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Private Bank For Sale
Location: Turkey -> Istanbul
Industry: Business Services > Financial




Business Summary

Turkish government is gonna place an auction for a bank (insured by Turkish Government) by June 23rd. My client is a well respected businessman in Istanbul and he is willing to have a partnership to buy this bank from the government few years ago because of some banking scandals, government took over some businesses and this bank is one of them, over $7M real estate value, also $20M cash which is gonna be released when the sale is over, with the new regulations it costs over $50M just to get the permits and licences to open up a bank in Turkey. Mr. Can Pekcan was born in 1965 in Istanbul and he is still living in Istanbul. He is married with 3 children.

He has several companies working in different business sectors. Main
sectors that he is working are: TEXTILE, MINING & CONSTRUCTION, AUTOMOTIVE, MEDIA and FACTORING (He has a personal factoring company).

My client owns a real great amount of real estate including over
60 houses, flats, lands and buildings in Istanbul and Bodrum.He also has
some other investments in different cities of Turkey. Some are:

- Detergant and Chemical Factory in Omer Sabanci Organased Industry
Area in ADANA.
- Leather Yard in TUZLA, ISTANBUL.

Contact for more information on this Bank for sale.


Financials

Asking Price Range:  > $35.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1984
Number of Employees:  > 200
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned




Print Listing Id: 70043069
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Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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