Historic Diner For Sale

Asking Price$249,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Larrison's DinerSave

Historic Diner For Sale


Asking Price$249,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Historic Downtown Diner - Operating Successfully Since 1940

This iconic family diner has been serving the Seymour community for over 80 years, establishing itself as a beloved local institution with a loyal customer base of regulars spanning multiple generations. Located at the prime corner of Highway 50 and Chestnut Street in downtown Seymour, just one block from Schneck Hospital, this turnkey operation offers exceptional visibility and consistent foot traffic.

Business Overview:
- Established: 1940 (84 years of continuous operation)
- Current ownership: 29 years, with family legacy spanning 51+ years
- Hours: 7 AM - 2 PM, Monday through Saturday
- Service: Breakfast until 10 AM, lunch all day, plus to-go orders and group reservations
- Staff: 12 employees, including seasoned team members with 9, 17, and 22 years of tenure

Operational Strengths:
- Prime downtown location with high visibility
- Established customer base with multi-generational regulars
- Traditional diner operations with proven old-style ordering system
- Experienced, loyal staff who are customer favorites
- Strong community presence in healthcare district proximity

Growth Opportunities:
- Expand operating hours (historically successful Sunday and evening service)
- Reintroduce popular specialty nights (previously offered Friday steak nights)
- Leverage prime location for increased capacity utilization

Financial Details:
- Asking Price: $249,000
- Lease: $2,200/month
- Real estate leased by business owner

Owner Support:
- Comprehensive one-month transition assistance
- Current owner handles payables, payroll, and tax reporting
- Experienced staff committed to continuity
- 29 years of operational knowledge transfer

This represents a rare opportunity to acquire a profitable, established diner with deep community roots, experienced staff, and proven growth potential in a prime downtown location.
About the Business
Years in Operation
85
Employees
12
Facilities & Assets
Larrison's Diner occupies the 1st floor of 2 buildings (#200 & #202) and owned by LARRISON RENTALS. #200 building (corner of Hwy 50 & Chestnut St.) houses the main dining room, kitchen, and storage room. #202 bldg houses 2 dining rms, 2 bathrms, walk-in, 2 storage areas, with a leasable store front. #200 bldg is available for sale only with purchase of the Diner. #202 bldg available for sale after #200 & Diner purchased If unable to buy bldgs, the bottom floors can be leased, with first option to buy. More Rental opportunities when owning the bldgs
Website
https://www.larrisonsdiner.com/
Market Outlook / Competition
We are in a Prime location, sitting on the corner of Hwy 50 and Chestnut St. in Downtown Seymour, and have Schneck Hospital one block behind us. We have been a restaurant in the same location for over 80 yrs. We are one of the longest running established restaurants in the area, and we are a big draw for out of towners. We have always had great support from community. Hours of operation are currently 7:am-2:00 pm Mon - Sat. Closed Sundays and major holidays. Breakfast until 10 am every morning and lunch all day. It is a Dine-In or Carry Out business.
Opportunities for Growth
THE WORLD IS YOUR OYSTER! We have been successful and satisfied with our hours and our food selections, and it has been operating as we intended. However, as new owners your opportunities are endless
About the Sale
Seller Motivation
I am 68.5 yrs old, in excellent health, and ready to retire.
Transition Support
I have several very experienced employees that have been with the Diner 22yr (Manager), 17 yrs, and 9 yrs. They are the backbone of the Diner, and customer favorites. I have owned the Diner 29 yrs, and my parents owned it 22 yrs prior to me. We can discuss whether you need me to stay a negotiated length of time during the transition..
Listing Info
ID
2385524
Listing Views
511
Business Location

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Business Listed by: Elizabeth Larrison

Listing ID: 2385524 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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