High Grossing, Turnkey Midtown Manhattan Bar/restaurant, Distressed Sale For Sale

Description

This 2.7 million dollar grossing Midtown Manhattan gem is well suited for a conversion and new ownership. It benefits from a substantial existing buildout in a high traffic, high revenue location between Times Square and Penn Station. Prior to COVID, the venue historically generated over 4 million in annual gross revenue. This represents a strong opportunity for a new operator to continue with the current concept or reposition it in a new direction within one of Manhattan’s busiest commercial corridors. This second generation space offers an efficient and cost effective entry point for a new owner.