Listing ID: 71389

Business Overview

Positioned in one of New York City’s most active hospitality corridors, this location benefits from constant foot traffic, a dense residential population, nightlife activity, and strong destination dining demand. The East Village remains one of NYC’s most desirable neighborhoods for restaurant, wine bar, cocktail bar, and hospitality concepts.

This is being offered as an asset sale, creating a flexible opportunity for a buyer to rebrand, reposition, or introduce a completely new hospitality concept while taking advantage of an already built-out restaurant space.

Key Highlights

Prime East Village location

Existing wine & beer license in place

Fully vented Type 1 kitchen

Can be converted into virtually any hospitality concept

Below-market Manhattan rent

Strong nightlife and dining corridor

Turnkey infrastructure significantly reducing startup costs

Lease & Occupancy

Monthly Rent: $7,755.03 (includes water)

Favorable occupancy cost for a Manhattan hospitality location

Existing infrastructure provides major savings versus building new

The rent structure is considered highly competitive for the East Village market, especially for a vented restaurant space with existing licenses and restaurant infrastructure.

Current Operations

The business is currently generating approximately:

$25,000/month in gross sales

The space is presently operating as a wine bar concept but offers significant flexibility for repositioning into:

Cocktail bar

Upscale wine concept

Italian restaurant

Café or espresso bar

Sushi / Asian concept

Tapas or small plates venue

Fast casual concept

Hybrid nightlife/lounge operation

Existing Infrastructure & Operational Advantages

Existing Type 1 vented kitchen

Existing bar buildout

Existing dining layout

Existing beer & wine licensing

Established utility and vendor setup

These factors substantially reduce the time, cost, and permitting hurdles associated with opening a new hospitality venue in Manhattan.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $169,999
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.