Current Use by Public Records
- Retail properties & Spaces
Property Details for 000 Sales
- Year built
- 2015
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This thriving Manhattan bistro, located in the heart of the Lower East Side (zip code 10002), presents a unique opportunity for a savvy investor. Established in December 2015 and operating for over nine years, this 870-square-foot restaurant boasts a proven track record of success. The current lease, expiring August 31, 2025, includes a monthly rent of $9,100. The business generated approximately $780,000 in revenue during 2023, resulting in owner earnings of $60,000. The sale includes all furniture, fixtures, and equipment, a comprehensive list of which is available upon request. This includes a fully equipped kitchen featuring a hood system, griddle, convection oven, fryer, induction range, and ample refrigeration. The bar area is equally well-appointed, with bar equipment, an ice maker, and a sound system. The sale also includes the business name, social media presence, email list, and recipes. The restaurant's inviting atmosphere, seating up to 50 guests (40 inside), and prime location in a vibrant neighborhood with high foot traffic ensure continued success. The current owners are pursuing new career paths, making this a turnkey opportunity for a new owner to step in and continue the established success or implement their own concept. The asking price is $149,000, and seller financing is not available. The business employs eight people. The space offers potential for expansion, with the possibility of taking over the adjacent space.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9859
- Latitude
- 40.7135
