Selling Your Diner?
Struggling to maintain operations in your diner? Since 2008, so have thousands of other restaurant and diner owners. And with the recent introduction of COVID-19, things have only gotten worse. Find staff to cover your shifts, and you can barely afford the minimum wage expected these days. Find a food and beverage supplier, and you can’t find a reliable company to transport to your location. And if you’ve already established the ideal location – Coronavirus-related restrictions meant a whole new structure for your beloved diner with plastic dividing the atmosphere you worked so hard to create.
Often the decision to sell your diner will come with the added stress of finding a proper, serious buyer. Here at WBAR, we ARE the buyer. We will make you a CASH offer on your diner so you can get back to rebuilding the future you always dreamed of.
We have been buying restaurants for decades and now, you can take advantage of our experience and research.
Contact us now and so we can begin your valuation right away. We’ll give you a CASH offer after just a few questions, a few photos, and a general asset list. This list may include:
Refrigeration (Cooler, Freezer, Merchandiser, Chiller)
Cooking & Processing Equipment (Convection Oven, Range, Fryer, Warmer)
Tables & Chairs, Booster Seats, High Chairs, Outdoor Seating, Bar
Kitchen tables, prep tables, work tables, cutting tables
Computer, sound and lighting systems, POS system
Plates, Cups, Bowls, Napkin Holders, Glasses, Pitchers, Forks, Spoons, Knives, Ladles
Any Other Non-Permanent Assets in the Property
After reviewing the information you will receive a FREE cash offer with NO obligation. Once the offer is accepted our team will immediately begin scheduling your extraction using qualified labor and proper tools and transportation.
Still owe on your equipment? Leases? Multiple owners? Franchise agreements? Outstanding debt?
IT DOESN’T MATTER. We can help. CALL NOW!!
We Know the Diner Business
When opening a new diner, owners must choose the best area for the highest profitability, and the market for their chosen location. Most markets see dine-in as the most popular option for diners but with the increase in usage for food delivery services like DoorDash, Uber Eats, Postmates, Caviar and GrubHub, delivery is becoming more widely used. Outdoor dining on a patio, porch or other dedicated space can increase in the warmer seasons for variable climates, and year-round in warmer states will increase your traffic, and having larger seating areas for families and gatherings is a great choice. If your state allows for indoor smoking you should consider creating a space specifically for non-smokers.
The average cost to open a diner in the US is $275,000.00. If you are starting with a new concept and are creating a build-out with new supplies, equipment / fixtures for the kitchen and dining room it should be mentioned that you should expect at least 18 months before beginning to see a profit – possibly more considering in labor shortages resulting in higher wage requirements, food and beverage shortages, reduced capability to provide expedited delivery of those commissary orders resulting in higher costs, higher security deposits or stricter lease terms and requirements for lessors since landlords, property owners and commercial property owners that lease restaurant spaces have experienced a higher incidence of broken leases, bankruptcies, non-renewals or simple business abandonment due to the large amounts of loss suffered in lieu of profits for these businesses. The owner additionally needs to really consider whether they can await profitability while maintaining their own financial responsibilities and while awaiting the business to generate enough profit to properly pay them for the many hours they will be putting into the business. Anyone who has ever owned a diner or any other type of food establishment knows that working twice as hard for half as much is almost a given, usually it needs to be enough working for the simple reward of a business that makes enough money to make up for all of the time and energy they have poured into their family business or franchise. New Jersey is considered to be the Diner Capital of the US with 525 diners open and operating as of 2020. Most of the diners in the US subscribe to the 24-hour business model and find the usual off-hours to sometimes be their busiest times to serve customers. Typically at a diner you will find traditional American comfort / casual foods such as hamburgers, hot dogs, club sandwiches, and other quick-prep foods, although the menus vary widely according mainly to region. The dessert case is one of the most popular reasons for afternoon visits as most diners like to specialize in homemade cookies, cakes and pies. Hand-blended milkshakes are also a popular menu item for diners, and home-cooked soups and stews often appear as well. The first instance of what would later be known as the diner was created by Walter Scott in Rhode Island in 1872 – however instead of a brick-and-mortar building he sold food out of his horse-drawn lunch wagon. The first physical diner location reported was in Union City, New Jersey, in 1912. It is estimated that for every 1,000 diners that open, only 30 will remain open after 5 years, with 900 of those closing within the first year. If you are considering selling your butcher shop, you already know the market. It is best to sell fast - sell NOW - before thousands of other bars like yours flood the market, devaluing your investment right alongside the daily depreciation factors. Stop struggling to earn a living, and start living! Call WBAR NOW for your FREE valuation.
