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High Grossing, Turnkey Midtown Manhattan Bar/restaurant, Distressed Sale For Sale

Manhattan, New York, US
Asking Price:
$475,000
Sales Revenue:
$2,700,000
Cash Flow:
Not applicable

This $2.7 million dollar grossing midtown Manhattan GEM is perfect for a conversion and a new owner. Capitalize on this bar and restaurant’s multi-million dollar buildout in this busy and high grossing location between Times Square and Penn Station. Prior to COVID, this location would historically gross over $4 million annually. This is a great opportunity for a new owner to leverage this existing concept or take it is a new direction in one of Manhattan’s busiest corridors. This 2nd generation spot is an inexpensive and affordable pathway for a new owner.

Property Information

Real Estate:

Lease

Lease Terms:

3.5 year remaining

Leasehold Rent:

$31,390 per annum

Size in square feet:
3000 sq feet plus 1200 sq ft basement