Profitable Restaurant for Sale in Limassol, Cyprus
Acquire a well-loved restaurant with homemade Greek dishes and a capacity for 260.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Other |
| Reported Sales | USD 304 thousand |
| Run Rate Sales | USD 630 thousand |
| EBITDA Margin | 40 % |
| Industries | Restaurants |
| Locations | Limassol |
| Local Time | 11:19 AM Europe / Istanbul |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
175 thousand
(Native Currency: EUR 150,000)
Reason: Because of health issues.
Includes physical assets worth
USD
70 thousand
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Business Overview
- Established restaurant located in Limassol, specializing in traditional homemade Greek cuisine, perfect for food enthusiasts and locals alike.
- Offers a diverse menu featuring popular Greek dishes, including shark tope, steak, and pork chops, catering to both vegetarian and non-vegetarian preferences.
- Average order value stands at EUR 12 for main courses, ensuring profitable revenue generation through high customer turnover.
- Positioned in a scenic location within the Troodos forest, enhancing the dining experience with a beautiful natural backdrop.
- A dedicated team of four employees provides exceptional service, ensuring customer satisfaction and repeat business in the competitive food and beverage industry.
- 150 people visit the restaurant per day.
- Seating capacity is 85 persons, and this can be extended to 260.
- Offers a diverse menu featuring popular Greek dishes, including shark tope, steak, and pork chops, catering to both vegetarian and non-vegetarian preferences.
- Average order value stands at EUR 12 for main courses, ensuring profitable revenue generation through high customer turnover.
- Positioned in a scenic location within the Troodos forest, enhancing the dining experience with a beautiful natural backdrop.
- A dedicated team of four employees provides exceptional service, ensuring customer satisfaction and repeat business in the competitive food and beverage industry.
- 150 people visit the restaurant per day.
- Seating capacity is 85 persons, and this can be extended to 260.
Products & Services Overview
Top selling items in Greek food like shark tope, steak, pork chops.
Assets Overview
Tangible assets: Kitchen equipment, furniture.Intangible assets: Ministry of Tourism license (license to open a restaurant in Cyprus).
Facilities Overview
The restaurant has an area of 140 sqm, outside area is 700 sqm which is also a part of this only but not used extensively as of now.This outside area has a swimming pool as well.
The restaurant is not owned. But there is no rent to be paid either. Hence the buyer can immediately start his operations without having to worry about any rent. The only condition for having no rent is that the business should be operational for the entire year. More details about this can be discussed with the buyer.
Capitalization Overview
The business has no loans and has been self funded so far. The business owner owns 100% of the company.
Recent Activity
-
1 week, 3 days agoManaging Partner, Investment Advisory Services, Limassol, Corporate Investor / Buyer connected with the Business
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