Diner for sale serving breakfast and lunch for a long time 001225
Price: $425,000
Location: Dallas County, Texas
Industry: Restaurants & Food/American Restaurants
Listing ID: 001225
Diner for sale, serving breakfast and lunch for over 20 years. This eatery is located in a 2,000 SF retail strip center in the heart of an Industrial area that brings a great amount of traffic on weekdays, and many residents and families from the single homes located on the outskirts of the industrial area. The menu consists of traditional American dishes such as Eggs, omelets, Pork Chop, Chicken Fried Steak, Pancakes, Biscuits, etc. Gross sales have averaged 65k to 70k monthly for the past four years except in 2020 due to Covid. There are other breakfast and lunch spots in the area, but this establishment has an established clientele of over 20 years from all over the metroplex. Even after 20 years in business, this establishment still has room for growth as it lacks any marketing and an online presence and relies on word of mouth. This establishment is a perfect opportunity for experienced restaurateurs and someone looking to purchase their first restaurant.
Down Payment: $127,500
Total Sales: $737,892
Cash Flow: $159,847
Inventory: $6,000 (Included in the listed price)
FFE: $75,000 (Included in the listed price)
Owner Financing: No
Franchise: No
Relocatable/Home-based: No
Reason For Sale:
Retirement
Training & Support:
The seller will provide sufficient training for an agreed-upon duration.
Year Established: 1999
Employees: 3FT/10PT
Absentee Owner: No
Square Footage: 2,000 SF
Facilities Information:
This establishment is located in a 2,000 SF space of a retail strip center in the middle of industrial warehouses and businesses surrounded by single homes on the outskirts of the industrial area.
All furniture, fixture, and equipment are in excellent working condition, as the current owner has replaced major equipment in the last several years.
Competition:
None in the immediate area.
Potential Growth:
Expanding business hours and adding 3rd party delivery can drastically increase revenue.
Financing/Terms:
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
