Business for Sale Overview:
NYC Theater District Restaurant/Bar, Westside Restaurant Row area. Frequented by several theaters. Approximately $25,000 weekly 50/50 Food/Bar. Food cost 20%, Bar cost 15% (does 30% cash). Asian cuisine, many awards. One of the top 10 ethnic type cuisine restaurants in NYC. Fri/Sat over 220 covers each night at over $25 per head, plus big bar action, seating for 75, 12 at bar. Can get OK for outside dining. Has 3 delivery men for lunch. Plenty of walk by traffic. All newer equipment. Basement used for storage. Dining Room modern concept and design. Ample kitchen area with easy access. Owners splitting up. Stays open all day and operates late. Plenty of parking garages nearby. Real money making opportunity. Low food cost menu, lower bar cost. Recommended by Zagat, NYTimes. Semi-absentee owners take out a combined salary of 1,000,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
1,700 square feet plus storage basement 1,200 square feet. Modern concept with newer equipment. Good NYC lease. Plenty of nearby parking garages.
Market Competition and Expansion:
Competition: Plenty of restaurants in area (theater district). All do very well.
Expansion: As long as Broadway keeps attracting patrons, so will nearby restaurants flourish. No noticeable reduction in business in economic downturn.
Reason for Selling:
Owners splitting up
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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