Busy Seafront Restaurant For Sale

Business description

Do you love to cook and like people? Would you like to work for yourself in the sun? Then our restaurant is perfect for your!

A very well located prosperous seafront restaurant with a low rent is offered for sale in Elounda, Eastern Crete, where thousands of tourists and locals enjoy the summer months, offering established clientel in a prime location. This well equipped and attractive restaurant is situated on the path way that leads from the town centre to the causeway (one of the main attractions of the town with windmills and the canal); it directly over looks the sea and Elounda Bay. It has 19 tables and 50 covers outside under the pergola and 12 covers inside. Customers can sit and enjoy a wonderful view and the ambiance that the restaurant creates. A wide stairway at the side, up to one of the main streets, means that access is from three directions. Inside is a large well equipped bar, with access to two extremely well appointed (automatically lit) separate ladies and gents' toilet. The good size kitchen is equipped with all that you require for the efficient running of a catering establishment oven, grills, fridges microwaves etc, and all ancillary equipment and utensils. Some of the equipment was only purchased 2 years ago, and the rest has been regularly serviced and maintained. All the seat covers and outside blinds were recently replaced. A full inventory is available.

Property information

Real Estate:

Lease

Lease terms:

Rent to pay monthly, as from the 1. of March 670 Euros to increase 5 % on a yearly bases.

Living accommodation:

Living accommodation are not provided. But it is easy to find accommodation for a reasonable price

Location:

situated on the path way that leads from the town centre to the causeway (one of the main attractions of the town with windmills and the canal); it directly over looks the sea and Elounda Bay.

Other information

Expansion potential:

A younger team in the kitchen could easily increase turnover. Longer trading hours would help as well. Restaurants normally don't close at lunch time during the season. The Kitchen is only open from 11.30 to 15.00 and then from 18.00 to 22.30 h. No breakfast is offered.

Competition / Market:

Many other restaurants around, but then that is normal in a seaside town. However, the Lotus Eaters attracts very good customers because of the setting.

Support & training:

Support handing over the business, introduction to suppliers etc. and support with paperwork as possible

Reasons for selling:

The owners have to return to Germany because of family committments.

Trading hours:

11.00 - 15.30 and 18.00 until midnight

Financing available:

unfortunately not

Furniture / Fixtures value:

€30,000 (included in the asking price)