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Businesses For Sale   >>   Cyprus Businesses For Sale Categories   >>   

Prosperous Family Run Restaurant For Sale

Location  Cyprus
Asking Price Range  < $250K
Gross Revenues  $60000
Net Profit / Cash Flow  $60000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2005
Number of Employees  4 - 5
Inventory  100000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  As long as required.
Reason for Sale  Family commitments in U.K.
Description  45 Cover British restaurant for sale in the seaside resort of Pernera, Cyprus. 5 Minutes to nearest beach with 6 more beaches very close by. Surrounded by Villa's and Hotels. Open at the moment for Breakfast and Evening meals. Leaving afternoons for possible expansion. Family commitments back in U.K are forcing the sale. 130 000Euro's ono. Restaurant is leased for 16,000 per year. At present we are open just for summmer season which runs from middle of April to end of October. Expat community in area is high so opening all year round is possible. Bar next door already does open all year. All licences in place. All stock and equipment in price. Kitchen equipment is all new as of 4 years ago. All furniture new as of 4 years ago. Good will for as long as required.
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