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Restaurant for Sale in Stari Grad, Croatia

For Sale: Top rated restaurant with established clientele, located on the popular island of Hvar.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees < 2
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 227 thousand
Run Rate Sales USD 140 thousand
EBITDA Margin 14 %
Industries Restaurants
Locations  Stari Grad
Local Time 4:38 AM Europe / Zagreb
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 46 thousand (Native Currency: EUR 40,000)
Reason: Parting ways with silent partner to explore new ventures. The restaurant did not operate for a total... View More
Includes physical assets worth USD 29 thousand
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Business Overview
- Located in Stari Grad on the popular island of Hvar, the restaurant is well-positioned in a vibrant tourist destination.
- The restaurant boasts top ratings, including #2 on TripAdvisor and a 4.8 on Google, making it a well-recognized dining spot.
- Attracts a diverse clientele comprising locals, expatriates, and tourists, with a notable 40% of customers being repeat visitors.
- Strong relationships with local expat communities, suppliers, tour agencies, hotels, and resorts enhance customer acquisition and retention.
- There has been a decline in sales on paper, solely due to shorter operating days. Can provide proof of fewer days/hours worked.
- Despite a decline in reported sales due to reduced operating hours, actual sales figures indicate an upward trend based on hours worked.
- This is a seasonal business that relies on tourism, with walk-in traffic varying by season.
- Business has a tax certificate.
- Have an employee cum an owner. We hire part time staff based on demand.
Sales by year:
3 years back- €354,496.
2 years back- €290,457.
Last year- €195,351.
Current year- €130,000.
Products & Services Overview
Our best selling dishes consist of fusion recipes, curries, vegetarian options and specialty mocktails and cocktails.
We serve veg and non veg food.
Assets Overview
Physical assets - Fully equipped kitchen and bar, complete with restaurant furniture, smallware, and a brand-new Smart (Monri) cash register purchased in August, audio system with 10 speakers installed both indoors and outdoors, as well as heating solutions—two outdoor units visible in photos and two indoor BEHA radiators.
Intangible assets - Recognizable brand with a loyal, year-round customer base, professionally developed menus, recipes, and specifications for top-selling items. The Smart Office back-office software provides detailed sales insights and supports features such as happy hour automation, loyalty cards, and online menu and ordering. A two-month handover period is included, covering assistance with permits, hiring, training, access to key contacts, and optional menu revision or development.
Facilities Overview
10-year lease, with 5 years remaining on the contract at €17,900 per year. The current indoor seating capacity is 32, while the garden can accommodate between 80 and 120 guests, depending on table layout. The premises feature three entryways, one through the garden and two through the front of the restaurant, both offering sea views.
The location also allows for additional seating rental from the town, with space for up to 26 guests at an approximate cost of €1,200 per year (sea view). After our first year of operations, we relocated to this site, and our customer base has not only followed us but continued to grow.
The sale of the business is not tied to the current location. Handover support can be arranged at an alternative site should the buyer choose to relocate. There is also an option to purchase the brand independently, without equipment. This includes the name, menu, recipes and specifications, training and handover support, as well as access to Google, TripAdvisor, and other social media accounts and contacts.
Capitalization Overview
The business has an outstanding debt of €5,000 which will be cleared with the funds from the sale. Business has been self-funded with the sole owner and shareholder.
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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5 Buyers viewed this Business this week. 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.
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