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Prosperous Family Run Restaurant For Sale
Location: Cyprus -> Pernera
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

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.


Asking Price Range:  < $250K
Gross Revenues:   $60,000
Cash Flow:   $60,000
Cash Flow Type:  EBITDA
Inventory:  $100,000
Seller Financing:  No

About The Business

Year Established:  2005
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  As long as required.
Reason For Selling:  Family commitments in U.K.


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Prosperous Family Run Restaurant For Sale Photo 1 Prosperous Family Run Restaurant For Sale Photo 2 Prosperous Family Run Restaurant For Sale Photo 3

Print Listing Id: 700127903
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