Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

Fresh Coat Painters Franchise Opportunity

The Interface Financial Group Franchise Opportunity

Cruise Planners / American Express Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

Hotel, On The First Line From The Sea
Location: Greece -> Thessaloniki
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

Hotel, on the first line from the sea, in the city of Thessaloniki. The area of the hotel - 1 130 sq. m. land Area - 247 sq. m. Year built - 1912. This project provides for the acquisition of real estate, existing business, hotels. The construction of the building and its technical condition requires work on its reconstruction. To improve the quality of service, you must perform the following works: repair of the building; partial replacement of furniture, the device superior rooms; partial or complete replacement and repair of engineering equipment; purchase of software; construction of the pool; landscaping. Thessaloniki is the second largest city in Greece with a population, together with suburban areas, of more than 1,000,000 people. In Thessaloniki are: Aristotle University-the largest University in the Balkans, Macedonia airport and a major seaport, in its economic importance is second after Piraeus. In 2016, UNESCO included Thessaloniki in the list of the most attractive cities in the world. The hotel is located 20 meters from the sea and 18 kilometers from the airport. The cost of the hotel - 2 600 000 euros. There is a project of reconstruction of the hotel. With its implementation, the payback period will be 10 years, the rate of return on investment - 11 %. Part of the costs of acquisition, design, construction/reconstruction and equipment can be compensated from the funds of the European Union and Greece, in the form of grants for business development and VAT refund from the purchased goods. The amount of compensation varies from 35 to 55 %, each project is considered individually by a specialized body. The documents are ready to deal. Additional information is available upon request.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1912
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned

Photos

View Larger Photo(s) Of Business
Hotel, On The First Line From The Sea Photo 1 Hotel, On The First Line From The Sea Photo 2




Print Listing Id: 700331309
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!


Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



CAN'T FIND A BUSINESS?
Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700331309
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.