Listed by American Dream Real Estate Associates, L
Respected traditional New England diner for sale, offering a cap rate of 10%+. The owner is offering sale in either of two configurations: 1) business alone ($110K), OR 2) building, land, equipment and business ($299,900). The owner will consider holding a note on the sale of the business. The 1,654 sq ft bldg is situated on a .54 acre corner lot at the corner of Preston St), with 275 ft of frontage on Henniker Street. The building consists of a traditional diner with an addition. It seats 70 (59 seats, 11 stools) and has parking for 75 vehicles. The building has a newer roof (1/2 aluminum 2 years old; 1/2 rubber 1 year old), floor (5 years old), furnace (2 years old), water heater (new), and dishwasher (new), as well as some newer equipment. The business has been operating at less-than-full capacity for upwards of two years and offers great potential for growth for a new and motivated owner, with expanded hours, enhanced menu offerings, a website, etc. The diner is located along well-traveled Henniker St.