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Restaurant in Syros  /Cyclades  (Code: 011520315)

One of the best Restaurants in Syros, prides itself of artisan raw materials and has enchanted the public and professional critics alike.

Seaside location with uninhibited sea view toward the islands of Cyclades. The menu is based on (but not limited to) Aegean Specialties and daily dishes according to what the market has to offer and fresh fish caught each day.

After many years of consistently offering an excellent quality at reasonable prices, the Restaurant has made quite a name for itself and has created a loyal Client base. The business survived the crisis and has started to show signs of recovery in 2014. Pre-crisis, annual Sales exceeded Ä 400 thousand.

Syros is gradually moving away from an economy based on its administrative position as the center of Cyclades and is looking towards tourism for growth. This shift will undoubtedly benefit the Restaurantís prospects.

With Typical Year Sales at Ä 250 thousand and SDE Profit Ä 32 thousand, this is a very attractive investment opportunity. Summertime location, the Restaurant is open daily from May to October.

Fully equipped, can serve 150 customers simultaneously and in tip-top shape after the renovation of 2013. Current owners have to choose between running the Restaurant and raising two kids. Guess who wins!

Isnít his your dream business in the Greek summer, face-to-face with the Cycladic sea?

TRANSACTION TYPE

Asset Sale

REASON FOR SALE

Family life not compatible with running a Restaurant

Financial data:  
Sales:
250.000 Ä
Profit:
32.000 Ä
Asking Price:
125.000 Ä
Down Payment :
Negotiable
 
For more information please contact us.

The financial figures presented in this section have been derived from the sellerís financial statements and/or form the sellerís tax returns and/or from sellerís representations. Recast profits (before interest, taxation depreciation and amortization) and sales have been normalized to reflect a typical fiscal year for the business.

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