NEW YORK, New York
| Asking Price |
$349,000 |
Year Established |
|
|
| Annual Revenue |
$922,662 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$74,115 |
Listing Number |
985536 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Step into one of the most beautifully designed restaurant spaces in Manhattan’s coveted Upper East Side. This turnkey opportunity boasts an impeccable build-out, offering an elegant and inviting ambiance that is second to none. With 1,300 sq. ft. of prime dining space plus two full basements, this restaurant is fully equipped for success. Established in 2019, it has already built a strong presence in the neighborhood and comes with a highly favorable lease—five years remaining on a ten-year agreement with an option to renew, providing long-term security in one of NYC’s most desirable locations.
With a rent of $14,200 per month, this space presents operational efficiency. The restaurant is currently staffed with experienced employees, ensuring a seamless transition for a new owner. The layout, design, and high-end finishes make this an ideal opportunity for an experienced operator looking to establish or expand their presence in a high-foot-traffic, high-income neighborhood. Whether you maintain the existing concept or introduce a fresh new vision, this space is designed to impress and thrive.
This is more than just a restaurant—it’s a statement piece in one of NYC’s most prestigious areas. With an unmatched build-out, strong lease terms, and a prime location, this opportunity is truly one-of-a-kind. Don’t miss your chance to own a beautifully curated dining experience in the heart of the Upper East Side! Contact us today for more details and to schedule a showing.
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Five (5) years remaining on 10-year lease with option to renew.
BASE RENT: $14,200
CONCEPT: New American Restaurant & Cocktail Bar
SIZE: 1300 sq ft + 2 basements
SEATS: 64 inside 14 outside
HOURS: Open 11a-2a Mon-Sat, Open 11a-9p Sun
LICENSES: Full Liquor License
SALES: $922,662 in 2024
CASH FLOW: $74,115 SDE
ASKING PRICE: $349,000 (For the Business Assets)
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity