Standalone Bar & Restaurant - Business for Sale
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Standalone Bar and Restaurant in New York, NY
New York, NY, US
Added 1 month ago
Bar & Restaurant
Absentee / Semi-Absentee
Standalone bar and restaurant in New York, NY, operating from a fully renovated 2,400 sq ft corner property with an outdoor patio and an unused event space, offering an option to purchase the real estate.
Key Information
Asking
$399K
Revenue
$1.0M
Earnings
$176K
Multiple
2.3x
Key Highlights
- 12.5 years remaining on lease with rent at $8,700/month (NNN)
- Option to purchase the property for $1,300,000
- Fully gut-renovated in 2023 with new plumbing, HVAC, electrical, kitchen, floors, ceilings, and walls
- 2,400 SF main restaurant with outdoor patio and a separate unused 30’ x 20’ building (event space, 40 capacity)
- Fully staffed, including 2 cooks; current owner is largely absentee (10–12 hrs/week)
Contact Info
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