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Listing ID: 533122

Growing Cafe/ Bar Business in Idyllic Location Right By The Sea For Sale

Elounda, Lasithi, Crete, Greece

BUSINESS SOLD

(Furniture / Fixtures and Inventory / Stock included)

Revenue: € 50,000

Cash Flow: € 50,000

Business Description

The Cafe/Bar is located right by the sea along with several hotels and apartments and only a short walk from Elounda Village centre, harbour and beaches.

The Cafe/Bar has 40 covers outside on terrace under well established Palm Trees. Seating for a further 20 inside in Lounge Bar.
Top 10 on Trip Advisor.

Fully equipped kitchen and bar.

Currently trading as a Cafe/Bar serving light lunches, sandwiches, cakes, etc, noon to 6 O’clock. Bar open from noon till late. Turnover €40K based on six month season.

Further potential for breakfast trade and evening events.

An opportunity not to be missed for a superb lifestyle change.
New fire license.
Monthly rent €750.

Two bed apartment above premises available under separate agreement.

Elounda is a very popular resort with a great choice of restaurants, tavernas, bars and shops. The tourist return rate is very high. There is a pretty beach and delightful harbour area. In addition, the former Venetian fortress and leper colony of the island of Spinalonga is close by.

Property Details

Years Established:

The business has been established many years.

Property Type:

Lease

Other Details

Business Location:

The Cafe/Bar is located right by the sea along with several hotels and apartments and only a short walk from Elounda Village centre, harbour and beaches. Elounda is a very popular resort with a great choice of restaurants, tavernas, bars and shops. The tourist return rate is very high. There is a pretty beach and delightful harbour area. In addition, the former Venetian fortress and leper colony of the island of Spinalonga is close by.

Premise Details:

The Cafe/Bar has 40 covers outside on terrace under well established Palm Trees. Seating for a further 20 inside in Lounge Bar. Fully equipped kitchen and bar.

Competition:

This is the only independent Café/Bar in the area.

Expansion Potential:

Currently trading as a Cafe/Bar serving light lunches, sandwiches, cakes, etc, noon to 6 O’clock. Bar open from noon till late. Further potential for breakfast trade and evening events.

Living Accommodation?

Yes
Two bed apartment above premises available under separate agreement with same landlord, current rent 350 Euro/Month.

Operation Details

Employees:

0

Trading Hours:

Currently trading as a Cafe/Bar serving light lunches, sandwiches, cakes, etc, noon to 6 O’clock. Bar open from noon till late.

Support & Training:

The business transfer process is quite simple. Full help to go through this process would be given by myself. The main elements to conclude a transfer are; tax number, signed lease agreement and sale contract. All these can be obtained easily. Once the accountant has these he can do the business transfer with the appropriate tax office. The trading license transfer would require a simple medical and residency permit.

Miscellaneous

Reason For Selling:

Ill Health.

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