1694 2nd Avenue

Description

This sushi restaurant represents a remarkable opportunity for investors or restaurateurs in the bustling Manhattan area. Here's a breakdown of the key details and advantages: Location Advantages - **Prime Commercial Area**: Positioned on 2nd Avenue, adjacent to major subway lines (N, Q, R). - **High Foot Traffic**: The restaurant is in a vibrant district with a mix of residential and commercial buildings, ensuring a steady flow of potential customers. - **Affluent Demographic**: Surrounded by high-end apartments and office spaces, the area attracts a clientele with significant disposable income. Restaurant Specifications - **Size**: Approximately 2,900 sq ft, including a fully equipped basement. - **Patio Space**: Offers an additional 425 sq ft rear patio, enhancing the dining experience. - **Current Revenue**: Approximately $1,600,000 annually, indicating a solid cash flow. Financial Details - **Monthly Rent**: $19,000, which includes property taxes. - **Lease Term**: About 7.5 years remaining, providing stability for the new owner. Operational Highlights - **No Renovations Needed**: The kitchen and sushi bar are fully operational and stylishly designed, making it ready for immediate business. - **Social Media Presence**: The restaurant enjoys high visibility and engagement online, which can be leveraged for marketing. - **Experienced Staff**: The current team is willing to stay on, facilitating a smooth transition and continuity of service. Ideal Candidate This opportunity is perfect for those looking to: - Enter the competitive NYC dining market. - Invest in a business with a reliable customer base and stable cash flow. - Expand their existing restaurant portfolio. This sushi restaurant not only offers a chance to step into a well-established business but also allows for immediate operational benefits in a prime location. If you're considering an investment or expansion in New York's dining scene, this opportunity deserves serious attention.