Restaurant for Sale in Pireas, Greece
Historic restaurant in an Arcade with 180 seating capacity from 1897 is for sale.
| Established | 20-30 year(s) |
| Employees | 10 - 50 |
| Legal Entity | General Partnership |
| Reported Sales | USD 200 - 300 thousand |
| Run Rate Sales | USD 270 thousand |
| EBITDA Margin | 0 - 10 % |
| Industries | Restaurants |
| Locations | Pireas |
| Local Time | 5:03 AM Europe / Athens |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
336 thousand
(Native Currency: EUR 300,000)
Reason: The promoter is retiring.
Includes physical assets worth
USD
336 thousand
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Business Name
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Documents
Best Restaurant Award
(90.1 KB)
Award
(74.9 KB)
Refugee Crises Award
(1.1 MB)
Governmental Covid Help Approval ESPA
(167.2 KB)
Business Overview
- Restaurant is situated in a historic Arcade from 1897 in Piraeus next to the port, located in a famous tourist and sightseeing attractions.
- We have a seating capacity of 180 pax.
- On average, we receive 50 walk-ins per day, prior to Covid we had 150 walk-ins per day.
- We also do food delivery, and currently receive 5 to 20 orders per day.
- We have received the Best Restaurant award, awarded during refugee crisis in Piraeus harbor for providing 1,500 portions a day to refugees for 3 months as well.
- Company has 2 owners, one holds 99% stake in the company and the other holds 1% stake. Business does have a loan but it will be paid off prior to the sale of this business.
- We have a seating capacity of 180 pax.
- On average, we receive 50 walk-ins per day, prior to Covid we had 150 walk-ins per day.
- We also do food delivery, and currently receive 5 to 20 orders per day.
- We have received the Best Restaurant award, awarded during refugee crisis in Piraeus harbor for providing 1,500 portions a day to refugees for 3 months as well.
- Company has 2 owners, one holds 99% stake in the company and the other holds 1% stake. Business does have a loan but it will be paid off prior to the sale of this business.
Products & Services Overview
Restaurant that served Greek Mediterranean and Cretan cuisine. Food delivery for pinsa and kebab wraps.
Assets Overview
An Irish antique bar, 2,000 antique floor tiles placed in porch, antique bridge and ceiling with iron work, 1/2 fisherman boat on wall, designer lights, tables handmade from railway slippers + tables 80X80 about 40 pieces, 180 chairs, 3 couches for dining, full kitchen equipment, lots of fridges, grill, 3 ovens including pizza oven, and passages.
Facilities Overview
Seating area covering 250 sq. meter, kitchen area covers 150 sq. meter area, and we also have 2 terraces each covering 50 sq. meter area. The terrace area is yet not utilized. We pay a monthly rent of EUR 2,000. Porch seating, 4 rooms, kitchen toilets on upper floor.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysCEO, Oil Trading, Geneva, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, Hospitality - Hotel, Kolkata, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysOwner, Riyadh, M&A Advisor connected with the Business
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