1694 2nd Avenue
About this property
This sushi restaurant represents a remarkable opportunity for investors or restaurateurs in the bustling Manhattan area. Here's a breakdown of the key details and advantages: Location Advantages- **Prime Commercial Area**: Positioned on 2nd Avenue, adjacent to major subway lines (N, Q, R).- **High Foot Traffic**: The restaurant is in a vibrant district with a mix of residential and commercial buildings, ensuring a steady flow of potential customers.- **Affluent Demographic**: Surrounded by high-end apartments and office spaces, the area attracts a clientele with significant disposable income.Restaurant Specifications- **Size**: Approximately 2,900 sq ft, including a fully equipped basement.- **Patio Space**: Offers an additional 425 sq ft rear patio, enhancing the dining experience.- **Current Revenue**: Approximately $1,600,000 annually, indicating a solid cash flow. Financial Details- **Monthly Rent**: $19,000, which includes property taxes.- **Lease Term**: About 7.5 years remaining, providing stability for the new owner.Operational Highlights- **No Renovations Needed**: The kitchen and sushi bar are fully operational and stylishly designed, making it ready for immediate business.- **Social Media Presence**: The restaurant enjoys high visibility and engagement online, which can be leveraged for marketing.- **Experienced Staff**: The current team is willing to stay on, facilitating a smooth transition and continuity of service.Ideal CandidateThis opportunity is perfect for those looking to:- Enter the competitive NYC dining market.- Invest in a business with a reliable customer base and stable cash flow.- Expand their existing restaurant portfolio. This sushi restaurant not only offers a chance to step into a well-established business but also allows for immediate operational benefits in a prime location. If you're considering an investment or expansion in New York's dining scene, this opportunity deserves serious attention.
About this property
This sushi restaurant represents a remarkable opportunity for investors or restaurateurs in the bustling Manhattan area. Here's a breakdown of the key details and advantages: Location Advantages- **Prime Commercial Area**: Positioned on 2nd Avenue, adjacent to major subway lines (N, Q, R).- **High Foot Traffic**: The restaurant is in a vibrant district with a mix of residential and commercial buildings, ensuring a steady flow of potential customers.- **Affluent Demographic**: Surrounded by high-end apartments and office spaces, the area attracts a clientele with significant disposable income.Restaurant Specifications- **Size**: Approximately 2,900 sq ft, including a fully equipped basement.- **Patio Space**: Offers an additional 425 sq ft rear patio, enhancing the dining experience.- **Current Revenue**: Approximately $1,600,000 annually, indicating a solid cash flow. Financial Details- **Monthly Rent**: $19,000, which includes property taxes.- **Lease Term**: About 7.5 years remaining, providing stability for the new owner.Operational Highlights- **No Renovations Needed**: The kitchen and sushi bar are fully operational and stylishly designed, making it ready for immediate business.- **Social Media Presence**: The restaurant enjoys high visibility and engagement online, which can be leveraged for marketing.- **Experienced Staff**: The current team is willing to stay on, facilitating a smooth transition and continuity of service.Ideal CandidateThis opportunity is perfect for those looking to:- Enter the competitive NYC dining market.- Invest in a business with a reliable customer base and stable cash flow.- Expand their existing restaurant portfolio. This sushi restaurant not only offers a chance to step into a well-established business but also allows for immediate operational benefits in a prime location. If you're considering an investment or expansion in New York's dining scene, this opportunity deserves serious attention.
Features and Additional Information
Presented By Smitchger Realty
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Brokerage: E Realty International Corp
