↩ Go Back
Need help?

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 260 thousand
EBITDA Margin 0 - 10 %
Industries Restaurants
Locations  Pireas
Local Time 12:00 PM Europe / Athens
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 320 thousand (Native Currency: EUR 300,000)
Reason: The promoter is retiring.
Includes physical assets worth USD 320 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
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.

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
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.
Contact Business

252 Buyers viewed this Business.
Register below to connect now!

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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more