Upscale Steakhouse Restaurant and Bar

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$225,000 $843,274

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Upscale Steakhouse Restaurant and Bar Broker: Marc Lazarus

Quick Facts

Asking Price: $225,000
Annual Revenue: $843,274
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 8
BBN Listing #: 131050121
Broker Reference #: 6301-461753

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Business Overview:

This restaurant is located close to Times Square and serves the theater crowd as well as the local neighborhood. Excellent reviews on social media.The dinner menu includes salads and pasta. Filet Mignon, NY Strip, Rack of Lamb, Skirt and Hanger Steak are some of the items customers rave about. They had a custom made grill and 10' hood installed when they took over. Seats 40 including the bar. Staff is unaware of a pending sale and should remain post sale. Place is packed on weekends. Keep the name and menu or introduce your own concept and take advantage of the beautiful buildout and nine years left on the lease. Rent is $13,500 per month plus $10,000 annual taxes. Nine years remain.

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Reason for Selling:

Relocating

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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