Crete Cafe Bar Pool And Apartments Reduced Price For Sale

Business description

Reduced from 110,000 to 50,000 for quick sale.

Working Cafe Bar for sale with swimming pool, 2 Apartments, Park area....
This Bar has recently received a face lift to prepare it for the summer season and for sale. The building has been painted inside and out, the bar has been painted to a high standard and new lighting inside and out. The pool has been re-painted and the filter system serviced. Around the pool the pergolas have been painted and some new furnitue both inside and out, a new stage area has been fitted for Live entertainment and the 2 Apartments under the bar have been improved.

The current owner bought this business as a restaurant with the vision to change it to a cafe bar and have spent much time and money improving it. It is now a cafe bar with a small food menu that concentrates on live entertainment in the evenings It is open from 8.30am till late serving Breakfast, Lunch and Dinner.

Description..
Inside a large Bar area with seating for around 80 people, 2 toilets and a New disabled toilet, the kitchen is fully equipped, modern and large.
The bar looks out over the pool with a great sea view. A new shower has also been installed at the poolside. Lots of outside space, perfect for the smoking ban just introduced in Greece. Lots of flowers and plants and lighting give the bar a lovely tropical setting.

Outside a large stage used as a terrace with seating and also used for live entertainment. The large pool is surounded by seating for around 70 people with sea views. There is also a large grassed area with a playground.

Under there is a storage area and 2 Apartments, 1 large with a full size kitchen/lounge, a double bedroom and 2 bathrooms. The other apartment has 1 large double bedroom and 1 bathroom.

Property information

Real Estate:

Lease

Lease terms:

Curently 2,000 per month with 2 months notice to leave a simple agreement with no long term ties This can be re-nogatiated.

Living accommodation:

2 apartments 1 large with a full size kitchen and a double bedroom. the other small with 1 double room and 1 bathroom. No travelling to and from work required, or could accommodate staff if preferred at a rental charge possibly. This would have to be discussed with the landlord.

Location:

Prime location in the Village of Georgioupolis surrounded by Hotels and Apartments, two Supermarkets and a popular car rental office and only 80mtrs from the Beach. Resort tourist trains also regularly pass the building. The building is raised and can easily be seen from many angles in the village and from the beach, especially in the evening when the building is illuminated.

Other information

Expansion potential:

We have Welcome meetings from 1 major tour operator, this could be expanded. Only open May to October it could open all year as there are many surrounding villages and also has many Greek and international permanent residents . Could very easily be turned back into a large restaurant at no extra cost if preferred, or a nightclub.
The grassed area is not used and could provide more tables, or the play park could be expanded as further possibilities?
The bar is large enough for weddings and other private functions and could be marketed in this way.
The Cretan International Cancer Society also currently hold a support meeting in the building once a month, again more of the many societies on Crete could be contacted for further meetings or functions to be accommodated.

Competition / Market:

The business is away from any other Bar or Restaurants. Lots of outside space very desirable as the smoking ban has come into effect in Greece as of 01 July 2009.

Support & training:

The current owners will give one weeks support and training and also can help with a local solicitor and accountant if needed.

Reasons for selling:

Bought as an investment with the aim to renovate and improve and then to re-sell, the business is now ready for re-sale.

Trading hours:

8.30am till late 7 days a week, for 6 months per year (May to October)

Furniture / Fixtures value:

€30,000 (included in the asking price)

Inventory / Stock value:

€2,000 (included in the asking price)

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