Very Profitable, High Volume, Well Known Restaurant In New York City

New York, NY (New York County)

Seller Financing Available
Very Profitable, High Volume, Well Known Restaurant In New York City
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Asking Price: Get Financing: $6,000,000

Cash Flow: $1,700,000

Gross Revenue: $5,000,000

EBITDA: N/A

FF&E: $2,000,000

Inventory: $10,000

Lease Rate: N/A /SF

Established: 1996

Very Profitable, High Volume, Well Known Restaurant In New York City

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Business Description

Newly renovated, high volume restaurant in a major mid-town NYC hotel serving breakfast, lunch and dinner with bar. This restaurant has a long-term lease and a long-term contract with the hotel both expiring in 2027 to provide room service and liquor to over 900 hotel rooms, perform hotel banquet & catering duties, serve guests meals utilizing hotel vouchers and provide food for the main bar in the hotel. In addition, this restaurant is the beneficiary of the high walk-in traffic it gets from being street level on a corner location of a busy commercial mid-town neighborhood. For dinner this busy restaurant is transformed into a bistro serving upscale food to both hotel guests and local

Newly renovated, high volume restaurant in a Major Hotel serving breakfast, lunch and dinner with bar. This restaurant with 147 seats and 10 bar stools has a long term exclusive contract with the hotel to provide room service to 900 hotel rooms, perform hotel catering duties, serve guests meals utilizing hotel vouchers and provide food for the main bar in the hotel. In addition, this restaurant is the beneficiary of the high walk-in traffic it gets from being street level on a corner location of a busy commercial mid-town neighborhood. For dinner this busy restaurant is transformed into a bistro serving upscale food to both hotel guests and locals.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Option: YES Lease Security: 100000 Square Footage: 3000 Type of Location: Commercial Facilities: Only Restaurant in a Major Hotel with entrances both from the street and inside the hotel
Competition:
NONE
Growth & Expansion:
Unlimited
Financing:
Negotiable
Support & Training:
COMPLETE TRAINING AND SUPPORT but Purchaser must have restaurant management experience ( see owner qualifications )
Reason for Selling:
RETIREMENT/ MOVING OUT OF THE COUNTRY
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(from currently available funds)
 
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