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Established Restaurant In New York City For Sale

New York City, New York
Asking Price:
$449,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,279,000
Cash Flow:
$166,000

Highly successful and well established neighborhood focused restaurant and bar. Turn key operation with numerous write ups and press throughout print publications like NY Times, NY Magazine, Food & Wine Magazine, Michelin recommended and key social media sites. New American comfort menu made fresh in-house. Innovative cocktail program, craft beer focused list and refined wine by the glass & bottle program. THIS IS A PERFECT AND UNIQUE RESTAURANT BUSINESS FROM WHICH TO START EITHER A CHAIN OR FRANCHISE OPERATION.

Property information

Location:

Option: 10 YEARS
Monthly Rent: $ 8,020
Square Footage: 2000
Type of Location: Commercial
Facilities:

Bar with 12 stools and 15 high top bar seats. Main dining room with 14 tables and 35 seats. Full commercial kitchen, 2 restrooms.

SEATS TOTALLY 65 FOR DINNER

Business Operation

Expansion Potential:

Enormous potential for growth by adding lunch/brunch services and take out/delivery. Moderately priced menu and beverage list that can survive price increase

Competition / Market:

Unique menu focus not matched in NYC. High quality food and ingredients at a very affordable price, with refined service, makes the dining experience a stand out from other restaurants in the city. This restaurant has menu items voted “The Best” by multiple outlets. A very strategically orchestrated restaurant niche successfully established for its location.

Reasons for selling:

OWNER MOVED OUT OF NEW YORK

Trading hours:

Days & Hours of Operation: Mon thru Sat 5pm to 11PM / Sun 5:30PM to 10PM
Owner Hours: ABSENTEE OWNER

Employees:
25
Years established:
2006

Other Information

Support & training:

TOTAL TRAINING INCLUDED - CURRENT MANAGER WILL STAY IF NEEDED.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

NEGOTIABLE

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price
Related Documents:

Listed by

Listen Associates Business Brokers

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