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30965485
31174791

613 Valley Rd, Montclair, NJ 07043 For Sale

BR
SC 41837
Borne Real Estate
Listed by Borne Real Estate
$480,000
127 days on market
Updated 95 days ago

Montclair Diner

Details
Property Type Business for Sale
Sub Type Business Only
NOI $250,000
Class B
Investment Type Owner/User
Ownership Corporation

Business for Sale

Marketing description

Are you searching for that special eatery opportunity that is known by all and everyone knows your name? Look no further than Montclair Diner located in cozy downtown Upper Montclair NJ. Since 1923 Montclair diner has been a staple for the locals, now serving their ultra famous dessert inspired Yummy French Toast, Southern Style Chicken & Waffles and a voluminous menu of other delectable diner classic dishes. The diner offers the convenience of indoor and outside seating to enjoy the beautiful surroundings of downtown. Montclair Diner has been featured on nationally syndicated shows such as "the View" and the "Tamron Hall" talk shows. Additionally, Montclair Diner has been featured in the largest NJ monthly magazine as “Top NJ Diner” and has been recognized multiple years as Montclair, NJ/Essex County “Best Diner”. To own this wonderful business is to love it and the people that frequent it also support it as though they are part of the family. The owner is a serial entrepreneur who has been involved with multiple restaurants and other passions that has fueled his career for two decades. He has decided that now is the time to allow the next great owner to take up the torch and carry on the tradition of the Montclair Diner. The nitty gritty details are that this diner has an annual cash flow of $250K++ and has amazing potential for a hands-on operator to carry the business to an even higher level of service and profitability.

Investment highlights

100+ year tradition in Montclair NJ

Strong cashflow history

Well located in downtown Montclair

Potential for owner/operator to increase revenue and cash flow with hands on attention

Listing Contacts

BR
SC 41837
Borne Real Estate
Listed by Borne Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$250,000.00
$20,833.33/mo

Valuation Metrics

0
DSCR
52.08%
Cap Rate
52.08%
ROI

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Property History

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