Thursday, 14 November 2019

S-1995 SL Popular American Bistro in Affluent Manhattan Neighborhood (US)




Business Description: The establishment was formed in 2012 by two partners with many years of experience in the Hospitality Industry. Located in an upscale commercial area as well as high income residential neighborhood, this restaurant/bar was formed to provide a casual, relaxing and welcoming haven. Management attracts a diverse following of artists, professionals, models, as well as loyal customers who live in the area.

The bar/restaurant provides excellent food and drink, as well as friendly and efficient service.

Hours are from 12 noon to 4:30 am.  Activity goes on all day and night, from Business Lunches starting at noon, Happy Hour from 4:30 pm to 8:30 pm.  Music and dancing provide an upbeat atmosphere.

Dinner and partying continue to 4:30 in the morning.

There is a strong potential for expansion of services by expanding services to include “Power Breakfasts”, take-out and delivery, catering and private parties.

The Transaction: The owners have built the business in the past seven years, and are now interested in pursuing other interests, and spending more time with their families.  They are willing to stay on for a period of time in order to help pursue expansion to the next level.

Financial Summary ($000s)

2018
2017
2016
Revenue
1,760
1,671
1,797
Adjusted EBITDA
101
51
28

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Manhattan
Compiled
Yes
7
5812


  
Direct All Inquiries to:

Gottesman Company
Refer to:  S-1995 SL
Tel: 212-330-8010     Fax: 646-434-4557