Food & Beverage
Financial summary
Comparable pricing
43% below marketComparable Food & Beverage businesses sell at a median of 2.5x SDE, based on 1860 listings. This one asks 1.4x, about 43% below that median. At the comparable median it would price ~$618K.Methodology refines over time.Comparable Food & Beverage businesses sell around $618K vs this $350K ask.
Methodology refines over time.
SBA financeability
Businesses in food services & beverage retail are commonly SBA-financed. The figures below are the industry-category norm from SBA 7(a)/504 lending, a gauge of how financeable a deal like this tends to be.
Food Services & Beverage Retail benchmarks
Typical SBA leverage
71%
Industry charge-off
1.3%
Common term
10 yr
Median loan
$269,200
Active lenders in this category: The Huntington National Bank, U.S. Bank, National Association, Manufacturers and Traders Trust Company.
Based on 52,309 SBA loans · source: SBA 7(a)/504 FOIA, as of 2026Q1 · industry-category level.
Detailed information
low multiple and priced below 1.5x revenue.
Linked page lives on the broker site, not on OpenAcquisitions.
Key points
Business description
Legendary Lower Manhattan Burger Joint – Established Since the 1980s Asking Price: $350,000 A rare opportunity to own a true Manhattan institution. This iconic 800 sq ft burger restaurant has been serving up classic American fare since the 1980s and has been under the same dedicated ownership since 2007. Located in one of Lower Manhattan's hottest and most densely populated neighborhoods, this beloved burger spot is known for its loyal customer base, nostalgic vibe, and steady cash flow. With gross sales of $1.3 million and owner's net profit of $240,000, this business offers both stability and upside potential. The rent is $16,500/month with 6 years remaining on the lease, and the property includes a full basement for storage and prep space. Highlights: Long-established name with strong brand recognition Prime Lower Manhattan location Fully equipped kitchen and vented hood system Consistent sales and solid profitability Turnkey operation with trained staff in place Full basement for storage and expansion of operations Opportunities for Growth: Refresh the interior to align with current trends while maintaining its classic charm Invest in marketing and social media to attract a broader and younger audience Expand menu or hours to capture additional revenue streams Whether you're an experienced operator looking to expand or an entrepreneur seeking a high-traffic, proven concept in NYC, this is your chance to own a piece of New York burger history. Inquire today — opportunities like this don't come around often.
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