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#Business ID: 19490

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High Volume Major Hotel Restaurant in New York City

Business Location: New York City, New York, United States

Asking Price: BUSINESS SOLD Revenue: $ 6,000,000 Cash Flow: $ 2,750,000

[Furniture / Fixtures and Inventory / Stock included]

Business Summary

Newly renovated, high volume restaurant in a major hotel serving breakfast, lunch and dinner with bar. This restaurant with 147 seats and 10 bar stools has a long term exclusive contract with the hotel to provide room service to 900 hotel rooms, perform hotel catering duties, serve guests meals utilizing hotel vouchers and provide food for the main bar in the hotel. In addition, this restaurant is the beneficiary of the high walk-in traffic it gets from being street level on a corner location of a busy commercial mid-town neighborhood. For dinner this busy restaurant is transformed into a bistro serving upscale food to both hotel guests and locals.

Property Details

Years Established:

1996

Property Type:

Lease

FF&E:

$ 2,000,000

Inventory Value:

$ 10,000

Other Business Details

Business Location:

Lease Expire: 0000-00-00 Option: yes Lease Security: 100000 Monthly Rent: $ 37,750 Square Footage: 3000 Facilities: Main restaurant in a major hotel with entrances both from the street and inside the hotel

Competition:

none

Expansion Potential:

Unlimited

Business Operation Details

Employees:

16

Trading Hours:

Days & Hours of Operation: 24/7 Owner Hours: 40

Support & Training:

Complete training included but purchaser must have restaurant management experience (see owner qualifications).

Miscellaneous Details

Financing Available:

Yes
Negotiable.

Reason For Selling:

Retirement / moving out of the country.

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