New! Hells Kitchen Key Money.

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$80,000 $206,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: New! Hells Kitchen Key Money. Broker: Carey Davis

Quick Facts

Asking Price: $80,000
Annual Revenue: $206,000
Net Profit: Not Disclosed
Cash Flow: $35,090
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 39935879
Broker Reference #: 70841-150288

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Business Overview:

The sale price has been lowered to $80,000 or best offer. The lease- including option- runs til 2029! Current rent is $9,250 per monthly including real estate tax. Full Bar. Licensed to 4 am. Great location. Hell Kitchen with new upscale Gay bar opening next door.
Gut renovated in late 2016. $80K or best offer gets all the appliances, custom built bar. The owner must sell because of health reasons. The restaurant remains open and profitable- a popular place now serving eclectic and delicious Peruvian and Mexican dishes.

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Property Features and Assets:

The restaurant opened in December 2016. It proudly serves a creative combination of Mexican and Peruvian food. The menu has options for lunch, brunch, and dinner seven days a week. Favorite delicacies range from ceviche in the summer to savory chicken soup for the colder months. Innovative specialties include chicken mole poblano and shrimp al tequila.

Market Competition and Expansion:

Great lease with 8 years remaining and an option after. The owners work hard to be the top Latin bistro in Manhattans trendy Hell's Kitchen. Exotic and traditional beer and cocktails come from behind the hand-made bar. The New York permit allows alcohol sales until 4 am- making the extension of hours a potential growth area. Hell's Kitchen is famous for its fun atmosphere, and the bistro attracts a diverse group of locals, tourists, gay-friendly all looking for mouthwatering Mexican-Peruvian dishes and a good time!

Reason for Selling:

Health

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.

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