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Restaurant for Sale in New York, United States

For Sale: Established and successful Turkish restaurant with a seating capacity of 58.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 2.7 million
Run Rate Sales USD 2.6 million
EBITDA Margin 17 %
Industries Restaurants
Locations  New York City
Local Time 11:04 PM America / New York
Listed By Advisor / Business Broker
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 755 thousand (Native Currency: USD 755,000)
Reason: The seller is looking for an early retirement to be able to spend more time with his family. This is... View More
Includes physical assets worth USD 150 thousand
Interested to connect with advisors
Documents
Business Overview
- The business has been operating for more than 20 years and has established clientele.
- The company has consistent cash flow, a super low lease, and a great landlord.
- Business has a seating capacity of 58 people and dine-in and delivery services available with its own delivery personnel.
- Full liquor license is available.
- The company is able to achieve high revenue with just 20 employees as the dishes are priced at higher margins as the market trend of New York.
- Revenue of last year is USD 2,614,000. Please note that annual revenue from delivery and take out is much more significant than dine-in revenue for this restaurant.
Products & Services Overview
This is a Turkish restaurant that provides eat-in, take-out, catering, delivery, special occasions, and venue for parties, corporate events, birthday parties, reunions, graduations, etc.
Assets Overview
The sales include all tangible assets such as furniture, kitchen utensils, chairs, tables, interiors, website, rent & security deposit.
Intangible assets include the website and brand name.
Facilities Overview
1,900 sq/ft street level. It has another 1,900 sq/ft basement level downstairs. The kitchen in the basement can easily produce enough food for 2 restaurants or another branch. The restaurant is located in the east of the city & is leased.
Capitalization Overview
The seller owns 100% of the business. He is the only individual who owns the business entirely without a partner. The business does not have any outstanding loans or debts.
Recent Activity
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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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