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Hotel for Sale in Milos, Greece

Boutique hotel in Adamas, Milos, 10 rooms, a detached house, laundry and storage rooms, cafe.

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
Overall Rating
Full Sale
Asking Price: USD 2.25 million (Native Currency: EUR 2,000,000)
Reason: The owner is relocating to another country.
Includes physical assets worth USD 2.03 million
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Business Name
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Business Overview
- Operating season - from May to October (could be expanded from April to November) with 85% occupancy.
- 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.
Products & Services Overview
We offer our guests accommodation, laundry services, storage services, and a cafe as well.
The accommodation is the top-selling service.
Assets Overview
Tangible assets:
- 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.
Facilities Overview
- Our hotel has 10 rooms, a detached house (120 m2), a laundry and storage (80 m2), a room for stuff, a bar, and a kitchen on the 120 m2 terrace with a beautiful view of the town and the sea.
- 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.
Capitalization Overview
- This is a sole-owner business and is debt-free.
Recent Activity
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3 Buyers already contacted this Business. Register below to connect now!
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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