Standalone Bar & Restaurant for Sale - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
🍽️
Standalone Bar & Restaurant with Event Space in New York, NY
New York, NY, US
Added 5 months ago
Bar & Restaurant
Absentee / Semi-Absentee
Standalone bar and restaurant in New York, NY, featuring a fully renovated facility, outdoor patio, and an unused event space, with an option to purchase the real estate.
Key Information
Asking
$299K
Revenue
$1.0M
Earnings
$176K
Multiple
1.7x
Key Highlights
- 12.5 years remaining on lease at $8,700/month (NNN)
- Option to purchase property for $1,300,000
- 2,400 SF main restaurant with outdoor patio and separate 30’ x 20’ unused building (event/catering/ghost kitchen potential)
- Complete gut renovation in 2023 including new plumbing, HVAC, electrical, kitchen, floors, ceilings, and walls
- Business is fully staffed, including 2 cooks; current owner is largely absentee (10–12 hrs/week)
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence