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Profitable Restaurant for Sale in Heraklion, Greece

Greek and Cypriot Taverna in Heraklion, with 46 seating capacity, offering dine-in and home delivery.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Other
Reported Sales USD 176 thousand
Run Rate Sales USD 176 thousand
EBITDA Margin 40 %
Industries Restaurants
Locations  Heraklion
Local Time 11:15 PM Europe / Athens
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 56 thousand (Native Currency: EUR 48,000)
Reason: The business owner is moving to Cyprus.
Includes physical assets worth USD 23.4 thousand
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Business Name
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Business Overview
- Greek and Cypriot Taverna located in the center of Heraklion.
- Specializing in serving food, coffee, beverages, and live music, catering to both dine-in and home delivery sales channels.
- The taverna has a seating capacity of 46.
- During the peak season which is mid-year, typically experiences a significant increase in demand, with an average of 20-30 orders per day. However, during other months, the average daily orders are less than 20.
- The average bill value at the taverna is EUR 50.
Products & Services Overview
Serves Greek and Cypriot cuisine.
Menu comprises of coffee, alcoholic and non-alcoholic beverages, appetizers, main course, desserts and snacks.
Top selling categories are meat and fish dishes.
Most of the customers are tourists.
Assets Overview
Physical assets include kitchen & electrical equipment, furniture and fixtures.
Facilities Overview
Operating from a rented facility of 2 floors, ground - 70 sqm, and 1 floor - 40 sqm. Location is Heraklion, Crete.
Rent is EUR 900/month.
Capitalization Overview
Business is self-funded.
No outstanding loans.
There is 1 owner holding 100% shares in the business.
Recent Activity
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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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