Property profile

Six Figure Earning Gln Fls Diner For Sale With Real Est South Glens Falls, NY 12803

OFF-MARKET
Retail properties & Spaces
Built 2000
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Property summary

AI-generated overview

This well-established diner, built in 2000 and located in South Glens Falls, NY (zip code 12803), is offered for sale at $1,200,000. The property includes the real estate and boasts a strong six-figure income, averaging $100,000 in monthly revenue despite operating only six months of the year. Recent upgrades totaling $300,000 have modernized the restaurant, including new equipment and a complete renovation. The diner features a spacious interior with seating for over 100 customers, complemented by a robust takeout business. A fully equipped kitchen includes multiple fryers, griddles, ice cream machines, and ample refrigeration, including walk-in freezer and cooler units. Other equipment includes four point-of-sale registers, a KDS system, and new LED signage. The diner benefits from a prime location on a heavily traveled New York State route, near a major intersection and shopping areas, attracting a loyal customer base of locals and tourists. The simple, delicious menu features burgers, dogs, chicken tenders, fish, salads, wraps, and ice cream. The business currently employs 22 people and is managed by an experienced manager, offering a turnkey operation for a new owner. The owner is providing two weeks of support for a smooth transition. Financial records show a gross revenue of $606,569 and discretionary earnings of $137,480. This is an exceptional opportunity to acquire a profitable, established business with significant growth potential in a desirable location. The sale includes all existing equipment and inventory is not included in the asking price. Seller financing is not available.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2000

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Six Figure Earning Gln Fls Diner For Sale With Real Est South Glens Falls, NY 12803
South Glens Falls metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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