Key Money Steakhouse in Midtown - Considering ALL Offers

Listing Number: 6842-557062

Description

Key money opportunity to take over a once thriving steakhouse in midtown. This business has everything you need to be successful but is currently a turn-around situation for an experienced restaurant operator. Business is down due to owners health.

• Classic steakhouse with 15-year track record


• Streamlined operations with low overhead


• Staff in place, including long-tenured head chef


• Popular with tourists, locals, and business clientele


• Full bar, curated wine list, and delivery-ready setup


• Turnkey opportunity

This well-established full-service steakhouse has built a loyal following over 15 years by offering high-quality steak, seafood, and classic fare at competitive prices. Operating from a highly visible location in a dense urban corridor, the business draws consistent foot traffic from nearby theaters, hotels, and offices. The owner-managed model and efficient staffing structure make this an ideal opportunity for a restaurateur or hospitality group seeking a flagship presence in a high-demand area. 

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Listing Details

• Price: $175,000
• Down Payment: $175,000
• Sellers Discretionary Earnings: $0
• Total Sales: $1,250,000
• Location: New York County, New York


• Inventory: $25,000
• FF&E: $125,000
• Employees: 16
• Year Established: 2010
• Reason for Selling: Retiring
• Category: Restaurants