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Cheers Bar - Zakynthos
Location Greece
Asking Price Range < $250K
Gross Revenues $63000
Net Profit / Cash Flow $42000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1988
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Assistance with all transfers of contracts and licenses.
Reason for Sale Change in family circumstances.
Description An absolute bargain at 45,000 euros!
Email or call: Linda McConnell - 0030 698 2311 763.
The Cheers Bar is ideally situated in the centre of the town of Alykes, Zakynthos.
It is on the direct walkway between the majority of accommodation and the main street.
The beach is not even 100m from the bar and is classed as one of the finest on the island.
The required licenses for the business are all in place and would only need to be legally transferred to the new licensee.
The tourist trade, although mixed European, is currently predominantly British, with many Greek visitors making up the majority of the remainder.
The Winter trade is all local British and Greek residents. This market provides a strong income as reflected in the figures.
I would also like to update this with the welcome news that Easyjet have confirmed Zakynthos as a new route for 2010. Their flights are available from 21st May. This will have an immediate positive effect on the tourist trade in our area.
Cheers Bar is one of very few bars to enjoy an all year round patronage.
It is also one of the most established bars in Alykes and has been trading as such for over 22 years to date.
The bar for sale is also fully licensed to operate as a snack bar and internet cafe.
All licenses for this business are current and up to date.
We will be happy to advise and assist with the license and contract exchange.
A non-refundable deposit of 5000 euros would secure the sale of the business.
Click Here To Contact Seller
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