Historic Diner For Sale
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.
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
- Number of Employees
- 12
- Facilities & Assets
- Larrison's Diner occupies the 1st floor of 2 buildings which are owned by LARRISON RENTALS. The entrance to the Diner is in the 200 S Chestnut building (which sits on the corner of Hwy 50 and Chestnut Street and located Downtown) and houses the main dining room, kitchen, and storage room. 202 S. Chestnut houses 2 dining rooms, 2 bathrooms, walk-in, 2 storage areas, with a front room for meetings. There are occupied apts. above Diner and behind Diner. Selling the business; and will be leasing both buildings with 1st option to buy once business is sold
- 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. There are several downtown, locally owned restaurants, and we all get along and there is enough variety that business has done well. Our 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.
- Opportunities for Growth
- Growth opportunities are the hours. We have had different hours over the years. You could open Sundays (we have done that in December) and people love it. You could open nights (we used to be open Friday nights for steak night) people loved it. We just got worn down, having a small staff and having to work a lot of hours. Cons is finding people that want to work .
Real Estate
- Owned or Leased
- Leased
- Rent
- $2,200.00 per month
About the Sale
- Seller Motivation
- I am 68.5 yrs old and I am in excellent health, but I am ready to sell so I can
- Transition Support
- I have several very seasoned employees that have been with the Diner 22yr, 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. I am willing to stay a month to help and of course the employees would help. I currently do Payables, Payroll, 941, qterly tax reports.
Listing Info
- ID
- 2385524
- Listing Views
- 338
Business Location
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.
Businesses for SaleIndiana Businesses for SaleIndiana Food & Beverage Businesses for SaleIndiana Restaurants Businesses for Sale
