEEP THE CURRENT CONCEPT OR BRING IN SOMETHING NEW. They have a huge open air kitchen, with counter service and total seating for at least 50 patrons. It is a full kitchen with hood. The business occupies 1,500 sf., and also has a full 1,500 sf. basement with storage space, walk-in refrigerator and freezer. There are 5 years left on the current lease, at a rent of $4,000/month (including tax and CAM). The landlord is willing to offer a new lease of 10 years (or better) for a qualified tenant with good credit. They have their own parking lot for 25 cars, plus street parking. In the past year the business grossed approx. $728,000.00 with a cash flow of approx. $139,293.00. We are seeking a serious and financially qualified buyer with at least $125K in liquid funds to cover the downpayment. To learn more,ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.
125,000.00 Down & $65K over 4 yrs. @ 6%
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