Well Equipped East Village NYC Restaurant for Sale

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$149,000 $500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Well Equipped East Village NYC Restaurant for Sale Broker: Steve Weinbaum

Quick Facts

Asking Price: $149,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 6
BBN Listing #: 76638096
Broker Reference #: 8131

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Business Overview:

Beautifully Built Out, Furnished and Fully Equipped Restaurant For Sale in the Heart of the East Village in New York City near Tompkins Square Park. If you are looking to open up a restaurant or cafe in this highly sought after area, it is faster and cost effective to take over this existing location and lease. Manageable 700 square foot restaurant can seat up to 27 with plans to build outdoor seating for additional 12 guests.

2021 is the year that everyone wants to get back outside and into a more normal and social routine. What better time to own a Cafe, Bistro, Wine Bar, or Restaurant For Sale in the East Village. The East Village 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 is only three years young so all of the equipment, furniture, and decor is in ideal condition and ready for your offer with We Sell Restaurants. The owners spared no expense when building out this beautiful restaurant. There's an inviting bar area equipped with refrigerator, ice bin, sink, wine fridge, and high end coffee maker with grinder. The table seating is quaint with Vermont sourced walnut table tops, and a semi-open kitchen area equipped with a Viking professional 6-burner induction stove, Rational oven, salamander, freezer, refrigerator, slicer, heat lamps, and even a walk-in fridge.

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, 2019 revenue was around $500,000 and in 2020, even with the impact of Covid, sales were $300,000. The current rent per the lease, which runs all the way into 2025 is $6000 per month, however the landlord has been discounting the rent for the current tenant. The owners are taking their concept to a new location and this spot is perfect for the next great cafe, bistro, or restaurant concept. Contact your restaurant broker at We Sell restaurants to learn more.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

13 west elm chairs 11 Vermont walnut table tops 1 Bar 1 Bar Fridge 1 Bar ice bin 11 barstools 1 2 burner coffee maker and grinder 1 24 bottle wine fridge 1 Rational Oven 1 Viking 6 burner professional stove 1 Salamander 1 double door fridge 1 walk in fridge 1 single door freezer 1 kitchenaid mixer 1 vitamix 2 ss wall mounted shelves 1 custom ss counter top 1 custom made storage 2 heat lamps all cookware all smallwares 1 meat slicer 1 food warmer

Market Competition and Expansion:

High-end appliances, newly renovated space (electrical, plumbing, floors and walls), affordable rent.

Reason for Selling:

Relocation.

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.

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