Hotel for Sale in Milos, Greece
Established | 5-10 year(s) |
Employees | 5 - 10 |
Legal Entity | Private Limited Company |
Reported Sales | USD 225 thousand |
Run Rate Sales | USD 243 thousand |
EBITDA Margin | 40 % |
Industries | Hotels |
Locations | Milos |
Local Time | 3:25 AM Europe / Athens |
Listed By | Business Owner / Director |
Status | Active |
- The hotel earns about EUR 200,000 in the 5 months of operations.
- Room rate ranges from EUR 120 per night in low season up to EUR 400 euro per night in high season.
- Buyer gets the land, property, and the assets like furniture and kitchen equipment.
- 5 employees including 2 cleaning staff, 2 service staff, and 1 for general support.
- We pay them full salaries for 5 months and then a small salary and government aid helps them in the off-season.
- The business has all the necessary food and liquor licenses, and approvals to operate the hotel. The business is registered with the government also.
The accommodation is the top-selling service.
- Land and buildings worth EUR 3,000 per sq. m. values it at about EUR 1.6 million.
- Other assets include the kitchen and laundry equipment, furniture, and interiors worth EUR 200,000.
Intangible assets:
- Alcohol license.
- Business registration.
- Legal entity.
- Located on the top of the hill of Adamas, 300 m from the port and a beach, in a very quiet area, 3 minutes walking from the shops, bars, and restaurants.
The company owns the property with a total built-up area of 533 sq. m. on a land plot of 460 sq. m.
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Earlier than 15 daysSenior Manager, Project Management, Kifisia, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysAdvisor, Athens, Financial Consultant connected with the Business
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Earlier than 15 daysSr. Sales Advisor, New York City, Business Broker connected with the Business