amazon122

Jackson Heights, NY

#1 Feb 13, 2007
Can anyone tell me anything about the history/what is up with the Unadilla diner? When did it close? Was it ever a viable business?
Unadillan

United States

#2 Feb 14, 2007
The diner has been through a few hands since Mary Green owned it.

The problem has been and continues to be lack of a central sewage system in Unadilla. The diner uses a septic that is grease-clogged from years of use, there is no way to expand the septic, and pumping out a tank daily would be prohibitively expensive.

Diners use up a lot of water, both in dish and handwashing and lavatory useage.

Another factor contributing to the decline of the U Diner was the number of retirees who'd make the place a hangout and drink countless cups of coffee at price-fixe while taking up valuable seating and not buying anything else. Being a retiree myself, I can state this fact without being accused of 'racism'.

It's a cryin' shame -- I've patronized the diner since I was a mere sprout, and the community surely needs the facility. We really enjoyed a weekly visit to the genuine old-time stainless steel beanery.

Seems to me there was a plan for Fed money about 20 years ago mandating a sewerage facility for Unadilla, but sadly, that's not occurred.

Anyone out there with a solution? The place has been up for sale for about 3 years now.
amazon122

Jackson Heights, NY

#3 Feb 15, 2007
Certainly it isn't 'racism' though the young do often look at the not-so-young as if they're from another planet (and vice-versa, of course)!'Ageism,' maybe....

It has been a fantasy of my significant other's to have a diner/coffeeshop/bakery and every time we go by the Unadilla Diner we go through a lot of 'what ifs' and 'wouldn't it be greats.' Having just bought a house needing complete gutting and renovation another major project is a long, long ways off! And it sounds like there would be a lot of issues to be dealt with. Maybe if we win the lottery.....

Any idea what the asking price is on it anyway?
Unadillan

United States

#4 Feb 16, 2007
If you were somehow able to move the original stainless steel 'diner' to a location visible and accessable to I88, with a new septic system, it might be viable.

As it is, a couple of recent owners have come and gone and it's stood vacant for years.

I'm sure a few accountants and MBA's have looked the business over and passed on it.

Nice dream, though.
Jerry M

Sebastian, FL

#5 Feb 18, 2007
amazon122 wrote:
Certainly it isn't 'racism' though the young do often look at the not-so-young as if they're from another planet (and vice-versa, of course)!'Ageism,' maybe....
It has been a fantasy of my significant other's to have a diner/coffeeshop/bakery and every time we go by the Unadilla Diner we go through a lot of 'what ifs' and 'wouldn't it be greats.' Having just bought a house needing complete gutting and renovation another major project is a long, long ways off! And it sounds like there would be a lot of issues to be dealt with. Maybe if we win the lottery.....
Any idea what the asking price is on it anyway?
The diner is listed on Rose Realty's Sidney NY website at $300,000.Up until a wk or so ago they had it labeled contingent,now active.Haven't looked at the placement of the septic but you may be able to use above grade system to catch gray water,you would have to chec with code enforcement.The Unadilla Hse and Tony's Pizzeria have had similar septic problems.Good luck!
Unadilla Business Owner

United States

#6 Feb 19, 2007
Considering the biz has been up for sale for years, has been vacant and in serious need of maintenance, and has zero cash flow, 300K is completely unreasonable and that's why its been on the market so long.

As a restaurant is a very chancy business, the multiplier of 1 or 2 per adjusted net income is the ususal factor in it's pricing. There's no way the diner was producing $300,000 adjusted net income in it's best year, and currently it's cash flow is either zero or negative numbers (taxes, depreciation).

The premises are not a residential unit, and thus can't be rented, and the fixtures, etc. are probably worth whatever they can be sold for at auction, which is pennies on the dollar.

A worthy essay on the subject of business evaluation and sales price can be found at:

http://www.score.org/valuing_small_business.h...

If you're tempted to investigate the diner acquisition, may I suggest hiring a competant business consultant (possibly from the Hartwick College Business School) to evaluate the situation before you try to feed the bottomless alligator gnawing at your bank account.

Al Czervic

"Proper Planning Prevents Poor Performance"
barbell

Windsor, NY

#7 Feb 24, 2007
amazon122 wrote:
Certainly it isn't 'racism' though the young do often look at the not-so-young as if they're from another planet (and vice-versa, of course)!'Ageism,' maybe....
It has been a fantasy of my significant other's to have a diner/coffeeshop/bakery and every time we go by the Unadilla Diner we go through a lot of 'what ifs' and 'wouldn't it be greats.' Having just bought a house needing complete gutting and renovation another major project is a long, long ways off! And it sounds like there would be a lot of issues to be dealt with. Maybe if we win the lottery.....
Any idea what the asking price is on it anyway?
$ 300,000 diner and house
Appraise-a-phile

United States

#8 Feb 24, 2007
The 'house' is worth less that 100 K. And it's disadvantage is the same as the diner's -- bad septic.
PJ Johnson

United States

#9 Jul 29, 2012
I loved the Unadilla Diner in the late '60's/early '70's when driving between Ithaca & Hudson. Was always a great meal, friendly folks, in the diner tradition. Am sick to here of ongoing septic-sewage problems. Am sure many of us wish Unadilla well with resurrecting this grand diner.
luci lewis

Madison, AL

#10 Oct 8, 2012
Hi folks, Our name is Richard& Luci Lewis. 80s & 90s we visited the diner frequently enjoying the great food & company. It kinda reminded us of the fiftys diners. where everyone knew everyone. You can catch on old friends. Its to bad they are to sale it for 300K. If the of the diner was cheaper & something could be done with the septic. Then maybe the diner could be reserected from the Abyss, we could have little of yesder year. Mr.& Mrs Richard H. Lewis Sr.
Jim F

Oneonta, NY

#11 Nov 2, 2012
I had read that there was some sort of grease trap that these restaurants use that is expensive to clean and maintain. I didn't know about the septic being clogged. That alone would cost at least 20000 if there was any fix at all. Restaurants have a high operating cost and business has been poor in Unadilla for years from the recession. Even the pizzaria must charge pretty high prices for a pie. We are not poor folks but there have been many times in recent years that we have opted for 5 dollar pizzas from Little Ceasers in spite of the fact that it is no where near as good. I din't knoew how much longer the pizzaria will be able to stay in business. It will be a shame if it does closes because there is nowhere else in this area that can even come close to that NY pizzeria taste.
Just Looking

Amsterdam, NY

#13 Jan 4, 2013
Has it been purchased?

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