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Midtown NYC Restaurant & Nightlife Destination For Sale

Manhattan, New York, US
Asking Price:
$1,499,999 Furniture / Fixtures included
Sales Revenue:
$5,600,000
Cash Flow:
$1,040,000

HS Listing ID-71102

High-performing, multi-million-dollar restaurant and nightlife destination located in one of the most valuable hospitality corridors in the world.

With $5.6M+ in gross revenue and $1.04M+ in net income, this is a rare opportunity to acquire a fully operational, highly profitable, turnkey venue at a price that does not reflect its true earning power or replacement cost.

Annual Gross Revenue-$5,620,000
Annual Net Income-$1,040,000
Annual Rent-$720,000

Key Financial Metrics
Net Margin:~27.5%
Rent Ratio:~12.8%
Food Cost:~14.8%

Return on Investment

Purchase Price:$1,499,999

Annual Net Income:$1,040,000

Potential Payback Period: ~14 months
Cash-on-Cash Return: ~100%+

Extremely rare for a Midtown Manhattan hospitality asset.

Investment Thesis
This is not a restaurant — it is a cash-flowing hospitality platform.
At the current pricing: Less than 1× net income
Immediate profitability
Institutional-grade opportunity

Concept Overview
Offers a high-energy dining and nightlife experience combining:

Seafood & steak-driven menu

Cocktail-focused bar program

Social dining atmosphere

Late-night energy

Serving multiple customer segments:

Pre-theater crowd

Corporate clientele

Private events

Weekend nightlife

Prime Midtown Location

Surrounded by offices, hotels, and tourism

Constant year-round foot traffic

One of Manhattan’s most valuable hospitality corridors.

The Space

Large dining layout

Private event rooms

Full-service bar

Brunch capability

Late-night operations

ADA compliant

Private events
Corporate bookings
Full venue buyouts
High-volume service

Revenue Streams

Dinner service

Weekend brunch

Private events

Corporate catering

Bar & nightlife

Full venue buyouts

Diversified income reduces risk and increases stability.

Operational Infrastructure

Fully staffed and trained team

Established management structure

Proven vendor relationships

Streamlined operational systems

Consistent day-to-day performance

Buyer is acquiring a fully functioning system, not a startup.

Ideal Buyer Profile

Restaurant groups seeking a flagship Midtown location

Nightlife operators expanding into Manhattan

Hospitality investors seeking immediate cash flow

Private equity groups targeting scalable platforms

Experienced operators ready to step into proven earnings

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Leasehold Rent:

$720,000 per annum