Newly Built Restaurant with 40+ Seat Outdoor Seat

New York, NY
New York County

Upper East Side

Asking Price: Annual Revenue:
$400,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Newly Built Restaurant with 40+ Seat Outdoor Seat Broker: Henry GALASSO
Owner Financing is Available!
Negotiable for right buyer

Quick Facts

Asking Price: $400,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $188,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 744735273
Broker Reference #: 11835

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Business Overview:

Gorgeous NYC Restaurant Bar on the Upper Eastside of Manhattan comes with an unheard of, incredibly low, monthly rent of $14,500. The lease has 12 years remaining and has 3% annual increases. Restaurant is only responsible for a portion of the Real Estate increases from the base year. No expense spared in building this beautiful restaurant. The restaurant covers 2 storefronts totaling 2,500 square feet plus a covered temperature controlled outdoor seating area in the back! This is a major selling point for all seasons, and can double as a party room. Again, the owners spared no expense even digging the basement to optimize full ceiling heights so that they can use the basement for Prep, storage, and refrigeration. This helps increase the main floor to a 120 seats throughout and a 12 seat Bar. The owners spent a lot of money building and renovating this restaurant, but unfortunately they must move out of state. Currently operates as an Indian Restaurant catering to the ever diverse neighborhood were the Upper East Side meets Lenox Hill. The tasteful decor and design of this restaurant allows it to easily be converted to any Cuisine of your choice. To build a space like this would cost you close to a million dollars. You can buy it for much less and the added bonus is unbelievable lease of just only $14,500 a month with a shocking 12 year lease!!! Don't sleep on this once in a lifetime opportunity.

For More Information Please Contact Bob Patel.

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Reason for Selling:

Other business interests.

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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