Description

Diner With Real Estate For Sale - Great Location – Highly Motivated Seller.

This is a unique opportunity to own a popular diner restaurant with a great location in the north-central Iowa town of Humboldt (population 6,300+). The current owner established Back Seat Diner in 2003, but must sell the restaurant in order to relocate to another state to be with his family (wife's job advancement necessitated move). Located on Highway 169 in the heart of Humboldt, this fully furnished diner attracts customers locally and from surrounding communities.

Back Seat Diner is “family friendly," open 6 AM to 8 PM daily, and offers a full menu including Breakfast, Burgers & Fries, Sandwiches, Salads, Dinners, Kids Menu, Sides, Coffee & Soft Drinks, Premium Shakes, Malts and Sundaes, Ice Cream and Baked Goods. With over 1,700 square feet of space, the restaurant seats 69 inside, plus 9 outside car ordering stations. There is 11,850 square feet of paved parking on the 0.63 Acre lot.

This is a turnkey business with full and part time employees in place. Multiple growth opportunities exist for a new owner-operator to pursue. The owner is highly motivated, as his family says, “Sell it now...we want you back home!" Therefore, he is offering the business for quick sale at only $199,000, which includes all real estate, furniture, fixtures and equipment (FFE). The land and building alone have a 2016 assessed value of $167,030, plus the FFE have an estimated Fair Market Value of $59,125.

Posted Jul 12, 2016

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