Turn-Key Restaurant for Sale-Fully Equipped and Ready to Operate

Asking Price$450,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,300,385

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Turn-Key Restaurant for Sale-Fully Equipped and Ready to Operate


Asking Price$450,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,300,385

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Nittis is a modern, authentic restaurant located in the heart of Hell’s Kitchen, one of Manhattan’s most dynamic and sought-after neighborhoods. Ideally positioned on a high-visibility corner along the High Line trail, the restaurant benefits from heavy daily foot traffic and consistent exposure to both locals and tourists.

-Seating for 74 guests indoors and an additional 24 seats outdoors
- Open seven days a week.
- Full bar with 10 bar stools
- Spacious and well-equipped basement for storage and food preparation
- Fully operational and turnkey,
- Short walk from Broadway’s renowned theaters, the energy of Times Square, the modern appeal of Hudson Yards, the Javits Center, and Madison Square Garden—making it a prime destination for pre- and post-event dining.
- In 2022, Nitti’s was honored with the award for Best Restaurant in Manhattan, supported by glowing customer reviews and a strong local following
-All cooking equipment and hood has been registered with DEP
-Letter A is current with health dept NYC
-Large inventory of spirits and wines in stock
-All equipment belongs to restaurant

Nittis Business Summary - 2024

Total Revenue: $2,344,420.51
Total Expenses: $2,139,868.75
Net Profit: $160,516.49

Main Expense Category Approx. Total ($)
Food Purchases 314,672
Liquor & Beverage 110,120
Sales Taxes 159,712
Utilities 110,846
Disposal 17,851
Repairs & Maintenance 38,940
Supplies 10,275
Software & Apps 28,411
Credit Card Processing 79,257
Rent 180,000
Marketing & Advertising 25,146
Insurance 38,200
Miscellaneous 72,873
Payroll 975,985

Monthly Profit Summary
Jan $9,990 | Feb -$21,130 | Mar $28,134
Apr -$12,357 | May -$17,241 | Jun $8,638 |
Jul -$9,037 | Aug -$17,651 | Sep $28,739
Oct $34,197 | Nov $44,132 | Dec $84,102
About the Business
Years in Operation
45
Currently Home Based
Yes
Facilities & Assets
The sale includes a fully equipped 74-seat restaurant, a 10-seat bar, and a 24-seat year-round outdoor patio. The space features a commercial kitchen, spacious prep and storage basement, POS systems, security cameras, furnishings, fixtures, and all kitchen and bar equipment. Branding assets are also included. This is a turnkey, ready-to-operate opportunity ideal for an experienced operator or investor.
Market Outlook / Competition
Nitti’s benefits from a prime location in a high-traffic Midtown neighborhood near Broadway, Times Square, and Hudson Yards. The area attracts a steady flow of tourists, locals, and business visitors year-round. With growing demand for quality dining and strong weekday and weekend traffic, Nitti’s established reputation and award-winning status position it well in a competitive market.
Opportunities for Growth
Nitti’s can grow by adding brunch and late-night service, expanding delivery and catering, increasing private events, and boosting marketing efforts to attract more customers.
About the Sale
Seller Motivation
The owner is retiring, presenting a rare opportunity to acquire a turnkey operat
Transition Support
Nitti’s delivers a full-service dining experience with authentic cuisine in a modern setting. Its prime location near Broadway, Times Square, and Hudson Yards attracts a steady mix of locals, tourists, and pre-theater guests. The restaurant supports lunch, dinner, weekend brunch, and full bar service, with strong potential for delivery, takeout, and private events.
Listing Info
ID
2424647
Listing Views
146
Attached DocumentsAttachment Disclaimer

Nittis_Business_Summary_for_Buyer.pdf


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Business Listed by: Antoneta Licollari Toscana Properties

Listing ID: 2424647 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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