Bar for Sale in Peyia, Cyprus
Established | 10-20 year(s) |
Employees | 5 - 10 |
Legal Entity | Sole Proprietorship/Sole Trader |
Reported Sales | USD 500 thousand |
Run Rate Sales | USD 540 thousand |
EBITDA Margin | 20 - 30 % |
Industries | Restaurants + 1 more |
Locations | Peyia |
Local Time | 8:16 PM Europe / Istanbul |
Listed By | Business Owner / Director |
Status | Active |
- The business caters to both local and tourist clientele with a seating capacity of 80.
- Offerings include American grill, continental, and Italian cuisine, with popular items including burgers, ribs, salads, and chicken tenders.
- The prices of the dishes offered at the restaurant range from 10 EUR to 28 EUR.
- Utilizes food delivery platforms such as Foody, accounting for 5-10% of sales, and also offers delivery and takeaway services.
- Positioned in a tourist area, the business experiences a daily footfall of approximately 150 in the summer and 60-70 in the winter.
- The business being established for 10 years, has built a strong brand and loyal customer base, particularly popular among locals.
- The promoter's experience of 30 years in running hospitality venues has also played a major role in the success of this business.
- Regular entertainment offerings such as karaoke three times a week, live sports, and events like a dart board and pool table contribute to a vibrant atmosphere.
- Additionally, the business benefits from its proximity to a beach, souvenir shops, holiday villas, and a residential area, enhancing its appeal to both tourists and locals.
- Furthermore, the establishment has been recognized with multiple awards, including the Best British Pub in Cyprus for three consecutive years.
- We have the necessary operation license, food license, alcohol license as well as music license for love music shows that are essential to run the business in the given locality.
- These are popular among both local and tourist clientele, with tourists primarily visiting in the summer.
The intangible assets comprise a long lease valid for the next 13 years, the existing staff, goodwill, social media, and website accounts.
There are no external loans and all suppliers are paid mainly in cash on delivery.
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Earlier than 15 daysCEO, Investments, Nicosia, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Financial Services, Nicosia, Corporate Investor / Buyer connected with the Business