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
Lowest Price Subway in the State of Arizona for Sale
Lease: Due for Renewal on December 30, 2020
Annual Revenue: $311,308
Annual Profit: $68,068
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