Profitable Restaurant for Sale in Tinos, Greece
Established | 5-10 year(s) |
Employees | 5 - 10 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 140 thousand |
Run Rate Sales | USD 350 thousand |
EBITDA Margin | 30 % |
Industries | Restaurants |
Locations | Tinos |
Local Time | 9:31 PM Europe / Athens |
Listed By | Business Owner / Director |
Status | Active |
It is located in the traditional village of Triantaros, on Tinos island, 6 km far from the port.
- It is a seasonal business and operates from the beginning of May to the end of October. However, as it has a covered space, it can also work during the winter period.
- The restaurant has gained a high reputation and has been distinguished and recommended by the prominent "Greek Gastronomy Awards" (9.4/10) and the "Restaurant Guru" (2021). It has also a strong reputation on social media (5 stars on Tripadvisor).
- Conservative estimates provided for our sales, we can disclose books of accounts to interested buyers.
- Buyer gets all the appliances of the kitchen, furniture, newly renovated fixtures, legal entity, licenses, brand name, goodwill, and VAT refund of EUR 10k on future sales.
- Debt-free family-owned business with an ownership split of 60:30:10.
Triantaros village is one of the most popular destinations on Tinos island due to the short distance from the port and the magnificent views. Near the restaurant, there are two luxury accommodation units as well as several Airbnbs that provide the restaurant with a high-quality clientele. Moreover, Tinos has been recorded as one of the distinguished gastronomic and wine destinations in Greece.
Intangible assets - brand name, the high reputation of the restaurant, client base; buyer will also profit € 10,000 VAT refund on future sales due to the depreciation of the investment.
On the upper floor, there is a fully equipped kitchen, a terrace with an amazing sea view that serves 28 people, the service point, a storeroom, and two rooms for the boarding of 3-4 employees. On the lower floor, there is a hall with tables that serves another 28 people, the wine cellar, the toilettes, and another storeroom. There is also a fully equipped bar with a sea view.
The place is not owned but we pay a low monthly rent of EUR 800/per month. No deposit was paid for the property, as we have a close association with the property owner.
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Earlier than 15 daysBusiness Development Manager, Architectural, Engineering Services, Tel Aviv-Yafo, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManager, Automation, Rome, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Restaurant, Athens, Individual Investor / Buyer connected with the Business