Business For Sale In Crete

The famous business is currently ran by an enthusiastic owner operator who has developed the business to its current level.

This superbly located business property of 80m² internal space, has generated over the years a loyal clientele. Still, there is significant room for expansion with the business being as scalable as it is.

The business is found in a very busy location attracting many locals and tourists during summer. The bar has a big frontage that opens up to a delightful nature garden area of 120m² fitted with a sound and lighting system.

A modern well equipped kitchen creates a fine selection of appetizers, well known for their quality and delicious taste.

Currently the business is operating from May till October with fifteen (15) people in total: seven (7) for service, two (2) barmen, three (3) cooks, two (2) dishwashers and one (1) Dj.

The main expenses are:

* 1.300 Euros for rent with a twelve year lease
* 1.200 Euros for electricity bills
* 1.600 Euros for water bills (every 4 months)

The turnover is approximately estimated to 800.000 Euros in five (5) months and the net profit is 30% of the turnover, that is 240.000 Euros.


Location:

CHANIA is the most picturesque city of Crete. To walk through its streets gives you a great sense of its past as well as the thrill of the hustle and bustle of a lively modern town. The old Venetian part of town attracts visitors and locals to its waterfront, narrow streets and its wide choice of entertainment for all tastes and demands.

Chania's Old Town is considered the most beautiful urban district on Crete, especially the crumbling Venetian harbour. The central part of the old town is named Kastelli and has been inhabited since Neolithic times. It is located on a small hill right next to the seafront and has always been the ideal place for a settlement due to its secure position, its location next to the harbour and its proximity to the fertile valley in the south..

It is generally very picturesque, with many narrow alleys and old charming buildings, some of which have been restored as hotels, restaurants, shops and bars. This makes it a lively and colourful place especially during the warm period (April-October). In the winter, it still remains a center of activities (especially for nightlife) but in a more quiet and atmospheric way.

Price (Euros) 330000

Build area (m²) 80

Land area (m²) 120

Garden yes

Toilets 2

Other Rooms Kitchen

Electricity yes

Water yes

Distance to airport, km 15

Seaport Distance, km 6

Town Distance, km 0,1

Monthly rent (Euros) 1300