Take over Restaurant and make money

Asking Price$99,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$800,000

Inventory$10,000
Included in asking price
FF&E$150,000
Included in asking price
listing imageSave

Take over Restaurant and make money


Asking Price$99,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$800,000

Inventory$10,000
Included in asking price
FF&E$150,000
Included in asking price
Business Description
Established Chinese Restaurant - Prime Midtown Manhattan Location

This profitable Chinese restaurant presents an exceptional opportunity in one of Manhattan's most desirable commercial corridors on Lexington Avenue. Operating successfully since 2025, this established business generates $800,000 in annual revenue while maintaining a loyal customer base of local residents and office workers.

Location & Operations:
- Prime Midtown Manhattan location on Lexington Avenue
- 800 square feet of restaurant space
- Heavy foot traffic area near subway station
- Surrounded by numerous office buildings
- Currently operates 6 days per week (11am-7pm)
- Focuses on lunch service and light dinner offerings

Financial Overview:
- Annual Revenue: $800,000
- Cash Flow: $9,000/month
- Asking Price: $99,000
- FF&E Value: $150,000
- Inventory: $10,000 (included in price)

Lease Details:
- Monthly Rent: $16,480
- Lease Term: Through August 31, 2034
- Leased premises (real estate not included)

Growth Opportunities:
- Significant expansion potential for breakfast service
- Late-night dinner menu development
- Established customer loyalty provides foundation for growth
- High-traffic location supports extended operating hours

Business Highlights:
- Established customer base with strong local loyalty
- Strategic location in high-density commercial area
- Unique food offerings differentiate from competition
- Absentee owner operation demonstrates systems in place
- Long-term lease security through 2034

The current owner operates as an absentee and will provide training support during transition. This turnkey operation offers immediate income potential with substantial growth opportunities for an operator ready to expand service hours and menu offerings.

Reason for Sale: Business partnership dissolution

This represents a rare opportunity to acquire an established restaurant in Manhattan's competitive market at an attractive price point relative to location value and revenue potential.
About the Business
Years in Operation
1
Employees
6 Full-time
stable fulltime employees
Facilities & Assets
800 SF retail level + 400 SF basement storage. Appliances include 2 gas ranges, 1 small hibachi grill, 2 fryers, 1 noodle cooker, 5 refrigerators/freezers, 1 built-in cooler storage unit, and multiple rice cookers. Ventilation system was customized and installed, also the current business owner did a full gut renovation.
Market Outlook / Competition
The target customers are local residents and daily employees around the location; the food is one of a kind, they earned a good amount of loyalty at local level.
Opportunities for Growth
There is huge potential for expansion to breakfast and dinner meal.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
800
Rent
$16,480.00 per month
Lease Expiration
8/31/2034
About the Sale
Seller Motivation
Business partners break-up
Transition Support
The business owner will provide training for an agreed period of time.
Listing Info
ID
2489302
Listing Views
Attached DocumentsAttachment Disclaimer

AGREEMENT OF CONFIDENTIALITY (NDA)_English+chinese.pdf


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Business Listed by: Rujian Gao

Listing ID: 2489302 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.