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Turkish Restaurant — Mid-Town NYC

Price: $600,000

Location: Manhattan Mid-Town

Industry: Food and Restaurants

Listing ID: 00224

Located in upper income area on main thoroughfare. Owners wish to engage in a different business. This brand new built-out restaurant can accommodate seating for 48. It has attracted local residents, lovers of Turkish fare and business types for 16 years. The space is 1,300 sf plus a 1,300 sf basement.
Must see. Must sell.

Listing Details

Gross Revenue: $1,260,000

Cash Flow: $240,000

FFE: $300,000 (Included in Price)

Inventory: $500 (Included in Price)

Reason For Sale:

Embarking into Real Estate business.

Operation

Year Established: 2002

Employees: 7

Location

Security on Lease: 35000

Monthly Rent: 15260 plus RE Tax 30000/year

Square Footage: 1300 plus 1300 basement

Facilities Information:

Full kitchen, walk-in box, seating for 48, brand new build-out, 1,300 sf ground and 1,300 sf basement.