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1009 – Diner in Popular Neighborhood – REDUCED TO $199,000

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This is a newly constructed diner in the heart of a busy and popular neighborhood. The demographics are upwardly mobile, trendy professionals who love to patronize their own community. Fully equipped with all new kitchen, premises, washrooms etc. Please note that the dough sheeter is excluded. Great opportunity for someone who wishes to get into the diner business in a perfect location!

Sales: Gross sales: $40,000 per month on average

Size in sq. ft. 2,507 sq. ft.

No. of Seats: Licensed for 60; actual 72

Number of parking stalls: Two at $150 each per month

Financing: Treat as clear title

Style of cuisine: Casual dining; breakfast and lunch

Customer Demographics: Wide range of ages; business people; locals; lots of regulars

Type of service: Table

Hours of operation:
7 am – 6 pm; seven days a week

Number of employees: 9 – with 2 owners and 7 part-time

Leasing information:

Rate per sq. ft. $30 per sq. ft. starting March 1, 2019 for 1 year
C.A.M. $4,185.11 including utilities

Lease Term: 3.5 years left

Option periods: Two 5-year options at fair market value after the present 10-year lease is completed
Deposit held by Lessor: 1 month (to be verified)


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