High-End, Profitable Restaurant in New York
Asking Price: | $850,000 |
Gross Revenue: | $1,400,000 |
FF&E: | $250,000 |
Cash Flow: | $400,000 |
Inventory: | $35,000 |
Established Year: | 1967 |
LISTING ID # 36582
This is a rare opportunity to own a well-established, high-end, and profitable restaurant in a prime, high-traffic location. The fully renovated, 4,200 sq. ft. space is completely turnkey, featuring a modern cook line with new broilers, fryers, grills, and stoves, along with two walk-in refrigerators, one walk-in freezer, and numerous other recent upgrades. The free-standing building offers seating for 120 guests, ample parking, and a separate bar/lounge with a vibrant atmosphere, signature cocktails, and live entertainment on weekends. Known for its creative chef and amazing daily specials, the restaurant attracts a loyal following, including a bustling happy hour crowd. Despite being open only five evenings a week for a total of 27 hours, the business boasts impressive financials and year-round consistency, with significant growth potential by expanding to six or seven days, adding a lunch menu, or increasing catering services. With a strong reputation as a go-to spot for parties and special occasions, this is a truly unique opportunity to own a thriving business with the option to purchase the property. For more information, contact the broker.
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