Nassau County Diner for Sale - High-Income Area, Growth Potential
Financial Details
- Asking Price:
- $4,000,000
- Annual Revenue:
- $3,484,000
- Cash Flow / SDE:
- $300,000
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 13.3x
- Location:
- NY, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This is a prime opportunity to acquire a newly built, state-of-the-art diner located in a high-income area of Nassau County, NY. With seating for nearly 300 patrons and ample parking for over 100 cars on a 2-acre property, this establishment is poised for significant growth. The seller projects weekly sales to increase from the current $70k to $100k in the near future. The location is also ideal for conversion to a high-end seafood, steakhouse, or other large franchise food concepts. The business features a full basement and operates with a semi-absentee owner, closing by 11 PM. A 40-year lease is in place with monthly rent and taxes of $20,000. The asking price is $4,000,000 with 30% down required. Proof of funds is necessary for serious inquiries.
Industry Information
- Industry Description:
- Restaurant Diner
- Classification:
- Restaurants & Food
Real Estate & Lease
- Status:
- Included
- Monthly Rent:
- $20,000 USD
Listing Details
- Listing ID:
- bf79f9bb-b6e4-4b0c-b8da-7c617a8b3268
- Deal Status:
- For Sale
- Date Posted:
- April 27, 2020
- Last Updated:
- September 15, 2025
- Currency:
- USD