NoMad Modern Asian Restaurant & Bar | $1.6M Sales, $349K SDE
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Verified POS Financials - Growing Sales - 7+ Years on Lease
Established Modern Asian Restaurant & Bar — NoMad, Manhattan
A profitable, design-led modern Asian restaurant and cocktail bar in one of Manhattan's strongest dining corridors, steps from Madison Square Park and surrounded by hotels, offices, and destination dining.
Financial Performance
The business generated $1.63M in net sales in FY2025 with approximately $349K in Seller's Discretionary Earnings — a 21.4% SDE margin. Net sales grew sequentially in all four quarters of 2025, with Q4 running 24% above Q1, and 2026 is pacing ahead of the prior year on both volume and average check. Roughly 99% of sales settle by card through the POS system, so revenue and earnings are fully verifiable — no cash-verification exercise required.
The Operation
Full table-service dinner concept with a craft cocktail, wine, and spirits program. Revenue mix runs approximately 70% food and 30% beverage. The restaurant served more than 32,000 guests in 2025. Fully built out with a trained kitchen and front-of-house team in place, an established brand, a repeat guest base, and a private-events program already generating revenue. Full liquor license in place.
Growth Opportunities
The business currently operates dinner service only. Brunch — the standout opportunity — has never been offered, despite a concept, room, and bar program naturally suited to it and a neighborhood that supports weekend daytime traffic. Weekday lunch is likewise untapped, as is takeout and delivery, which represented under 0.1% of 2025 sales. The existing private-events trade can be scaled with dedicated sales outreach to the surrounding corporate and hotel base. Each of these levers sits inside the existing four walls — no additional rent, no build-out, no new license required.
The Real Estate
Long-term lease in place through November 2033 with an institutional landlord. Ground-floor space in a high-visibility corridor.
Transition
Ownership will provide training and reasonable transition support to a qualified buyer.
Business name, address, and full financial detail are provided to qualified buyers following execution of a Non-Disclosure Agreement. All inquiries are handled exclusively through Kaden Consulting Inc., exclusive advisor to ownership.
A profitable, design-led modern Asian restaurant and cocktail bar in one of Manhattan's strongest dining corridors, steps from Madison Square Park and surrounded by hotels, offices, and destination dining.
Financial Performance
The business generated $1.63M in net sales in FY2025 with approximately $349K in Seller's Discretionary Earnings — a 21.4% SDE margin. Net sales grew sequentially in all four quarters of 2025, with Q4 running 24% above Q1, and 2026 is pacing ahead of the prior year on both volume and average check. Roughly 99% of sales settle by card through the POS system, so revenue and earnings are fully verifiable — no cash-verification exercise required.
The Operation
Full table-service dinner concept with a craft cocktail, wine, and spirits program. Revenue mix runs approximately 70% food and 30% beverage. The restaurant served more than 32,000 guests in 2025. Fully built out with a trained kitchen and front-of-house team in place, an established brand, a repeat guest base, and a private-events program already generating revenue. Full liquor license in place.
Growth Opportunities
The business currently operates dinner service only. Brunch — the standout opportunity — has never been offered, despite a concept, room, and bar program naturally suited to it and a neighborhood that supports weekend daytime traffic. Weekday lunch is likewise untapped, as is takeout and delivery, which represented under 0.1% of 2025 sales. The existing private-events trade can be scaled with dedicated sales outreach to the surrounding corporate and hotel base. Each of these levers sits inside the existing four walls — no additional rent, no build-out, no new license required.
The Real Estate
Long-term lease in place through November 2033 with an institutional landlord. Ground-floor space in a high-visibility corridor.
Transition
Ownership will provide training and reasonable transition support to a qualified buyer.
Business name, address, and full financial detail are provided to qualified buyers following execution of a Non-Disclosure Agreement. All inquiries are handled exclusively through Kaden Consulting Inc., exclusive advisor to ownership.
About the Business
- Years in Operation
- 3
- Employees
- Seasoned staff
- Facilities & Assets
- Fully built-out ground-floor restaurant and bar in a high-visibility Manhattan corridor, with basement storage included in the lease. The space was custom-built by current ownership in 2023 with a design-led interior — warm wood millwork, full table-service dining room, and a dedicated bar. Turnkey and fully equipped: commercial kitchen, walk-in refrigeration, furniture and fixtures, and Toast POS . Full liquor license in place. Long-term lease runs through November 2033 with an institutional landlord. All FF&E included in the sale; inventory at cost.
- Market Outlook / Competition
- The business sits in NoMad/Flatiron, one of Manhattan's most active dining corridors, surrounded by hotels, offices, residential buildings, and steady visitor traffic. The area supports a dense mix of full-service restaurants across many price points and cuisines, sustaining its reputation as a dining destination and drawing consistent evening demand.
Modern Asian cuisine continues to perform well in Manhattan, with broad appeal among local and visiting diners. The business has established itself here through a design-led room, a full bar program, and a repeat customer base — reflected in four consecutive quarters of sales growth in 2025 and continued growth in 2026.
The market is competitive, as in any Manhattan corridor, and operators must maintain quality to hold position. This business has done so while building a loyal following, competing on experience and execution rather than price - Opportunities for Growth
- The business currently operates dinner service only, leaving several revenue opportunities unaddressed within the existing space and license.
Brunch is the standout opportunity. The business has never offered brunch, despite a concept, room, and bar program well suited to it and a neighborhood that supports weekend daytime traffic. This is the single largest lever available at essentially no added fixed cost.
Weekday lunch is likewise untapped, with a surrounding office population already in place.
Takeout and delivery represented under 0.1% of sales in 2025 — effectively zero. The cuisine travels well on third-party platforms in Manhattan.
Private events are already active and producing revenue, giving a buyer a proven format to scale rather than a concept to prove. Dedicated outreach to the surrounding corporate and hotel base could build a stronger events calendar.
Each of these sits within the current four walls: no additional rent, no build-out, no new license required.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,800
- Rent
- $16,000 per month
- Lease Expiration
- 11/30/2033
About the Sale
- Seller Motivation
- Ownership is pursuing other business interests.
- Transition Support
- Ownership will provide reasonable transition and training support to a qualified buyer. Scope and duration to be agreed as part of the transaction. Trained kitchen and front-of-house staff in place.
Listing Info
- ID
- 2532217
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2532217 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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