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Restaurant for Sale in Agia Paraskevi, Greece

Established Greek restaurant and events venue in Agia Paraskevi seeking full business sale opportunity.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 460 thousand
Run Rate Sales USD 560 thousand
EBITDA Margin 18 %
Industries Restaurants
Locations  Agia Paraskevi
Local Time 2:14 PM Europe / Athens
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 460 thousand (Native Currency: EUR 400,000)
Reason: - The business is being offered for sale due to differences in management vision and strategy among ... View More
Includes physical assets worth USD 460 thousand
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Business Overview
- Established restaurant and event venue operating from a fully renovated 79 years old mansion in Agia Paraskevi, Attica, Greece.
- Serves traditional Greek cuisine in a rustic setting, combining restaurant operations with high-demand social and corporate event hosting.
- Strategically located in the largest commercial hub of the northeastern suburbs, surrounded by more than 3,000 registered businesses.
- Multi-purpose venue catering to weddings, baptisms, corporate meetings, private celebrations, and other social gatherings.
- Outdoor event space accommodates up to 220 guests, while indoor dining and event areas accommodate up to 120 guests.
- Strong local brand presence supported by a fully developed website, active social media channels with over 70,000 followers, and positive online ratings.
- Benefits from recurring restaurant revenue as well as higher-margin event-based income streams.
- Reports full occupancy on most Saturdays and Sundays, demonstrating strong customer demand and venue utilization.
- Facility includes front and rear courtyards, outdoor bar, traditional wood-fired oven, fireplace lounge area, and dedicated storage spaces.
- Holds one of the last valid permits in the area allowing the conversion of a residential property into a food and beverage establishment.
- All operating licenses and permits are valid, with structures and facilities fully compliant with applicable regulations.
- The higher run-rate revenue is supported by the venue's dual income streams from restaurant operations and large-capacity events such as weddings, baptisms, corporate gatherings, and private celebrations, which generate substantial revenue with a lean team of 7 employees.
Products & Services Overview
Traditional Greek dining experiences, weddings, baptisms, corporate events, private celebrations, and catered functions. Clientele includes local families, corporate groups, event organizers, wedding parties, and residents of the greater Attica region.
Assets Overview
Intangible assets include a well-established brand with a strong market reputation, a loyal customer base, established social media presence, and diversified revenue streams from restaurant operations, weddings, baptisms, corporate functions, and private events. Tangible assets include kitchen equipment, furniture, fixtures, and operational infrastructure.
Facilities Overview
Operates from a fully compliant leased property featuring 626 sq. m. of land, 480 sq. m. of outdoor event space with dual courtyards, an outdoor bar, wood-fired oven, fireplace lounge, storage facilities, and one of the area's last valid permits for food and beverage operations, with rent fixed at EUR 2,500 per month for the first four years and EUR 2,900 per month for the following six years.
Capitalization Overview
The business is owned by three shareholders and has no outstanding debts, loans, liabilities, or obligations to any public authority, financial institution, or private entity.
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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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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