Established Turkish Restaurant Turn Key Operation!

Manhattan, NY
New York County

Busy Midtown East

Asking Price: Annual Revenue:
$755,000 $2,140,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Established Turkish Restaurant Turn Key Operation! Broker: Teoman Ucaroglu
Owner Financing is Available!
Financing available through a partner relationship, Basic qualifications 10% down, Industry experience and 700 credit score. We also consider owner financing.

Quick Facts

Asking Price: $755,000
Annual Revenue: $2,140,000
Net Profit: $364,000
Cash Flow: $364,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 20
BBN Listing #: 72664327
Broker Reference #: HAS-319

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Business Overview:

The seller is saying “goodbye” to restaurant industry after working 20 years due to family reasons and semi-retirement. The restaurant has a very sophisticated delivery system. Never closed during the pandemic days. In fact, increased delivery volume in 2020 unlike a lot of other businesses around. They offered delivery service successfully during these days. The seller has spent more than $150K in improvements and betterments. Great location. Established clientele. The current lease was just signed and good for the next 7 years. Did I mention that the current rent is $7k for a month, including real estate tax (I’m sure you’ll love the lease!). Heating belongs to landlord. It comes with full basement as food prep area, great high ceilings. Office space, storage space, huge walk-in refrigerator, walk-in freezer, central air conditioner, and many other appliances. Huge kitchen with 20 feet L shape chimney. Everything is in great working condition. Open 7 days. It has two bathrooms. Serving lunch, dinner, take out, delivery and catering. Social Media existence but not done professionally so there’s room to grow there. Full Liquor License. The seller has spent money to have energy efficient operation so the party taking over will pay less in utility. This is authentic-ethnic restaurant that offers turn-key operation! Either keep the way it is or bring your own concept. Inventory and security deposit are included in the sale. Probably best of all, you can become an absentee owner as the current owner is just supervising the operation not heavily involved in day-to-day operation! The staff is exceptionally well connected and efficient! The restaurant has managed to make $2.49M sale in 2020 and $2.14M in 2021. Net profit of the year 2021 is $364K. We have 2022 revenue: $2.61 Million. There is still a plenty of space to increase the revenue according to the seller.

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Property Features and Assets:

The restaurant is located in the street level of a residential building that is surrounded by numerous of tall residential buildings. Established clientele over the long years.

Market Competition and Expansion:

The restaurant does not have an immediate competition. The seller says "the revenue can still be upgraded if social media utilized professionally".

Reason for Selling:


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.


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