Profitable Tribeca Italian Restaurant · $2.1M Rev · Full Liquor
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. Established 2022 · 86 seats · Trained team in place · Growing +8.5%
PROFITABLE TRIBECA ITALIAN RESTAURANT — TURNKEY OPPORTUNITY
Established northern Italian restaurant in the heart of Tribeca, one of Manhattan's most affluent dining corridors. Fully built-out, fully staffed, growing top line.
FINANCIALS (2025 ACTUAL):
Gross Revenue: $2,120,147
Seller's Discretionary Earnings: $375,188 (17.7% margin)
2026 tracking +8.5% YoY through Q1 · POS data shows +15% YTD
2026E Revenue: $2.34M · 2026E SDE: $462K
THE OPPORTUNITY:
3,100 SF total (1,450 ground floor + 1,650 lower level with prep kitchen, walk-in, office, storage)
86 seats: 52 dining room + 22 sidewalk café (seasonal) + 12 bar
Full New York State liquor license in place; buyer to apply for own license under NYSLA process
7 years remaining on lease at approximately 25-30% below current Tribeca market rents
5-year renewal option at 90% of FMV
Trained kitchen and front-of-house team — fully transferable
Established brand, customer database, reservation history
Established northern Italian restaurant in the heart of Tribeca, one of Manhattan's most affluent dining corridors. Fully built-out, fully staffed, growing top line.
FINANCIALS (2025 ACTUAL):
Gross Revenue: $2,120,147
Seller's Discretionary Earnings: $375,188 (17.7% margin)
2026 tracking +8.5% YoY through Q1 · POS data shows +15% YTD
2026E Revenue: $2.34M · 2026E SDE: $462K
THE OPPORTUNITY:
3,100 SF total (1,450 ground floor + 1,650 lower level with prep kitchen, walk-in, office, storage)
86 seats: 52 dining room + 22 sidewalk café (seasonal) + 12 bar
Full New York State liquor license in place; buyer to apply for own license under NYSLA process
7 years remaining on lease at approximately 25-30% below current Tribeca market rents
5-year renewal option at 90% of FMV
Trained kitchen and front-of-house team — fully transferable
Established brand, customer database, reservation history
About the Business
- Years in Operation
- 4
- Employees
- Seasoned
- Facilities & Assets
- 3,100 SF turnkey across two levels. Ground floor (1,450 SF): dining room, full bar, host station, restrooms, full-height storefront windows. Sidewalk café authorization for 22 seasonal seats. Lower level (1,650 SF): prep kitchen, walk-in refrigerator and freezer, dry storage, office, employee restroom, mechanical room.
Commercial kitchen build-out: line equipment, ranges, ovens, refrigeration, prep stations, three-compartment dishwashing, exhaust hood with Ansul fire suppression. Front of house: custom banquettes, dining furniture, bar back with refrigeration, glassware, china, silver, lighting, sound system.
Technology: Toast POS with full transaction history, OpenTable and Resy reservations, integrated payment processing, QuickBooks back office.
Licenses: Full liquor license; NYC restaurant operating permits; sidewalk café authorization; current health certification; certificate of occupancy.
Build-out completed 2022. All FF&E owned outright and included. - Market Outlook / Competition
- Tribeca is one of Manhattan's most affluent and dynamic dining submarkets, anchored by a dense concentration of luxury residential, creative office, and entertainment industry presence. The neighborhood draws a consistent base of high-income locals supplemented by destination diners, hotel guests, and downtown business traffic.
The local dining scene is mature and competitive, with a long-standing roster of established operators across price points and cuisines. Italian remains one of the most consistently demanded categories in the submarket. The business holds a defensible position through its location, established reputation, full liquor license, and below-market rent — a structural cost advantage that materially differentiates it from competitors paying current market rates.
Barriers to entry are meaningful: limited available restaurant space, lengthy permitting and licensing timelines, significant build-out capital requirements, and competition for experienced hospitality talent. - Opportunities for Growth
- Multiple unrealized growth levers available to a new owner without significant capital investment:
Restore Sunday service — paused in 2026; contributed ~$95K in 2025 revenue with proportional cash flow.
Expand lunch and brunch — currently dinner-focused, leaving significant daypart capacity unused. Strong daytime traffic from residential, hotel, and business audiences.
Build private events and buyouts — generated only ~$7K in 2025 despite venue capacity, layout, and full liquor license being well-suited to private dining and corporate functions.
Develop the beverage program — wine and spirits already represent 41% of revenue. Upside in wine club, by-the-glass curation, retail bottle sales, and tasting events.
Marketing and digital presence — modest current spend, with room to expand brand reach through targeted campaigns in a neighborhood with strong organic media exposure.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,100
- Rent
- $18,500.00 per month
- Lease Expiration
- 4/30/2038
About the Sale
- Seller Motivation
- Seller moved out state and prefers to downsize. Not a distressed sale.
- Transition Support
- Seller will provide reasonable transition support to ensure a smooth handoff, including operations, vendor relationships, systems, and staff introductions. Extended consulting available on mutually agreeable terms. Trained kitchen and front-of-house team in place and transferable with the business.
- Financing Options
- Seller financing considered for very qualified operators.
Listing Info
- ID
- 2508024
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2508024 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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