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Listing #3963

Details on this Flagstaff Diner For Sale

Price: $99,000

Here is a great opportunity to own a unique diner with a long history of success with about 34,000 cars driving by this restaurant each day, creating a great opportunity to capture some of them. The owner is selling because he has lost his passion for the business and this has resulted on horrible cost management.

In 2013 Food Costs are running near 37% and labor costs are running at a WHOOPING 38%!  Talk about opportunity hitting you in the face, it couldn't hit you any harder than this. So if you're a fix-it person and know the restaurant business, then this breakfast, lunch and dinner business is your dream come true.

The 2012 revenues were $589,000 with a rent factor of slightly less than 10%, giving a new owner the opportunity to really create some great profit.

This diner has a classic feel and look and is perfect for national chain such as Denny's, IHOP, and even a 5 & Diner as well as a Johnny Rockets! And at this price, you're off to a great start with your new restaurant.

This is a Paramount Restaurant Brokers, inc. Listing

Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com


General Information Highlights
Listing Status: Available
Price: $99,000
Location: Flagstaff
Last Year's Annual Gross: $589,021
Last Year's Adjusted Net: $17,058
Lease Information: 4 Years Remain with 5 Year Option
Monthly Rent: $4,675
Indoor Seating: 125
Number of Parking Spots: 100
# of Part-Time Employees: 12
# of Full-Time Employees: 4
Hours Open: Open 7 Days 6am - 9pm
Year Established: 1945
Inside Sq. Ft.: 3300
Hood System: Yes
General Information Highlights

  • Great Turn-a-Round Story Awaits!

  • Fantastic Location, Lot of Street Exposure

  • High Profile Location

  • Capable of doing 3 times the current volume

  • Labor Costs Out of Control 38%

  • Food Costs High

  • Classic Diner Feel and Look

  • 34,000 Cars Per Day Drive By This Restaurant

 
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DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.



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