Profitable Bar for Sale in Famagusta, Cyprus

For sale: Resto-bar located in tourist visited area in Famagusta with over 100 daily customers.

Established	5-10 year(s)
Employees	10 - 50
Legal Entity	General Partnership
Reported Sales	USD 170 thousand
Run Rate Sales	USD 200 thousand
EBITDA Margin	40 %
Industries	Restaurants + 1 more
Locations	Famagusta
Local Time	10:05 AM Europe / Istanbul
Listed By	Business Owner / Director
Status	Moderately Active

6 / 10

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Full Sale

Asking Price: USD 50 thousand (Native Currency: EUR 45,000)

Reason: Due to the owner's involvement in a few other businesses, the owner does not have time to take this ... View More

Includes physical assets worth USD 32 thousand

Name, Phone, Email

Available after connect

Business Name

Available after connect

User Verification

Business Overview

- Restaurant located inside Othello castle one of the tourist attractions in Famagusta offering cocktails, BBQ, Turkish meze, and Italian food.

- The restaurant receives a daily footfall of over 120 customers during the weekdays and over 250 customers during the weekends.

- The total seating capacity of the resto-bar is 180 people.

- 70% of the sales in generated through the sale of drinks and 30% of sales from food.

- It is a general partnership company with 3 partners having equal shareholding.

- Company has no debts or liabilities.

Products & Services Overview

Cocktails, BBQ, Turkish meze, and Italian food.

Assets Overview

Tangible- Entire kitchen equipment, furniture, and all associated assets.

Intangible- brand and license.

Facilities Overview

An area of 250 square meters on 2 floors with a monthly rent of EUR 720.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Director, Food And Beverage, Dubai, Individual Investor / Buyer connected with the Business
Earlier than 15 days
Project Manager, Real Estate, Düsseldorf, Individual Investor / Buyer connected with the Business
Earlier than 15 days
Assistant General Manager, Aviation, Delhi, Individual Investor / Buyer connected with the Business

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Profitable Bar for Sale in Famagusta, Cyprus

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