Profitable Restaurant for Sale in Famagusta, Cyprus

For sale: Restaurant on a busy street with 80-120 daily customers.

Established	1-5 year(s)
Employees	10 - 50
Legal Entity	S Corporation
Reported Sales	USD 75 thousand
Run Rate Sales	USD 216 thousand
EBITDA Margin	40 %
Industries	Restaurants
Locations	Famagusta
Local Time	3:22 PM Europe / Istanbul
Listed By	Business Owner / Director
Status	Active

7.8 / 10

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Full Sale

Asking Price: USD 55 thousand (Native Currency: USD 55,000)

Reason: The promoter wants to move to a different country and considers this a fair valuation.

Includes physical assets worth USD 45 thousand

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Business Name

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Business Overview

- Restaurant that serves Alacarte, Turkish, Iranian, and Argentine cuisine.

- The restaurant is in a busy area near to a university and beach.

- Restaurant has both dine-in and delivery services.

- We get around 80-120 customers daily. Out of that 60-70 are delivery orders.

- The delivery is done by the delivery company.

- The seating capacity of the restaurant is 120 persons at a time with 1 separate private Turkish style corner with 15 people capacity.

- The restaurant is in Famagusta and I live in Turkey and Famagusta.

- The business has not taken any loans and has a sole owner.

- The sales were less last year due to the pandemic, but the business is recovering now.

Products & Services Overview

We serve Alacarte, Turkish, Iranian and Argentine cuisine.

Assets Overview

2 fully equipped kitchens, 42 tables, 2 computers, 2 motorbikes, 3 AC, famous art of USD 3,000.

Facilities Overview

300 Sq meter restaurant with 250 British pounds rent.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
MD, Building Materials, Ljubljana, Individual Investor / Buyer connected with the Business
Earlier than 15 days
Director, Food And Beverage, Dubai, Individual Investor / Buyer connected with the Business
Earlier than 15 days
Project Manager, Real Estate, Düsseldorf, Individual Investor / Buyer connected with the Business

Tags:

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Profitable Restaurant for Sale in Famagusta, Cyprus

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