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Broker Name:Lisiten Associates
Broker Email:ron@bbpinc.com
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VERY PROFITABLE, HIGH VOLUME, WELL KNOWN RESTAURANT IN NEW YORK CITY
(HOSPITALITY, RESTAURANTS)
NEW YORK, NEW YORK
Listed Price: $ 6,000,000
Listing ID: XC3330622

Listing DetailsGross Revenue: $ 5,000,000
Cash Flow: $ 1,700,000
FFE: $ 2,000,000 (Included in Price)
Inventory: $ 10,000 (Included in Price)
Form of Ownership: S Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:

RETIREMENT/ MOVING OUT OF THE COUNTRY


Training & Support:

COMPLETE TRAINING AND SUPPORT but Purchaser must have restaurant management experience ( see owner qualifications )

 


Listing SummaryBusiness Description:

 

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. 


Historical Summary:

 

This very successful, high volume restaurant has been open for over 30 years in a well known MAJOR mid-town Hotel. Both the hotel and the restaurant recently underwent major renovations and upgrades. 


Owner Qualifications:

 

Prior restaurant management experience is a must.

This is a very busy, high volume restaurant that the hotel depends on to provide top notch service and high quality meals to its many guests.

A buyer for this business will be required to have proven prior experience running a successful high volume establishment capable of managing all facets of the operation. 


Competition:

NONE


Potential Growth:

Unlimited


Financing/Terms:

Negotiable


LocationOption: YES
Lease Security: 100000
Square Footage: 3000
Type of Location: Commercial
Facilities:

 

Only Restaurant in a Major Hotel with entrances both from the street and inside the hotel 


OperationYear Established: 1996
Days & Hours of Operation: 24/7
Owner Hours: 30
Employees: 20
Managers: 1
Absentee Owner: Yes

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Contact Us

330 East 38th St.
New York, NY
212-661-4160 or LisitenAssoc@gmail.com Sitemap

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