Profitable High Volume Well Known Restaurant

New York, NY Restaurant for sale: Newly renovated, high volume restaurant in a major mid-town NYC hotel serving breakfast, lunch and dinner with bar.
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Profitable High Volume Well Known Restaurant


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. 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:

Profitable High Volume Well Known Restaurant

Year Established:

1996

Number of Locations:

1

Number of Seats:

51-150

Size:

, Square Feet

Number of Employees:

11-50

Growth or Expansion Opportunities:

Competition: NONE Potential Growth: Unlimited

Reason for Selling:

RETIREMENT/ MOVING OUT OF THE COUNTRY

Financial Details

Asking Price:

$6,000,000

Gross Revenue:

$5,000,000

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

Contact Listing Owner