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Bed & Breakfast for Sale in Corfu, Greece

4-room luxury hotel with 70% occupancy, 80% international guests, 16 guests/day & great reviews.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 180 thousand
EBITDA Margin 40 %
Industries Bed & Breakfasts
Locations  Corfu
Local Time 11:35 PM Europe / Belgrade
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 430 thousand (Native Currency: EUR 405,000)
Reason: - The owner of the company has relocated to a different country and is very difficult for him to kee... View More
Includes physical assets worth USD 96 thousand
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Business Overview
- 4-room luxury hotel, located in the heart of Corfu Town, Greece.
- It is on the 2nd floor of a neoclassical building.
- Fully renovated premises to luxury standards (calacatta bathrooms, wooden-like tiles, premium bedding and towels, double-wall).
- Sound-proof rooms with triple-glazed windows, premium room amenities.
- We have one permanent employee and one part-time employee for welcoming guests and cleaning purposes.
- Presently it has an occupancy of 70%.
- The hotel has 80% international guests from India, Australia, and the United States.
- It has 16 guests per day having 4 rooms.
- It does not a have kitchen but has a minibar and collaboration with local restaurants nearby for providing food to the guests.
- It has good reviews on Booking. com.
- Charges per day are EUR 110 during the off-season.
And EUR 210 during summers.
- The hotel is in a 3-floor building and the buyer can also lease the 1st floor if they wish to expand.
- There is no last year reported sales as we started business 6 months ago only.
- The owner has relocated to Serbia.
Products & Services Overview
- 4 luxury rooms accommodating maximum 4 guests, located on the 2nd floor of a neoclassical building.
Assets Overview
- Tangible assets:
All 4 rooms are fully equipped with premium bedding, double sofa convertible to double bed, closets with LED lights upon opening, desk, minibar, espresso coffee machine, tea kettle, 42" TV, air conditioning, 2 central heat pumps for hot water, premium linens and towels, coffee table, calacatta tiles in bathrooms, laufen bathroom fixtures, triple-glazed windows, security room doors, fire detectors and fire extinguishers, CCTV camera, 1 room has a balcony and all rooms have unobstructed views through 2 windows in each room.
- Intangible assets:
Impeccable reviews through the over 90 guests we hosted during our 6 months of operation, and the incredible location of the hotel.
Facilities Overview
- 4 luxury rooms hotel on the 2nd floor of the building with 47 sqm area each and the total area of the floor is 175 sqm. - The 2nd floor is under a 15-year lease with the possibility of an extension with the lease amount of EUR 1,700 monthly.
Capitalization Overview
- There is only one owner.
- There are no debts or outstanding loans, apart from the EUR 100,000 cash injection, placed to get the spaces renovated.
Since the opening a few months ago, the hotel-type rooms have been self-sustaining, producing around 15,000 euros every month, with the summer months reaching and exceeding 20,000 euros.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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