Midtown Manhattan ! Restaurant for sale ! - Business for Sale
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Midtown Manhattan Hotel Restaurant with Bar and Patio
New York, NY, US
Added 3 months ago
Restaurant
Restaurant located inside the Hilton Garden Inn in Midtown Manhattan, New York, serving hotel guests and local traffic with a full bar, indoor and outdoor seating, and a joint venture liquor license.
Key Information
Asking
$379K
Revenue
$900K
Earnings
$130K
Multiple
2.9x
Key Highlights
- Current rent: $14,000/month (reduced due to scaffolding), escalating 3% annually; previously $21,600/month
- Utilities: approximately $6,000/month
- Payroll: approximately $30,000/month for 6 full-time staff
- Total fixed expenses: approximately $59,000/month
- Seating capacity: 206 (137 indoor, 69 outdoor patio)
- Square footage: approximately 4,000 sq ft plus basement
- Full liquor license (joint venture with Hilton)
- Lease terms: 10 years plus 5-year option
- Business in operation since August 2024 under current ownership
Contact Info
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