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#5263
Syracuse Restaurants For Sale

Classic Diner - Turn Key Restaurant Facility For Sale

$89,000
Classic Diner - Turn Key Restaurant Facility For Sale
This Listing is Expired

Go Visit this space by selecting the link to the left "Want Name/Address."

Classic Diner 90 seats with large parking area and 3,120 FT building on a 15,000 SF lot.  Good workable kitchen. This is an asset sale and you're buying the equipment and rights to operate a restaurant. Same owner for over twenty years makes this a great location to start a restaurant. The existing restaurant was run by a family. It was open daily for breakfast, lunch and early dinner. Only diner in town building over 3,120 sq feet. Great location on busy Route 13 between Cortland and Ithaca. New housing being built with 140 units near by and another 75 planned

 

This is a MJ Kinney Brokerage, LLC. listing.
Licensed Real Estate Broker New York Michael Kinney DRE License #37K10989135

Lease

Region:
Syracuse Restaurants For Sale
Total Monthly Rent:
$4,000

Financials

Last Year's Annual Gross:
$450,000

Operations

Liquor License:
None
# of Part-Time Employees:
6
# of Working Owners:
2
Hours Open:
Breakfast,lunch,dinner but close early at night
Year Established:
1998
Hood System Type 1:
Yes

Facilities

Indoor Seating:
90
# of Parking Spots:
75 pus
Inside Sq. Ft.:
3,120
Total Building Sq. Ft.:

Highlights

  • Very busy road rt.13
  • 10 miles to Cortland
  • 14 miles to Ithaca
  • Several chain operation close by
  • Mew housing for 140 units close by
  • Another 75 housing units coming soon
  • Easy operation
  • Many years of successful operation
  • Close to local college
  • Limited competition
  • Only diner in town
  • Ample parking

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 3,655 3,655
Households 3-mi. 5-mi
2010 Number Of Households 1,973 2,045
2010 Persons Per Household 2.53 2.53
Median House Value $151,100 $148,530
Income Per Household $60,799 $59,601
Businesses 3-mi. 5-mi
2009 Number Of Businesses 101 107
2012 Number Of Employees 1,856 1,890
2012 Total Annual Payroll $29,040,000 $29,983,000

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Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that MJ Kinney Brokerage, LLC.  ("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 addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward 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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date. User understands Broker only uses SellingRestaurants.com to advertise restaurants and bars and Broker is not affiliated with SellingRestaurants.com.


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