Profitable Restaurant for Sale Eastside Manhattan Bistro - $800,000 Sa
Asking Price: | $149,000 |
Gross Revenue: | $779,392 |
Cash Flow: | $57,783 |
Rent: | $9,116/Month |
Beautifully Built Out, Furnished and Fully Equipped Profitable Restaurant for Sale in the Heart of the Lower East Side in New York City. If you are looking to take over the existing concept or open a new restaurant or cafe in this highly sought after area, it is faster and cost effective to take over this existing location and lease. Manageable 870 square foot restaurant can seat up to 50 guests inside and out. Going on their 10th year of operation with an all in rent of $9100 per month. 2023 Annual revenue of $780,000 and $60,000 is Owner Earnings.There is no better time to own this Restaurant for Sale in Manhattan and no better area than the Lower Eastside which is known for its happening nightlife. Old-school bars, music venues, and performance spaces share the streets with posh cocktail lounges and hip restaurants. Daytime sees a more laid-back crowd browsing boutiques, vintage shops and dining at casual cafes. Residents, Visitors, and Businesses line the streets guaranteeing tons of continuous patron traffic.This beautiful and well located Restaurant for Sale offered by We Sell Restaurants has a beautiful and inviting bar-like atmosphere and serves an array of craft cocktails, wines, tapas, salads, crepes, cheese plates and much more. The owners spared no expense when building out this beautiful restaurant. The fixtures and equipment included in the purchase price consists of Ice Maker, Hood, Griddle, Convection oven, Fryer, Induction Range, Bar equipment, refrigeration/freezers, alarm system, sound system and much more located on the main level and in the basement. You will also get the use of the name, social media, email, recipes and more...completely turn-key for a new owner or add/change your own concept to enhance the already strong customer flow.This Restaurant for Sale could easily cost more than the purchase price to build out and equip a restaurant of this quality. In addition to a turn-key location, annual sales in 2023 were close to $800,000 generating earnings of $60,000. The current rent per the lease, which runs thru 2025 is $9100 per month. The next owner will work with the Landlord on a new lease. After 10 years, the current owners have decided on a new career path and have this profitable Manhattan Bistro priced to sell. Contact your restaurant broker at We Sell restaurants to learn more.
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