Restaurant for Sale in Paphos, Cyprus
For Sale: Profitable and established waterfront restaurant with a strong customer base and seamless operations.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 234 thousand |
| Run Rate Sales | USD 350 thousand |
| EBITDA Margin | 22 % |
| Industries | Restaurants |
| Locations | Paphos |
| Local Time | 7:25 AM Europe / Istanbul |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
330 thousand
(Native Currency: EUR 280,000)
Reason: Relocation to home country due to family reasons.
Includes physical assets worth
USD
234 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
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Business Overview
Highly regarded and well-established, this seaside restaurant enjoys a prime location with stunning sea views. A strong, loyal customer base of both locals and tourists keeps the business thriving. Fully equipped and operational, the kitchen and front-of-house facilities are well-maintained and up to date with all regulations. The business is ready to open the moment you sign, with a negotiated, stable rent contract in place.
The current owners are relocating to another country, but they are committed to a smooth transition and will provide assistance as needed. The restaurant has an excellent relationship with distributors, ensuring a seamless supply chain. All paperwork is prepared for your inspection, and the business has been audited annually by a professional accountant. All equipment, including the POS system, is in working order, making this an incredible opportunity to own a thriving, turnkey restaurant.
We have highly efficient employees that help us achieve minimum monthly sales of EUR 25k-35k.
The new buyer can hire part-time workers due to peak season.
The sales were lower than normal last year because we chose to operate the restaurant for only 8 months due to personal circumstances.
The current owners are relocating to another country, but they are committed to a smooth transition and will provide assistance as needed. The restaurant has an excellent relationship with distributors, ensuring a seamless supply chain. All paperwork is prepared for your inspection, and the business has been audited annually by a professional accountant. All equipment, including the POS system, is in working order, making this an incredible opportunity to own a thriving, turnkey restaurant.
We have highly efficient employees that help us achieve minimum monthly sales of EUR 25k-35k.
The new buyer can hire part-time workers due to peak season.
The sales were lower than normal last year because we chose to operate the restaurant for only 8 months due to personal circumstances.
Products & Services Overview
Fully operational and licensed restaurant with 10 years history, a mixed clientele of locals and tourists, located between 3 hotels, with sea views, just off the main road.
Assets Overview
Tangible assets.Fully operational kitchen worth EUR 100,000 with well-maintained equipment including a new Rational oven.
Greek-style tables for the interior, new tables and chairs for the terraces, and other furniture worth EUR 35,000.
Other assets worth EUR 65,000 include the POS systems, a fully functional and well-maintained bar, and fixtures.
The buyer gets a fully functional turnkey restaurant.
Facilities Overview
It is a restaurant with 2 terraces, one indoor (covered), and one outdoor. On the upper floor, we have storage and staff changing rooms, and on the client side, we have another toilet. The complete capacity is 80 pax. The lease is established and negotiated at a stable rate. We can help with transitioning. The lease is renewed every 5 years.
Capitalization Overview
The business is funding itself, with no need for a cash injection. It is owned by a married couple through an LLC, it has no debts or credit lines.
Recent Activity
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4 days, 14 hours agoAccountant, Management Consultancy, Bedford, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysOwner, Restaurant, London, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Technology, Kolkata, Corporate Investor / Buyer connected with the Business
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