Southern Diner For Sale Clinton - Maryland
Southern Diner for sale in the Clinton, Maryland region for $200,000! Established restaurant currently grossing an estimated $438,604 and nets $83,772. Includes all restaurant equipment. The restaurant seats 50-75 inside, but the majority of the business is carry-out. This restaurant also offers catering. This is a great opportunity to purchase a fully built out restaurant, the ground work has already been done! Restaurant is in a great location on a busy highway. Current owner leases property, new owner will need to be approved by the landlord.
Frequently Asked Questions:   Price: $200,000   Cash Flow: $83,772   Financing: No   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $438,604.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? This business will not qualify for a business or SBA loan due to the cash nature. If more financing is needed for startup cost you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Expenses are estimated to be $354,832 per year.
Is the restaurant property owned or leased? Currently the owner leases the property. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located? Located in the Clinton, Maryland region. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: stove, oven, warmers, steam tables, prep fridges, freezers, fountain machine, POS and more. Estimated value is $50,000.
What size and how many customers can this restaurant seat? This restaurant can seat 50-75 inside.
Does this restaurant currently have a beer or liquor license? No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service? There is no drive-thru or delivery service, but they do offer carryout and catering services.
How long has the seller owned the restaurant? Seller has owned this restaurant for 5 years.
Why is the owner selling? Seller has family obligations.
What are the hours of operation? This restaurant is operated from 11am - 8pm Tuesday through Sunday, and closed on Mondays.
What else should I know? Established franchise opportunity. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $200,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.