Financial Information
Description Yearly Monthly Weekly Percentage
Gross Sales: $1,300,000 $108,333 $25,000
Payroll: $260,000 $21,667 $5,000 20.00%
Rent or Mortgage: $198,000 $16,500 $3,808 15.23%
Utilities: $24,000 $2,000 $462 1.85%
Payroll Taxes: $36,920 $3,077 $710 2.84%
Sales Taxes: $60,000 $5,000 $1,154 4.62%
Pest Control: $2,040 $170 $39 0.16%
Cost Goods Sold: $475,000 $39,583 $9,135 36.54%
Credit Card Charges: $1,200 $100 $23 0.09%
Telephone or Internet: $2,640 $220 $51 0.20%
Asking Price: $350,000
Net Cash Flow: $242,240
Property Information
Listing number:12549Office ID:12549Headline:Long Time Manhattan Burger Joint - Proven ProfitsBusiness Category:Retail Restaurants Full Service - Diners - Pizzeria Or SpecialtyAddress:131 2nd AveState:New yorkCounty:New YorkZip:10003City:New YorkSize of Space:800 sq ft plus full basementTerms Of Lease:10Alternate Headline:Well Established Profitable Burger Joint in Lower ManhattanSimple Text Headline:Profitable Longtime Burger Joint in Lower Manhattan
Other Information
Years Established:35Years Owned:18Employees:8Reason For sale:Other OpportunitiesCommission:8
Business Description
Legendary Lower Manhattan Burger Joint – Established Since the 1980s
Asking Price: $350000

A rare opportunity to own a true Manhattan institution. This iconic 800 sq ft burger restaurant has been serving up classic American fare since the 1980s and has been under the same dedicated ownership since 2007. Located in one of Lower Manhattan’s hottest and most densely populated neighborhoods, this beloved burger spot is known for its loyal customer base, nostalgic vibe, and steady cash flow.

With gross sales of $1.3 million and owner’s net profit of $240,000, this business offers both stability and upside potential. The rent is $16,500/month with 6 years remaining on the lease, and the property includes a full basement for storage and prep space.

Highlights:
Long-established name with strong brand recognition

Prime Lower Manhattan location

Fully equipped kitchen and vented hood system

Consistent sales and solid profitability

Turnkey operation with trained staff in place

Full basement for storage and expansion of operations

Opportunities for Growth:
Refresh the interior to align with current trends while maintaining its classic charm

Invest in marketing and social media to attract a broader and younger audience

Expand menu or hours to capture additional revenue streams

Whether you're an experienced operator looking to expand or an entrepreneur seeking a high-traffic, proven concept in NYC, this is your chance to own a piece of New York burger history.

Inquire today — opportunities like this don’t come around often.