Profitable Tribeca Italian Restaurant · $2.1M Rev · Full Liquor

Below-market rent, trained team, growing revenue — turnkey opportunity

Inventory:

$50,000
Not included in asking price

Furniture, Fixtures, & Equipment (FF&E):

$250,000
Included in asking price

Employees:

Seasoned

Facilities:

3,100 SF turnkey across two levels. Ground floor (1,450 SF): dining room, full bar, host station, restrooms, full-height storefront windows. Sidewalk café authorization for 22 seasonal seats. Lower level (1,650 SF): prep kitchen, walk-in refrigerator and freezer, dry storage, office, employee restroom, mechanical room. Commercial kitchen build-out: line equipment, ranges, ovens, refrigeration, prep stations, three-compartment dishwashing, exhaust hood with Ansul fire suppression. Front of house: custom banquettes, dining furniture, bar back with refrigeration, glassware, china, silver, lighting, sound system. Technology: Toast POS with full transaction history, OpenTable and Resy reservations, integrated payment processing, QuickBooks back office. Licenses: Full liquor license; NYC restaurant operating permits; sidewalk café authorization; current health certification; certificate of occupancy. Build-out completed 2022. All FF&E owned outright and included.

Competition:

Tribeca is one of Manhattan's most affluent and dynamic dining submarkets, anchored by a dense concentration of luxury residential, creative office, and entertainment industry presence. The neighborhood draws a consistent base of high-income locals supplemented by destination diners, hotel guests, and downtown business traffic. The local dining scene is mature and competitive, with a long-standing roster of established operators across price points and cuisines. Italian remains one of the most consistently demanded categories in the submarket. The business holds a defensible position through its location, established reputation, full liquor license, and below-market rent — a structural cost advantage that materially differentiates it from competitors paying current market rates. Barriers to entry are meaningful: limited available restaurant space, lengthy permitting and licensing timelines, significant build-out capital requirements, and competition for experienced hospitality talent.

Growth & Expansion:

Multiple unrealized growth levers available to a new owner without significant capital investment: Restore Sunday service — paused in 2026; contributed ~$95K in 2025 revenue with proportional cash flow. Expand lunch and brunch — currently dinner-focused, leaving significant daypart capacity unused. Strong daytime traffic from residential, hotel, and business audiences. Build private events and buyouts — generated only ~$7K in 2025 despite venue capacity, layout, and full liquor license being well-suited to private dining and corporate functions. Develop the beverage program — wine and spirits already represent 41% of revenue. Upside in wine club, by-the-glass curation, retail bottle sales, and tasting events. Marketing and digital presence — modest current spend, with room to expand brand reach through targeted campaigns in a neighborhood with strong organic media exposure.

Financing:

Seller financing available

Seller financing considered for very qualified operators.

Support & Training:

Seller will provide reasonable transition support to ensure a smooth handoff, including operations, vendor relationships, systems, and staff introductions. Extended consulting available on mutually agreeable terms. Trained kitchen and front-of-house team in place and transferable with the business.

Reason for Selling:

Seller moved out state and prefers to downsize. Not a distressed sale.

Location:

New York, NY

Real Estate:

Leased

Building SF:

3,100

Lease Expiration:

04/30/2038

Rent:

$18,500.00