Restaurant for Sale in Paphos, Cyprus

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.

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.

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.

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.

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.