Newly Established Bar for Sale in Larnaca, Cyprus
For Sale: Non-operational seaside restaurant with a 16-year history; high seating-capacity and established brand presence.
Premium Plan
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 530 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Restaurants + 1 more |
| Locations | Larnaca |
| Local Time | 11:22 PM Europe / Athens |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Full Sale
Asking Price:
USD
320 thousand
(Native Currency: EUR 300,000)
Reason: The promoter is retiring.
Includes physical assets worth
USD
320 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- Prime location: The business is a strategically located non-operational seaside restaurant in Larnaca, Cyprus, offering high visibility and accessibility to both locals and tourists.
- Turnkey operation: the restaurant is fully furnished with a fully equipped kitchen and bar, providing an attractive opportunity for potential investors looking for a turnkey operation in the restaurant and bar industry. Can restart operations immediately.
- Business history: With a 16-year operational history, the restaurant has a strong foundation and brand presence in the local market, making it an appealing investment opportunity for those seeking an established business.
- Revenue potential: despite the recent cessation of operations due to promoter health issues, the restaurant has a history of serving approximately 150 walk-ins per day, indicating the potential for revenue generation upon resuming operations.
- Capacity and ambience: the restaurant boasts an impressive seating capacity of approximately 250, including a spacious fully air-conditioned outside area with floor-to-ceiling windows and a sea view, enhancing the whole dining experience.
- Business is registered with a food and liquor licence.
- Turnkey operation: the restaurant is fully furnished with a fully equipped kitchen and bar, providing an attractive opportunity for potential investors looking for a turnkey operation in the restaurant and bar industry. Can restart operations immediately.
- Business history: With a 16-year operational history, the restaurant has a strong foundation and brand presence in the local market, making it an appealing investment opportunity for those seeking an established business.
- Revenue potential: despite the recent cessation of operations due to promoter health issues, the restaurant has a history of serving approximately 150 walk-ins per day, indicating the potential for revenue generation upon resuming operations.
- Capacity and ambience: the restaurant boasts an impressive seating capacity of approximately 250, including a spacious fully air-conditioned outside area with floor-to-ceiling windows and a sea view, enhancing the whole dining experience.
- Business is registered with a food and liquor licence.
Products & Services Overview
The business top selling dishes were:- Sushi.
- Platters.
- Pasta.
Assets Overview
Tangible assets: fixtures and fittings, kitchen equipment and interiors worth EUR 300k.Intangible assets: food and liquor licence.
Facilities Overview
We used to operate in a rented facility of area 700 sq ft with 2 floors in Larnaca, Cyprus.We are located in a prime spot with a sea view.
Seating capacity: 250.
Rent: EUR 4,700 per month and the security deposit is 1 month's rent.
The buyer can operate from the same facility.
Capitalization Overview
The business has no loans and has 2 partners with equal stakes.The legal entity and brand name are for sale.
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