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How to Sell a Restaurant in New York

What NY restaurant owners actually get paid, what moves the multiple, and how long a real sale takes. No fluff.

What NY restaurants Sell For

New York restaurant sales trade between 1.8× and 2.8× SDE. Manhattan and Brooklyn concepts with lease optionality, transferable liquor licenses, and documented delivery channels fetch the top of the range.

MetricTypical Range (NY)
SDE multiple1.8× – 2.8×
Entry-size SDE$120K
Upper-bracket SDE$800K+
Typical close timeline4-7 months from listing to close. Liquor license transfer often determines final close date.

Ranges based on recent NJ/NY/CT market activity and SBA-eligible transactions. Your number depends on the specifics — request a free valuation for a real range.

Who's Buying

What Moves the Multiple

Lease term

A buyer's lender wants 5+ years including options. Short leases crush valuations.

Liquor license

NY SLA licenses are transferable but restrictive. Budget 60-120 days for the transfer.

Delivery mix

Third-party delivery (DoorDash, UberEats, Grubhub) concentration >35% is a yellow flag. Direct delivery and in-house systems price better.

Concept vs. location

A transferable concept (systems, SOPs, staff) sells to more buyers than a location-dependent place.

Timeline & Process

4-7 months from listing to close. Liquor license transfer often determines final close date. Most sellers underestimate the time to prep — getting books clean, normalizing add-backs, and documenting the things you do that aren't written down anywhere. We recommend 60-90 days of quiet prep before going to market.

  1. Free valuation (30 min, confidential)
  2. P&L normalization and CIM prep
  3. Blind marketing to qualified buyers
  4. NDA, buyer screening, management meetings
  5. LOI, due diligence, purchase agreement
  6. Lender underwriting (if SBA or bank financed)
  7. Closing and transition

Related Resources

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