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.
Country: | USA |
State or Province: | NY |
City: | New York |
Location Zip or Postal Code: | 10016 |
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 |
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 |