Profitable High Volume NYC Hotel Restaurant with Exclusive Contract
Financial Details
- Asking Price:
- $6,000,000
- Annual Revenue:
- $5,000,000
- Cash Flow / SDE:
- $100,000
- Profit Metric:
- SDE
- Valuation Multiple:
- 60.0x
- Location:
- New York, NY, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This is a profitable, high-volume, and well-known restaurant located in a major hotel in mid-town New York City. Newly renovated, it serves breakfast, lunch, and dinner, complete with a bar. The business benefits from an exclusive, long-term contract with the hotel, expiring in 2027, which includes providing room service to over 900 hotel rooms, handling hotel banquets and catering, serving guests with hotel vouchers, and supplying food for the main hotel bar. Its street-level corner location in a busy commercial neighborhood also drives significant walk-in traffic. For dinner, the restaurant transforms into a bistro offering upscale cuisine to both hotel guests and locals. The property is leased, and the business is not a franchise resale. The owner is selling due to retirement and moving out of the country.
Industry Information
- Industry Description:
- Restaurant and Food Service within a Major Hotel
- Classification:
- Restaurants & Food
Operational Snapshot
- Year Established:
- 1996
- Reason for Selling:
- Retirement/Moving Out of Country
Real Estate & Lease
- Status:
- Leased
- Lease Expiration:
- 2027
Listing Details
- Listing ID:
- 1ed63774-9815-4c95-9494-af08b1bdac08
- Deal Status:
- For Sale
- Last Updated:
- September 15, 2025
- Currency:
- USD