Where the Neighborhood Eats: 65-Year Diner, Steady Regulars
Listing Details
- Down Payment: $200,000
- Sales: $536,603
- Seller's Discretionary Earnings: $81,456
- Inventory: $5,000
- Furniture, Fixtures, and Equipment: $35,000
- Rent: $4,000
- Employees: 7
- Year Established: 1961
- Reason for Selling: Retirement
Business Description
For more than 60 years, this classic diner has been the neighborhood’s table. A long counter, a large dining room and a steady stream of regulars have made it a recognized community institution. Founded in the 1960s and owned by the same operator since 1990, it is the kind of place people bring their kids and later their grandkids.
The menu is real diner fare: eggs, pancakes and omelets, sandwiches, burgers and hot lunch plates. A short list of Greek specialties sets it apart without making it a themed concept.
The diner is open seven days a week, 6 a.m. to 2 p.m. It cut back to six days during the pandemic staffing crunch and brought Wednesdays back because customers kept asking for them. It runs with five full-time and two part-time employees and a manager. The owner works about 30 hours a week, and roughly 60% of sales are takeout. A new owner takes over a known name, a trained crew and customers who already come in regularly.
The price is $275,000, with equipment and inventory included. The seller will finance up to $75,000 over five years at WSJ Prime. The building is owned separately and may be purchased.