Successful Established Turkish Restaurant - Business for Sale
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Turkish Restaurant with Delivery in New York, NY
New York, NY, US
Added 3 years ago
Restaurant
22 years in business
Absentee / Semi-AbsenteeRetiring Owner
Established Turkish restaurant in New York, NY, operating for 22 years with dine-in, takeout, delivery, and catering services, and a full liquor license.
Key Information
Asking
$755K
Revenue
$2.1M
Earnings
$364K
Multiple
2.1x
Key Highlights
- Business established 22 years ago
- Current monthly rent is $7,000 including real estate tax
- Lease term is 7 years from the most recent signing
- More than $150,000 spent on improvements and betterments
- Full liquor license included
- Inventory and security deposit are included in the sale
- The restaurant operates 7 days a week and offers lunch, dinner, take out, delivery, and catering
- Seller is not heavily involved in day-to-day operations; business can be run as absentee owner
- Financing available with 10% down, industry experience, and 700 credit score
Contact Info
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