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69 year old Diner in LIC $112K Cash Flow - Get Paid Back in 18 Months
New york (Queens)

Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Property Information

Listing Number:
11618
Business Type:
Established Businesses
Business Category:
Diners
State:
New york
County:
Queens

Other Information

Financial Information

Asking Price:
$180,000
Gross Income:
$468,000
Cash Flow:
$112,800
Seller Financing:
 

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Business Description

Great opportunity to own this LIC staple that has been in business for over 69 years. This Cafe/Diner is located on a very busy street in LIC near many other businesses and shops. They are currently doing around 9k a week with a rent of 4900 a month. They have 7 years left on their lease and the owner is making over 9K a month Net profit. They are currently only open for breakfast and lunch, which gives the new owner an opportunity for instant growth. Due to the aggressive price of this business, the owner will NOT hold a note. Please act now this listing is priced to sell fast.

 

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!

Listing Number : 11618

Business Listed By

Michael Scher

Email this List   516-342-1648
Email this List   718-640-4523
Email this List   Mike@eastcoaststores.com
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