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Business For Sale. Very Profitable, High Volume, Well Known Restaurant In New York City

LISTING DETAILS
Firms For Sale ID:
34206
Vendor reference:
C3330622
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
$6,000,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$5,000,000
Net profit / cashflow:
$1,700,000
Years established:
1996
Trading hours:
Days & Hours of Operation: 24/7 Owner Hours: 30
Number of employees:
20
Employees / staffing:
Managers: 1 Absentee Owner: Yes

OTHER DETAILS
Reason for selling:
RETIREMENT/ MOVING OUT OF THE COUNTRY
Financing available:
Negotiable
Support and training:
COMPLETE TRAINING AND SUPPORT but Purchaser must have restaurant management experience ( see owner qualifications )
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS 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.

Expansion Potential
Unlimited

Market / Competition / Non-Competition Agreements
NONE