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Restaurant And Guesthouse In Iceland For Sale

Iceland
Asking Price:
$130,000 (USD) Furniture / Fixtures included
Sales Revenue:
$484,000 (USD)
Cash Flow:
$110,000 (USD)

Great Restaurant and Bed and Breakfast located in North East Iceland on the Arctic Coast Way in Þórshöfn. High Quality Restaurant seats 50+ specializing in fresh fish ( off the docks ) lamb and other Icelandic specialties. Guesthouse was built 2 years later. Has 6 rooms 3 with private baths. Both the restaurant and guesthouse have a very high reputation.
Business has been open year round since opening. It is the only restaurant in a 100km radius and it is "the locale" in town. Þórshöfn is a bustling fishing village.
The restaurant has a full bar license and can operate til 2300 on weekdays and 0300 on weekends.
Tourism has been on the rise in the area.
Owner has opened two other restaurants recently, and cannot concentrate on all three.
The restaurant is for sale for the right person.
Owner can train and prepare the new owner.
This is a perfect opportunity for a young chef who wants to experience the arctic.
It is a family friendly town, with a very good school.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Leasehold Rent:

$12,000 (USD) per annum

Living Accommodation:

Rooms are available or adaptable for living quarters. Owner may also rent out their house.

Location:

On the Harbor

Premises Details:

Located in the original fish factory. It is a historic building that has beautiful views of the harbor. The guesthouse is across the street and it is located in a renovated building from 1927

Business Operation

Expansion Potential:

Tourism is on the rise and the business is located on the Arctic Coast Way

Reasons for selling:

I recently opened a new restaurant in May and also operate a 17 rooms hotel with restaurant and run a very successful travel company. I have realized that I cannot commit and give 100% to all of it. I am travel too far between the places on a regular basis

Trading hours:

11-22 and 3am on weekends

Employees:
9
Years established:
13 years

Other Information

Support & training:

Owner will support and train the new owner. Owner also promises groups and clients from his travel company

Furniture / Fixtures value:
$70,000 (USD) - included in the asking price
Website:
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