Iconic NYC Hotel Restaurant and Coffee Shop

New York, NY Restaurant for sale: Newly renovated, high volume restaurant with 147 seats and 10 bar stools in a major mid-town NYC.
*Image may not represent actual restaurant

Iconic NYC Hotel Restaurant and Coffee Shop


Newly renovated, high volume restaurant with 147 seats and 10 bar stools in a major mid-town NYC hotel service breakfast, lunch and dinner with bar. This restaurant has a long-term lease with the hotel both expiring in 2027. This restaurant located adjacent to the lobby of the hotel on the ground floor provides room service and liquor to over 900 hotel rooms, performs hotel banquet & catering duties, serves guests meals 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 with its own dedicated entrance 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, NYC tourists and locals. Additional Details: The property is leased. The owner is not willing to train/assist the new owner. This is not a homebased business opportunity. This is not a franchise resale opportunity.



Location

Country:

USA

State or Province:

NY

City:

New York

Location Zip or Postal Code:

10016

Listing Information

Title of Listing:

Iconic NYC Hotel Restaurant and Coffee Shop

Year Established:

1982

Number of Locations:

1

Number of Seats:

51-150

Size:

, Square Feet

Number of Employees:

11-50

Reason for Selling:

Retirement

Financial Details

Asking Price:

$4,000,000

Gross Revenue:

$5,000,000

Gross Revenue Range:

$1,000,000+

EBITDA Range:

Under $100,000

SDE Range:

$100,000

Contact Listing Owner