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Guest House for Sale in Pušćine, Croatia

Well-established restaurant and guesthouse, each contributing equally to the revenue, seeking sale of business.
This Business is on a Premium Plan
Established 50-60 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 230 thousand
Run Rate Sales USD 230 thousand
EBITDA Margin 18 %
Industries Restaurants + 1 more
Locations  Pušćine
Local Time 10:29 AM Europe / Zagreb
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.38 million (Native Currency: EUR 1,300,000)
Reason: The owners are actively seeking either a buyer for the business or a strategic partner interested in... View More
Includes physical assets worth USD 1.38 million
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Business Overview
- The 80-seat restaurant complements a guesthouse that accommodates 30 guests simultaneously, embodying a cherished family tradition for 55 years.
- Guesthouse consists of 12 accommodation units that have been refurbished in a retro style (private bathroom, AC, TV, Internet, mini bar, etc. )
- Demonstrating stable and profitable operations, both businesses hold promising potential for expansion through internal and external enhancements.
- With a balanced revenue split, the restaurant and guesthouse each contribute roughly 50% to the overall income.
- The company, boasting a team of 10 employees including the owners, maintains a workforce where 7 individuals are dedicated to restaurant operations, split between full-time and part-time roles.
- Organized into two afternoon shifts, the restaurant efficiently serves its patrons, fostering a loyal customer base over the years.
- As a well-established entity, the business enjoys regular patronage from returning guests, affirming its enduring legacy in the hospitality sector.
- Pursuing growth opportunities, the company is actively engaged in securing EU funding to subsidize investments in additional external amenities, energy efficiency measures, expanded restaurant capacity, and the transformation of the guesthouse into a hotel.
- Maximizing occupancy in current and future accommodations, the business seeks growth and diversification in the hospitality market, holding all necessary licenses.
Products & Services Overview
- The business operates with two main revenue streams: the restaurant and guesthouse accommodations.
- It offers a rich daily gastronomic selection and has extensive experience organizing various events including weddings, catering, celebrations, and family gatherings.
Assets Overview
The physical assets comprise land spanning 1,631 square meters, along with restaurant equipment and small inventories.
Facilities Overview
- The plot measuring 1,631 square meters is exclusively owned by the company and is devoid of any liens or encumbrances.
- The restaurant occupies an area of 583 square meters, while the guesthouse covers 430 square meters.
Capitalization Overview
- Some loans may be eligible for deduction from the final evaluation.
- The property is wholly owned by the business, with a 100% ownership stake.
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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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