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Profitable Restaurant for Sale in Tinos, Greece

For Sale: Wine restaurant on Tinos island with 56 seating capacity and amazing sea view.
This Business is on a Premium Plan
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
Overall Rating
Full Sale
Asking Price: USD 84 thousand (Native Currency: EUR 72,000)
Reason: The place has been created and owned by two journalists and a filmmaker who have been busy with thei... View More
Includes physical assets worth USD 68 thousand
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Business Overview
- The business was registered four years ago and opened three years back. It serves Greek creative cuisine, Greek wines as well as cocktails and spirits.
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.
Products & Services Overview
Serve wines, creative Greek cuisine, cocktails, and spirits. Also serve take away for both food and wines.
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.
Assets Overview
Tangible assets - full (new) kitchen equipment, furniture, and new fixtures.
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.
Facilities Overview
The place extends over 170 sq meters on two floors. In fact, it is a traditional stone house that we renovated to function as a wine restaurant and bar.
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.
Capitalization Overview
Not Disclosed
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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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