Need help?

Hotel for Sale in Rethimno, Greece

Successful small pension with 25 rooms, offering accommodation, food, beverages and yoga room.

Established 30-40 year(s)
Employees 5 - 10
Legal Entity General Partnership
Reported Sales USD 560 thousand
Run Rate Sales USD 990 thousand
EBITDA Margin 40 %
Industries Hotels
Locations  Rethimno
Local Time 2:13 PM Europe / Athens
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 7 million (Native Currency: EUR 6,000,000)
Reason: The owners want to leave the tourism sector, and the buyer needs to carry out significant refurbishm... View More
Includes physical assets worth USD 5.9 million
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Located in the picturesque town of Rethimno, this small pension features 25 cozy double and triple rooms along with 4 quaint apartments, creating a charming and comfortable stay for guests.
- The pension offers a diverse range of services, including local food and beverages for guests, enhancing the overall guest experience and promoting regional cuisine.
- An inviting yoga room is available for hosting weekly yoga sessions, attracting wellness enthusiasts from across Europe and catering to a growing health-conscious market.
- The business boasts a robust clientele, with a high occupancy rate of 80 - 90%, indicating strong customer loyalty and repeat visits. The occupancy rate has increased prior to last year, leading to higher sales.
- The property has no financial encumbrances, as owners do not have any loans, allowing for a smooth transition of ownership.
- Current marketing channels include Instagram, Facebook, and the business's own website, with room for growth by leveraging additional online travel agencies such as Booking. com to expand reach.
- Situated only 60 meters from the sea, the pension benefits from a prime location, appealing to tourists looking for proximity to the beach while enjoying a peaceful retreat.
- We hire additional staff on a contract basis as needed.
Products & Services Overview
25 simple double and triple rooms & 4 small apartments.
Also have a yoga room, provided for hosting yoga groups, weekly, for clients from all over Europe.
Local food is offered to yoga groups and other individual guests.
Assets Overview
Plot, buildings, and interiors. Value of the plot alone is EUR 2.5m.
Intangible assets include the brand, social media accounts, and the website.
Facilities Overview
Own land and building.
Plot of 21,000 sqm + 3,400 sqm,
Buildings' total surface is 1,700 sqm, with potential for an additional 2,300 sqm.
The pension consists of 5 different blocks, escalating on the hill. 25 simple DBL and TRPL rooms & 4 small apartments.
Restaurant & 2 yoga rooms.
Capitalization Overview
The business is funded by its owners - father and two kids - without any pending loans or credit.
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
4 Buyers viewed this Business this week. 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.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more