Established Restaurant ~ Full Bar Service ~ 2 patios ~ 25-Car Parking
Property Description
Real Estate offered for sale at: $1,500,000
Built-in Assets; i.e., bar, walk-in coolers, built in(s) (Negotiable)
Movable /FF&E Asset package are offered separately for: $200,000
(Seller is prepared to remove furniture and equipment to his new locaton, if necessary)
Prominently located along the Roosevelt Road commercial corridor in Westchester, the establisted, free-standing restaurants offers a rare opportunity to acquire the real estate along with a fully built-out restaurant operation and assets.
The current restaurant has historically operated primarily during dinner hours, approximately 6-7 hours daily while generating gross revenue in excess of $600,000. This restaurant operation represents an opportunity for investors seeking immediate revenue generation with substantial expansion potential. The restaurants adaptable footprint is suitable for fine dining, a casual family restaurant or a high-volume breakfast/lunch spot, Coffee shop, neighborhood Pub Bar with food or potential event space, you choose.
OPERATIONAL OVERVIEW:
The restaurant operates from a 3,500 square foot facility with 120-seat capacity (100 interior, 20 exterior seating) and 11,000 sq ft of outdoor space. The establishment features a fully-equipped commercial kitchen, established liquor license, and dual outdoor patio areas. The property was constructed in 2021, ensuring modern infrastructure and reduced capital expenditure requirements.
FINANCIAL PERFORMANCE:
• Annual gross revenue: $600,000+ with limited hours
• Current operating schedule: Dinner service only (6-7 hours daily)
• Revenue expansion potential through extended operating hours
• Established customer base with proven demand
~ 25 parking spaces plus street parking
LOCATION & INFRASTRUCTURE:
Situated on Roosevelt Road, the restaurant benefits from high-visibility positioning in Westchester's commercial corridor. The facility includes 25 dedicated parking spaces plus street parking availability. The modern construction and comprehensive equipment package provide operational readiness for immediate transition and peace of mind for years to come.
EXPANSION OPPORTUNITIES:
The current operational model presents significant untapped revenue potential through:
• Implementation of breakfast and lunch service
• Extended evening operating hours
• Seasonal utilization of outdoor dining areas
• Concept adaptation flexibility for alternative cuisine formats
BUSINESS ASSETS:
• Multi-location brand recognition (established 2015)
• Complete restaurant equipment and furnishings
• Established vendor relationships and operational systems
INVESTMENT STRUCTURE:
Real estate: $1,500,000 with potential owner financing arrangements for qualified purchasers.
Asset price: $200,000 (equipment, fixtures, and operational assets).
Built-in Assets; i.e., bar, walk-in coolers, built in(s) (Negotiable)
Movable /FF&E Asset package are offered separately for: $200,000
(Seller is prepared to remove furniture and equipment to his new locaton, if necessary)
Prominently located along the Roosevelt Road commercial corridor in Westchester, the establisted, free-standing restaurants offers a rare opportunity to acquire the real estate along with a fully built-out restaurant operation and assets.
The current restaurant has historically operated primarily during dinner hours, approximately 6-7 hours daily while generating gross revenue in excess of $600,000. This restaurant operation represents an opportunity for investors seeking immediate revenue generation with substantial expansion potential. The restaurants adaptable footprint is suitable for fine dining, a casual family restaurant or a high-volume breakfast/lunch spot, Coffee shop, neighborhood Pub Bar with food or potential event space, you choose.
OPERATIONAL OVERVIEW:
The restaurant operates from a 3,500 square foot facility with 120-seat capacity (100 interior, 20 exterior seating) and 11,000 sq ft of outdoor space. The establishment features a fully-equipped commercial kitchen, established liquor license, and dual outdoor patio areas. The property was constructed in 2021, ensuring modern infrastructure and reduced capital expenditure requirements.
FINANCIAL PERFORMANCE:
• Annual gross revenue: $600,000+ with limited hours
• Current operating schedule: Dinner service only (6-7 hours daily)
• Revenue expansion potential through extended operating hours
• Established customer base with proven demand
~ 25 parking spaces plus street parking
LOCATION & INFRASTRUCTURE:
Situated on Roosevelt Road, the restaurant benefits from high-visibility positioning in Westchester's commercial corridor. The facility includes 25 dedicated parking spaces plus street parking availability. The modern construction and comprehensive equipment package provide operational readiness for immediate transition and peace of mind for years to come.
EXPANSION OPPORTUNITIES:
The current operational model presents significant untapped revenue potential through:
• Implementation of breakfast and lunch service
• Extended evening operating hours
• Seasonal utilization of outdoor dining areas
• Concept adaptation flexibility for alternative cuisine formats
BUSINESS ASSETS:
• Multi-location brand recognition (established 2015)
• Complete restaurant equipment and furnishings
• Established vendor relationships and operational systems
INVESTMENT STRUCTURE:
Real estate: $1,500,000 with potential owner financing arrangements for qualified purchasers.
Asset price: $200,000 (equipment, fixtures, and operational assets).
About the Property
- Type
- Retail
- Building Status
- Established
- Facilities & Assets
- Turnkey and ready to continue operations on day-one and the Asset purchase includes all furniture, fixtures, equipment, tables, chairs, bar setup, high-end commercial kitchen equipment "Hood, stoves, ovens, built-ins, bar, glassware/smallwares (All the essentials to get you up and running) ~ Detailed list will be provided and to be re-verified by buyer and/or buyer's broker
- Location Description
- Located along the highly traveled Roosevelt Road commercial corridor in Westchester, this freestanding restaurant property offers excellent visibility, convenient access, and strong exposure to both local and commuter traffic. The property is easily accesible from I-294 and serves a well established customer base throughout Westchester and the surrounding western suburbs. With prominent Roosevelt Road frontage, on-site parking the location is well positioned for continued restaurant use or another compatible commercial concept. Zoned B-3 to be verified
- Current and Prior Use
- The property is currently owner occupied and operating as a full-service Asian restaurant with indoor dining, bar service and outdoor seating. The sale is now being offered with the real estate as the primary component, with the existing restaurant assets, furniture, fixtures and equipment available separately as part of the transaction.
Real Estate: $1,500,000
Business Assets: $200,000 (Seller is prepared to move his current standing FF&E to his new location, if necessary
Total Package: $1,700,000 - Year Built
- 2021
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- Owner may consider owner financing with an acceptable down payment & credit score
- Current Property Expenses
- Annual:
Real Estate Taxes: $23,763 (2024)
Utilities apx.: $11,589.00
Insurance apx.: $7,536.00
Comcast apx: $4,260.00
Listing Info
- ID:
- 2494828
- Listing Views:
- 907
Attached DocumentsAttachment Disclaimer
Profit and Loss Statement 2025 - THITHI RESTAURANT IN WESTCHESTER INC.docx
Business Location
Listing ID: 2494828 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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