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Glassware Jewelry & Gift Shop
Location Cyprus
Asking Price Range $250K - $500K
Gross Revenues $141000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 1 - 3
Inventory 39650
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Poor health.
Description This business has the benefit of being located in the semi- pedestrian area adjacent to the sea front. There is a cafe opposite which gives an additional captive audience for the business. This Double fronted shop unit. (approx. 12 m x 10.2 m) is an enclosed premises with Front & back doors and an additional Covered area at front of shop approx. 6.8 m x 3.2 m. for exterior display. There is Private parking at rear of shop. There is potential for the right person to expand the business. The exact location is the Main tourist area / sea front. Poseidonos Avenue, Kato Paphos.
Tenure: The shop for sale is Rented on a 10 year lease agreement, renewable every 10 years. The landlord is happy to renew the lease. Current lease expires on 28th Feb 2014.
Fixtures & Fittings: Fixtures and fittings are to be sold as part of the business. These include all display cabinets and units, which are of a high standard and in good order.
Facilities: There is a Fully shelved storage room, approx. size 3.2m x 1.2m.
Trading licenses: Certificate from Cyprus Assay Office Jewellers register to sell silver & gold until 10/03/09. This is renewable at a cost of or _51.26. (Cœ 30.00)
Reason for Sale: The business is being sold due to ill health
Stock: As quoted in selling price*
Stock will be sold at cost within the overall asking price as stated in the selling price section. N.B. All quoted sizes are approximate.
** All quoted figures use the Cyprus Government fixed Euro rate against the old Cyprus pound.
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