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Hotel in Samos  /North Aegean Islands  (Code: 121540417)

Have you ever dreamed of owning an Hotel by the sea? This is your chance!

 

On own property of 5.500 square meters, the Hotel-Restaurant complex has been gradually built up since 1990. It has 55 self-catered studios and apartments and another 60-80 can be added on the currently unused land of the property. The Hotel also offers a pool with a pool bar and a BBQ area. 3 different catering businesses complement the Hotel, but also attract customers as independent businesses: a) a Taverna literally at the crest of the wave during the summer months, b) a fine dining-restaurant and c) a casual dining/cafe restaurant.

 

Up to the summer of 2018 the business was open all year-round. Revenue had grown from € 230 thousand for the 2014 season (May 2013 – April 2014) to almost € 800 thousand for the 2017 and 2018 seasons. The € 800 thousand were split € 330 thousand from the Hotel and € 470 thousand from the Taverna.

 

After the summer of 2018 both the Hotel and the Taverna ceased operating during the Winter months. The business’s Revenue without the winter months was € 585 thousand, € 280 thousand from the Hotel and € 305 thousand from Restaurants.

 

During the Winter of 2018 the Hotel was renovated and transformed into an all-inclusive unit, with very positive results. Revenue in the 2019 season was higher than the 2017 and 2018 seasons, and according to early bookings the 2020 looked even better, before the pandemic.

 

With the potential addition of another 60-80 apartments-studios, the Business can significantly increase Revenue and Profitability. The demand is already there and rapidly increasing. However, current owners are approaching retirement and will not be able to realize this new expansion of their business.

TRANSACTION TYPE

Asset Sale

 

 

REASON FOR SALE

Retirement

 

 

REVENUE

650.000

 

 

LAND VALUE

Included in the asking price

 

 

Financial data:  
Sales:
650.000 €
Profit:
180.000 €
Asking Price:
1.600.000 €
Down Payment :
Negotiable
 
For more information please contact us.

The financial figures presented in this section have been derived from the seller’s financial statements and/or form the seller’s tax returns and/or from seller’s 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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