European And Greek Restaurant At A Reduced Price For Sale

Business description

Let us introduce a unique opportunity for an entrepreneur willing to succeed in a long-term project buying at a fraction of its original price.

This is an approximately 90-seat charming Restaurant & Bar with a nineteen-year long established clientele. Located in the Five-Star Hotel Area in Limassol, on the slip road going-up to the motorway, it is within walking distance from the Elias Beach and Hawaii Grand Resorts, the St Raphael Resort and Marina, as well as from Le Meridien Spa & Resort. All these surroundings plus all the latest luxurious Condos and seaside Villas built around the area, provide us with a very discerning clientele.

The restaurant has an approximate 190 sq. meters total area and offers seating for approximately 45 people inside with an additional covered and uncovered terrace for ‘al fresco’ dining outside, for approximately 45 people. Being one of the owners an artist, she has given the place a unique character with a cozy terrace surrounded by all year-round blossoming bougainvillea trees, wooden indoor parquet floors, stone walls, modern brand new toilets and tiles, wooden furniture and a fully equipped restaurant kitchen.

The present owners built this restaurant at the end of 1990. In the price it is included the company itself, together with all appliances, furniture, fittings and decorating walls, floors and infrastructure, as well as the stock of food and beverage. The present owners built the restaurant according to the Cyprus Tourism Organization’s rules and it fully complies with all the relevant authorities’ regulations. In the selling price it is not included the original paintings, which are the intellectual property of the artist.

The premises are rented by the company at a monthly rent of One Thousand Euros.

We have the Cyprus Tourism Organization and all relevant 2009 approved licenses such as from the Health and Hygiene Department, for Live Music on weekends, for selling alcoholic drinks and fully complies with all the required permissions.

The key elements of our success are:

• The quality of our cuisine

• The personalized and professional service provided

• The extensive selection of our quality menu

• Its location
• Its reputation built over the past 19 years long establishing, among locals, Travel Agents, Hotel Staff, Airlines Crews, ex-pat community and tourists in general.

This is a unique opportunity for an entrepreneur, with a long-term vision of success in order to grab a sound investment at an exceptionally low bargain price of Euros 85.000. You can either operate it together with a professional team, as a Restaurant, Tavern or as a Café /bar or rent it as a business and to receive a higher steady monthly rent.

Property information

Real Estate:

Lease

Lease terms:

The restaurant premises are leased at a monthly rent of Euros 1000, which is the lowest to be found in this up-market area.

Leasehold rent:

€17,600 per annum

Location:

This restaurant is located in the Five-Star Hotel Area in the tourist city of Limassol, Cyprus. It's within walking distance from the St Raphael Yacht Marina and the best seafront hotels in the Limassol area. All these surroundings provide to us with a very discerning clientele throughout the year.

Other information

Expansion potential:

The key elements of this restaurant success are: the quality of the cuisine, the personalized and professional service, the generous size of the dishes, the careful selection of the menus and a la carte proposed, the reputation built over the past 18 years. Since Cyprus joined the EU in 2004, the number of Europeans and British citizens becoming residents of the island has steadily increased. The vast number of ex-pats chose to live in the surrounding villages of Pyrgos, Pareklissia and Ayios Tychonas area, which are at 5 minutes drive from this restaurant.

Reasons for selling:

Because our family is relocating to another country.

Trading hours:

13h00 until 24h00

Financing available:

Financing is available by the private banking sector.

Related documents:

• 
• Financial Mirror Review

• 
• What's happening guide