Serviced Apartment for Sale in Athens, Greece
For Sale: 25-year lease of a profitable hotel/hostel in a prime location under the Acropolis.
| Established | 20-30 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 200 - 300 thousand |
| Run Rate Sales | USD 315 thousand |
| EBITDA Margin | 24 % |
| Industries | Hotels + 1 more |
| Locations | Athens |
| Local Time | 6:09 PM Europe / Athens |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
400 thousand
(Native Currency: EUR 380,000)
Reason: The current owner of the business has been in this business for 20 years and now wants to rest.
The...
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Includes physical assets worth
USD
52 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- Hotel/hostel business in Athens.
- The hotel is located in the tourist hub of Plaka.
- We can accommodate 31 guests and in the season we have an occupancy rate of almost 90%.
- We also have a snack bar license.
- Promotion and advertisement through OTAs like TripAdvisor, Booking. com, Facebook, and our own website as well.
- Buyer gets a 25-year lease for the hotel, brand name, and physical assets like furniture and fixtures.
- The buyer will have to do a superficial refurbishment of the hotel.
- There are no loans in the name of the real estate or the hotel business.
- The hotel business is owned by 1 individual, and so is the real estate. The business and real estate have different owners.
- The hotel is located in the tourist hub of Plaka.
- We can accommodate 31 guests and in the season we have an occupancy rate of almost 90%.
- We also have a snack bar license.
- Promotion and advertisement through OTAs like TripAdvisor, Booking. com, Facebook, and our own website as well.
- Buyer gets a 25-year lease for the hotel, brand name, and physical assets like furniture and fixtures.
- The buyer will have to do a superficial refurbishment of the hotel.
- There are no loans in the name of the real estate or the hotel business.
- The hotel business is owned by 1 individual, and so is the real estate. The business and real estate have different owners.
Products & Services Overview
31 beds. The hotel provides a comfortable stay in the city of Athens.
Assets Overview
The physical assets include the furniture of all the rooms; fixtures like the brand new central plumbing system, and the state-of-the-art solar panel system.
Facilities Overview
3 levels with 14 rooms (4 ensuite rooms/10 dorm rooms). Each room has 2 beds (3 extra beds as well). This hotel/hostel is located in Plaka, right under the Acropolis Rock which is a prime location for hotel businesses in Athens.The monthly rent for the building is EUR 4,500 and the new buyer will have to pay this amount even after paying EUR 380k for the 25-year lease.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysManager, Istanbul, Financial Consultant connected with the Business
-
Earlier than 15 daysCEO, Oil Trading, Geneva, Individual Investor / Buyer connected with the Business
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·Student Hostel for Sale in Athens, Greece
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