Turnkey Restaurant in Upper East Side NYC – $349K – High Foot Traffic Location
Executive Overview
Key Investment Highlights
- •Prestigious Upper East Side address in New York County, NY
- •Expansive 1,300 sq. ft. dining area plus two full basements
- •Favorable lease with five years remaining and renewal option
- •Competitive base rent of $14,200 per month for the area
- •Fully equipped, modern New American restaurant and cocktail bar
- •Full liquor license included
- •2024 sales reaching $922,662
- •Annual cash flow of $74,115
Established in 2019, this restaurant has quickly earned a loyal local following, combining elegant décor with a warm, inviting atmosphere. With indoor seating for 64 guests and an additional 14 outdoor seats, this venue is ideal for both intimate dinners and lively social gatherings. The business operates daily, maximizing revenue with hours from 11 am to 2 am Monday through Saturday and 11 am to 9 pm on Sundays. The two full basements offer ample storage and operational flexibility.
The restaurant is supported by a team of experienced employees, ensuring seamless operations and an easy transition for a new owner. Whether you choose to continue the successful New American concept or introduce your own culinary vision, this turnkey opportunity is perfectly positioned in a high-income, high-traffic neighborhood. All equipment is meticulously maintained and in excellent condition, eliminating upfront investment and allowing for immediate profitability.