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Midtown Restaurant & Bar With Full Liquor License

Listing Number: 6842-204939
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Listing Details

Midtown Restaurant & Bar With Full Liquor License
Price: $135,000
Location: New York County, New York
  • Down Payment: --
  • Sales: $781,118
  • Seller's Discretionary Earnings: $45,040
  • Inventory: $10,000
  • Furniture, Fixtures, and Equipment: $40,000
  • Rent: $10,030
  • Employees: 8
  • Year Established: 2012
  • Reason for Selling: Seller desires to pursue other business ventures

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Business Description

This full-service restaurant and bar has operated for approximately 15 years in Midtown Manhattan and generated more than $750,000 in recent annual sales. The business is positioned in an active dining, entertainment, commercial and residential market serving local residents, professionals, tourists and visitors.
 
A significant asset of the business is its full liquor license and established bar operation. Multiple revenue channels include lunch, brunch, dinner, daily happy hour, cocktails, takeout, delivery, catering and private events, giving an incoming owner several ways to generate sales throughout the week.
 
The sale includes an equipped commercial kitchen, established dining and bar areas, furniture, fixtures and equipment, inventory and operating systems. An experienced staff of approximately eight full- and part-time employees includes a manager and experienced kitchen leadership.
 
A hands-on owner has several opportunities to build on the existing operation. Potential growth areas include expanding catering and private events, increasing local and digital marketing, driving additional reservations, developing partnerships with nearby businesses and hotels, and further promoting lunch, brunch and happy hour.
 
The seller is prepared to provide transition assistance. The business is suited to an experienced owner-operator, hospitality group or restaurateur seeking an established Midtown Manhattan restaurant and bar with a full liquor license, existing infrastructure and multiple avenues for growth.
 
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