Lovely Cafe Bar For Sale
Location Greece
Asking Price Range < $250K
Gross Revenues $35000
Net Profit / Cash Flow $7500
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1980
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Will be provided.
Reason for Sale Ill health.
Description Loveley Cafe Snack Bar For Sale. Asking Price _50,000. Price includes all furnture, fixtures and fittings and stocks. Business is currently run from April to October as a Snack & Cocktail bar. Good revenues with fantastic potential. It has 40 covers plus 8 bar stools. Business has a vast outside terrace, partly covered with an awning and a 3 sided indoor bar. It comes with a fully equipped kitchen and bar area. A list of all items included in the price are available on request. The building is leased, and the current rent is _5,500 per year with an annual 5% increase. The current rent is paid up until 31 July 2009. Recently repainted inside and out and a brand new water tank has also been installed. Utility bills and general overhead costs are very low.
The business also has a pool table which is rented on a 50-50 basis. This brings in good revenue for doing very little! The Business has been running for many years, and previous owners have all enjoyed their time running the cafe. We have had it 2 years and it is due to ill health that it is up for sale.
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