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Restaurant for Sale in İstanbul, Turkey

Michelin-star restaurant in Istanbul offering a unique dining experience to loyal clientele, available for sale.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 800 - 900 thousand
Run Rate Sales USD 840 thousand
EBITDA Margin 20 - 30 %
Industries Restaurants
Locations  İstanbul
Local Time 3:36 PM Europe / Rome
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 470 thousand (Native Currency: EUR 400,000)
Reason: The owner has built this business from the ground up and has seen it flourish into a thriving small ... View More
Includes physical assets worth USD 116 thousand
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Business Overview
- A Michelin-awarded Italian restaurant located in Istanbul's vibrant Kadikoy district, boasts an elite dining experience with the unique flair of Italian fine dining cuisine.
- The restaurant offers a meticulously curated selection of wines, cocktails, and spirits to accompany its gourmet dishes, attracting culturally curious and international clientele.
- A family-run enterprise, stands resilient amidst Turkey's fluctuating economy, thanks to strategic financial management by its owner, who resides part-time in Italy.
- With a seating capacity of 60, manages to maintain an average of 40 walk-ins daily, indicating robust patronage and consistent demand.
- Our diverse menu, which accommodates vegetarian, vegan, non-vegetarian, and gluten-free preferences, changes every month to keep offerings fresh and aligned with seasonal ingredients.
- For two consecutive years, we have been recognized by the Michelin Guide, cementing our position as a top dining destination in Istanbul.
- The restaurant is guided by an experienced chef with a long-standing family tradition in culinary arts, ensuring authenticity and excellence in every dish served.
- The owner is Turkish, but the partner is Italian. Due to our daughter's schooling, we have relocated to Italy but travel to Turkey once a month. The owner remains actively involved in the business, managing finances remotely and staying available for calls. The restaurant's daily operations are handled by two on-site managers, while the chef oversees food preparation.
Products & Services Overview
The restaurant offers an Italian fine dining experience with a carefully curated selection of wines, cocktails, and spirits. Every product is thoughtfully chosen and crafted with attention to detail. The guest profile is international, culturally curious, and refined.
Assets Overview
Tangible assets: A fully equipped kitchen and kitchen workshop, along with moderately equipped bar furniture.
Intangible assets: Business license, licenses for serving food and alcohol, and a license for alcohol sales.
Facilities Overview
The restaurant operates in a three-story historic building, utilizing the entire space for its business. It currently accommodates around 60 guests simultaneously, with potential for expanding seating capacity. The building, spanning 150 square meters, is rented at a favorable rate of EUR 2,400 per month—below the average rent in the neighborhood, which itself is more affordable compared to other areas.
Capitalization Overview
The business is solely owned by one individual and operates self-sufficiently. While it is financially stable, its profit margins have the potential for significant improvement under new management. The business has no debts or loans.
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3 Buyers viewed this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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