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.
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