For Sale
$149,000

000 SalesNew York, NY 10002

Established Eastside eatery, high revenue.

Overview

Added:
Dec 11, 2024
Days on market:
116
This thriving Manhattan bistro, located in the heart of the Lower East Side (zip code 10002), presents a unique opportunity for a savvy investor. Established in December 2015 and operating for over nine years, this 870-square-foot restaurant boasts a proven track record of success. The current lease, expiring August 31, 2025, includes a monthly rent of $9,100. The business generated approximately $780,000 in revenue during 2023, resulting in owner earnings of $60,000. The sale includes all furniture, fixtures, and equipment, a comprehensive list of which is available upon request. This includes a fully equipped kitchen featuring a hood system, griddle, convection oven, fryer, induction range, and ample refrigeration. The bar area is equally well-appointed, with bar equipment, an ice maker, and a sound system. The sale also includes the business name, social media presence, email list, and recipes. The restaurant's inviting atmosphere, seating up to 50 guests (40 inside), and prime location in a vibrant neighborhood with high foot traffic ensure continued success. The current owners are pursuing new career paths, making this a turnkey opportunity for a new owner to step in and continue the established success or implement their own concept. The asking price is $149,000, and seller financing is not available. The business employs eight people. The space offers potential for expansion, with the possibility of taking over the adjacent space.

Highlights

  • City Confidential: Yes
  • Franchise: No
  • Asset Sale: No
  • Asking Price: $149,000
  • Gross Revenue: $779,392
  • Real Estate Type: Leased

Property Details for 000 Sales

Property type
Retail properties, Restaurants
Square Feet
870 SF
Year Built
2015

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7135097
Longitude
-73.9859414
000 Sales, New York, New York

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000 Sales
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