Standalone Bar & Restaurant for Sale - Business for Sale

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Standalone Bar & Restaurant with Event Space in Manhattan, NY

New York, NY, US
Added 2 days ago
Food & Beverage, Entertainment, Leisure, & Recreation, Retail Stores
0 years in business
RemoteAbsentee / Semi-Absentee

Standalone bar and restaurant in Manhattan, NY with a fully renovated facility, outdoor patio, and an unused event space, offering an option to purchase the real estate.

Key Information

Asking

$450K

Revenue

$1.0M

Earnings

$176K

Multiple

2.5x

Key Highlights

  • 2,400 SF main restaurant with outdoor patio
  • Unused 30’ x 20’ event space (40 capacity)
  • Complete gut renovation in 2023 (new kitchen, plumbing, HVAC, electrical, floors, ceilings, walls)
  • 12.5 years remaining on lease; rent: $8,700/month (NNN)
  • Option to purchase property for $1,300,000
  • Fully staffed, including 2 cooks
  • Current owner is largely absentee (10–12 hrs/week)
  • Located in Manhattan, NY

Contact Info

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Standalone Bar & Restaurant for Sale | Business for Sale | SMB Deal OS