A fantastic opportunity has arisen to acquire one of the most popular bars in Paphos which is located right in the heart of the prime tourist area. Yet this establishment is busy ALL YEAR ROUND. It enjoys a highly visible frontage in the pedestrian zone and can even be seen from the sea which is only 50 metres or so away. The bar is sports orientated offering all big game coverage via two major satellite TV systems. It is also kitted out for internet communication. Offering a range of favourite pub games as well, this bar is all things to all people. The bar consists of two levels totalling approx 224 square metres with a covered terrace of about 92 square metres.
The ground floor bar area can seat around 100 customers with 40 or so standing. Toilets are upstairs where there is also a large store room. This could be converted into an additional public seating area with views into the lively street out front. The customers of the bar also enjoy unique private parking.Recently renovated, the facilities meet all CTO and European standards. Fully licensed to sell alcohol, tobacco and provide music, it is also licensed to sell snacks, although this is not currently used. Copies of all relevant documents will be available on request from seriously interested parties.
Current monthly rent €800. At a small additional price, living accommodation is available nearby. The accounts, which have been seen, easily bear out the asking price of €220,000. This must surely be one of the best buys of the year.
Huge popular Café on Makarios
A very large and popular Café has become available which is situated right on Makarios Avenue. With a long well designed bar and fine kitchen boasting all necessary fittings to high standard, Health & Safety approved, the Café could equally be made into a restaurant of quality, currently Class B licensed. Areas are approximately 200 square metres ground floor which houses the bar, comfortable seating, lounge style, and traditional café tables and chairs. Games machines and Pool Tables are found to the rear. Upstairs, which is again 200 square metres, there is a huge apartment as well as the toilet facilities relating to the Café. This apartment could be 3 or four bedrooms, depending on the needs of the new owners, offering many possibilities for use. Outside to the front and side is another 200 square metres of usable space, which currently carries tables and chairs.
Current rent is €1700 per month with a 10% two yearly increase. All licenses (Restaurant, CTO, Drinks and Music) are in place, which, coupled with the sheer size and fantastic location of this business, make this a very attractive proposition for the right buyer with vision.
Complementing the architecture and heritage of the picturesque square in Tala, is to be found the Bubble & Squeak Bar.
Rustic Style Bar Restaurant
Presented in lovely rustic charm, this homely establishment embraces you on entering, with its old world tiled floor, corner open fireplace and simple charm. It occupies an area of around 100 square metres, with a corner bar as effective as it is efficient. There is seating here for around 40. To the rear are to be found the toilet facilities, partially refitted recently. Beyond it opens out into an internal courtyard which can seat another 30; perfect for those who wish to smoke or just relax and take in the atmosphere. Across this courtyard are the kitchen facilities, again simple and fitted up to standards with all cooling / refrigeration and cooking facilities which can support a full restaurant menu, for which there is a licence. Another exit from the courtyard takes us past the staff facilities and disabled washroom. This is where it starts to dawn that this place is really quite large, because here, so far unexplored is yet another large room, currently being converted into a Sports Bar Room, which should be ready on time for the World Cup games. Wide screen TV etc installations and a opened up connection to the main bar makes this room a very practical entertainment venue altogether. And this is not all. Again from the courtyard a set of steps takes us up onto the roof terrace. Wonderful views over the square and beyond Tala. Imagine dining out under the stars here with potential for seating for 60, complete with its own stone built Cyprus Bar-B-Que. Finally there is yet another room to the side, which is approved for opening up as a Take Away Fast Food facility. There is not another for quite a distance, so this should become a lucrative addition to this otherwise flourishing Bar Restaurant. Rent is currently €1100 pcm with minimal rates. Full licenses are in place for Restaurant, Drinks and Music.
Contrary to advice, valuing the business higher, asking price is a modest €175,000. Please enquire here first as direct approaches would prove embarrassing in front of staff and customers.
Beautiful Bistro In Tala – NOW REDUCED
Beautiful Bistro In Tala
There was a strange clang when I first entered this wonderful Restaurant – it was the noise of my bottom jaw hitting the floor! Beautiful, lovely, fantastic; the list of enthusiastic adjectives simply run out. There is nothing in any language to describe how good this opportunity is. I know of only one other Restaurant with a similarly stunning panoramic view on the Island, but it comes with a much, much higher price. From the rural, atmospheric square in Tala, one gains access to The Square Bistro. From the outside, it has oodles of charm, rustic splendour bedecked with natural stone exterior. One gets drawn into what can only be described as a tardis of a restaurant. And a quality one at that. Covers – 54 inside, 20 out front and now, recently 40 on the new outdoor balcony for those wonderful atmospheric Al Fresco dining evenings how busy do you want to be?
Quality food at a good price in quality surroundings that would grace the restaurant of any 5 star Hotel, in my view. Beautiful table presentation is complemented wonderfully by the addition of comfortable leather upholstered, high backed dining chairs. Again, quality. Everywhere you look. Quality. Last season the influx of diners could not be accommodated; hence the decision to build a 40 cover balcony outside, which has changed the entire presence and outlook of the Restaurant.The kitchen area and prep rooms are spotless; a testament to the attitude and high standards of the present family owners. Staff (who are all willing to remain) are friendly and attentive. The new outside balcony provides another dimension to what was already a superlative eatery, adding, as it does, a further 40 covers in splendid Al Fresco surroundings with views all along the Paphos coastline out as far as Agios Georgios. The Panorama offered by this business is priceless, and by itself is worth at least one visit by passing holiday makers, who serve to put jam on the otherwise regular bread from fraternisation by the local community (Mukhtar and family included).On top of all this, in the literal sense is a splendid 3 double bedroomed apartment of very generous proportions, with ample living accommodation including balconies with the same views described earlier. Fully furnished in good quality fittings and equipment throughout, it certainly offers a splendid home from home with lots of space to ‘chill’ after or during a busy day downstairs in the restaurant. This 21st century living accommodation lacks nothing and even boasts a top quality Hot Tub on one of the private balconies.
There is lots of practical stuff here too, like a useful cellar for storage / laundry and staff facilities. A toilet visit is more like a stroll into a perfumery. Lots of simple touches and attention to detail add up to a WOW Factor without a WOW price. With a hand over period on offer by the present owners to ensure a seamless continuance of business, this has to be a fantastic opportunity for the discerning purchaser to open a turnkey restaurant/bar/bistro with views to die for, on offer now at €299k (from 350). Regular outlay includes current rent for the entire entity at €2202 pcm. The 10 year lease has over two years to run, when any proposed rent increase is capped at 10%.
All necessary licenses are in place. Please contact us in the first instance as direct approaches to the Owners will not be tolerated.
Small is Definitely Beautiful
lovely intimate bar restaurant
This expression is borne out by the beholder when first entering this lovely intimate bar restaurant in the Aquarium area of Paphos. Occupying a ground floor of only around 100 square metres, including the bar area, TCs just off Beer Street, Paphos certainly punches above its weight. In a good location, part of the Paphos nightlife, on a favourite walk through to the Aquarium and Harbour, the Bar boasts a full restaurant license. With a good reputation for fun, among the clientele are guests from local hotels, coaxed away from their 5 Star enclaves, to sample the revelry. Lovely lovely lovely! Such good times brings repeat trade from local residents and returning holiday-makers alike. The CTO approved stainless steel regulation kitchen is the powerhouse behind the creation of culinary delights, to the side of the building. A full sound system is part of the Fixtures and Fittings. Contrary to our advice on valuation, the proprietors are asking much less for this little gem. At the price (on application), payback period for the new guv’nors will be less than two years.
Open during the main season, takings figures will surprise even experienced Landlords/Landladies. This information is available on request only from seriously interested parties, who should contact us in the first instance.
Please do not embarrass the present owners by approaching them direct. This is what we are for and will be very happy to meet you at your convenience to discuss further and show off the premise
Rare Opportunity with Freehold available at €330,000 Traditional Family orientated Cypriot Restaurant.
This restaurant just has to be one of the best restauarants in Coral Bay. It has everything! Location, ambience, licences and character. On a prominent corner plot it simply cannot be missed on the approach into the newer part of Coral Bay, an area which is developing fast to include all year round residents as well as being a very busy holiday destination for thousands every year. It is comfortable, and very atmospheric with indoor and outdoor barbeque units for that special Souvla sensation. Elevated above street level this family restaurant is arranged in a semi – horseshoe shape around the central well stocked bar and impressive Cava where discerning customers may choose that singular wine for that special occasion. Up to 130 covers inside/outside are arranged with space in mind. All relevant licenses are in place. The efficient kitchen is all fully equipped and certified to standard. There is plenty of car parking around the immediate vicinity and the famous beach is but a short stroll away as are a number of popular hotels. A large 4 bedroom apartment on the first floor provides an added bonus to an already impressive profile. Add to that all year round trade and the €180,000 asking price will prove to be an excellent investment. This includes estimated €90,000 furniture fittings and equipment, and €10,000 stock.
Interested buyers may be further tempted by the fact that the owner is also prepared to dispose of the Freehold which is available at €330,000.
The George Supermarket Kato Paphos
Supermarkets are IN at the moment – high in demand, and you would be well advised not to sit too long on this one if it is of interest to you. I expect it will be taken up pretty quickly.
The George Supermarket Kato Paphos
The present family have been running this profitable business for the last 15 years. It is in a great location on a main route North/South from the end of the highway into the tourist area Paphos East. For anyone who is familiar with the area, there has been a great deal of investment here recently, which continues with the new Neapolis University just down the road a little. Soon a huge new development by Leptos will start 200 metres away, which will see the addition of a new Teaching Hospital, Conference facilities and all the accommodation that it will bring with it. So future prospects look very good indeed.
The ground floor sales area takes up a frontage of 5 shop units; quite noticeable and imposing on the street! Interior floor space is estimated at around 500 square metres, with out front covered area estimated at around 400 square metres, connected by a ramp to assist the physically challenged. There is mezzanine storage upstairs, accessible from the rear storage room, which itself lets out to the rear where deliveries are made, conveniently. With the new road system outside, as a car driver, it is possible to pull in for that quick newspaper and cigarettes purchase.
There is plenty of space available, and the owners have made good use of the space without making the aisles and walkways too close together, which is often the case here in Cyprus. Everything is beautifully displayed, orderly, well stocked on mostly new display units. Two new large fridges on the back wall give a real up to date look and feel to what is already a bright and pleasant shopping area. The cashiers point is brand new, sporting a new state of the art Point of Sale system, and the centre for the sophisticated security camera operation.
Rent is at a very reasonable €1,200 pcm, which makes this an even better prospect. With a €160,000 price, which is to include stock, fixtures and fittings, this represents a really good deal when you consider that last years turnover (everyone recognises last year was something of a disaster economically speaking) ran to €300,000. Accounts will be made available to seriously interested parties, who should contact us in the first instance for more detail and an introductory viewing.
Call us on 00357 99158964.
Are you looking for a tidy, niche market shop in a prime location in Larnaca? Well here it is.
A Niche Fashion and Sports Shop
Skateboarding is not just a sport, hobby or a pastime; it is also an entire fashion house! Labels such as Circa,Globe, Fallen footwear , Billabong clothing, skateboarding decks and accessories are stocked on the shelves and hangers in an inviting way. Other American and Australian manufacturers are represented too.
This small shop with a ground floor area of around 45 square metres, with a stock room above of around 25 square metres, packs quite a bunch in terms of turnover. Much of it to a large data base of regular customers, who are kept up to date via SMS messaging as to new lines, specials, and the like, thereby, helping to boost trade. Rent, which is fixed until 2011 is only €500 monthly, with minimal other outgoings for services. The asking price at €95,000, with takings running at €70,000 is a good deal and will go very quickly indeed. So dont waste any time.
Contact us straight away for a private discussion.
I am somewhat respectful of restauranteurs who dare to be different in their approach to the delivery of their chosen fayre. I love Chinese food, like many of us, and I thought I knew what Chinese food should taste of.
WRONG!
The present owners of this fantastic Chinese Restaurant, offered up for sale in the Larnaca / Kiti area actually dare to produce their authentic dishes with NO MSG (monosodium glutamate) added. Indeed, many ingredients come from their own garden and when I visited, todays harvest of bean sprouts was being carefully prepared for this evenings discerning customers. My respect is magnified by the fact that when they took this establishment over, it was somewhat run down, and now under their own hand they have transformed it into a Mecca for Chinese food lovers (if thats not a mixed metaphor).
The premises is bedecked with Chinese regalia and careful, tasteful decoration, with traditional wall paintings throughout, even in the bathrooms, which also include small attention to detail like individual hand towels wrapped and presented on bamboo trays. Outside there is a Chinese style bridge, as if traversing a water garden, joining two outside eating areas, where the chirping of small finches may be heard; again adding to the authenticity of the occasion. The ambience is further enhanced by the playing of gentle Chinese melodies for a background mood. As a customer, one can choose between Chopsticks or Western utensils, carefully selected for the theme, with bamboo style shafts. The restaurant is open all year round, offering home delivery in the area, and of course a take away option. With plenty of space to move about, there are 30 covers inside and about the same outside, in two separate areas. As an added comfort there is the option for Air-conditioning when it gets unbearably hot, and for the winter a comforting open log fire. A well stocked and presented bar, essential to move any occasion along, offers local and Chinese beers, local and international wines and their own house wine at very reasonable prices. There is a lot of storage space around, including a large dry food room, and an enormous fresh produce store / log storage / with many fridges and freezers. The present lease with 2 years to run is at €600 monthly with the usual other services and utilities. To the upper level, with outside access, is an area reserved for staff quarters, which includes two sleeping rooms, a fully equipped bathroom and a kitchen, with additional storage if needed.
Based on current turnover / profitability and a valuation of fixed assets, which includes a European HACCAP approved, regulation s/steel kitchen and equipment €140,000 represents better than value for money. A turnkey operation if ever there was one with all relevant licensing in place. And no need to take my word for it – look at these quotes from the Cyprus press: Maroni News: Extensive Menu, Well run quality Chinese restaurant Larnaca News: Good healthy food, impeccable service in a spotlessly clean and friendly atmosphere. Seven Magazine (Sunday Mail) : (they) obviously take pride in the way the restaurant is presented own herbs in cooking. A savvy Chinese Restaurant.
Contact us quickly to ensure priority, as this jewel will surely not be available for long.
High Quality Very Profitable IT Security Business in Nicosia Central
We have taken instruction to help in the sale of a top flight IT and Security technology business based in central Nicosia, which we are proud to do.Both businesses are offered together as a package – because they complement each other so well. The present owner has found that many of his customers for one side of the business have bought also from the other, because they like to deal with one reliable, trustworthy person for all these requirements.For example the IT business, which offers computer repairs and maintenance with 24 hour turnaround, on which their reputation has been built, also install and maintain mainframe and complex networked systems. They work with many top name companies in and around the Nicosia area and beyond, including the Hilton Hotel. Most work comes by referral and reputation after five years trading, with a stop outside facility to drop off/pick up. They have the ‘Authorised Reseller’ accolade from Dell Computers, Hewlett Packard, and Toshiba Electronics, which tells us they must be getting their business right. They also represent and support products from IBM, Canon, Intel, Kingston, Brother, Epson, D-Link, Microsoft, Cisco Systems and Samsung. All top name brands.The Security business (Hi-tech cameras and access control mechanisms) employs much the same policy of providing quality care with good prices, complementing the longer established IT business. This also works in the reverse, where Security business clients could become IT customers. In security they have become particularly successful among the largest building companies, providing security answers to site problems, and office requirements alike. Security is one of the major business growth areas in Europe right now, and even bucking the depressed nature of most other business sectors. It is definitely a ‘now’ business. This business is the Official Representative in Cyprus for the Korean Security Systems manufacturer, Sambo Hitech Co. Ltd. (see www.sbcctv.kr ).
The combined business operates from a double shop front situated on a major arterial route in Nicosia city with a great deal of passing traffic. The imposing frontage to the shop cannot be missed, and itself brings in passing trade. There is space to pull in, off the road, to do business and deliver/take away equipment. The impressive shop interior, which has recently been refurbished to the present owner’s quality specification, occupies an area of around 80 square metres, all ground floor, with toilet and small kitchen facilities. There is an impressive display of product to view on the rear walls, clearly visible from outside. Amazingly, the rent, which was renegotiated last year for a five year term, is only €640 monthly. Other outgoings are minimal.Both businesses are offered for the price of €350,000 but it may be possible to buy the IT Company separately for €220,000, which represents good value. However for the additional €130,000, the sum of the two parts is worth a great deal more than the combined asking price, when the customer base and potential cross sales are taken into consideration, added to the massive potential offered for the future of this part of the business.
The price includes 2 vehicles and all stock, guaranteed free of debt or encumbrances. For the slightly nervous buyer, a handover period is possible, when all suppliers, contacts, customers etc., may be introduced and the ’ropes’ shown and understood enabling a seamless change of ownership. Accounts (not yet seen) are available to seriously interested parties only.
Please contact ourselves in the first instance, as no direct approaches in the shop may be entertained under any circumstances.
Internet Access Business
The present owner of this business reluctantly is offering it for sale due to other demanding business and family commitments.In essence the business owns 94 Internet Kiosks, 60 of which are installed in Hotels, Bars, Cafes etc enabling public access to the Internet by way of coin operated timed controllers. A further 20 have been contracted out to HM Forces throughout the island. Users may thereby access their email boxes, search the web or chat online to family or friends.The equipment is run with the aid of very secure and stable software , controlling ELO touch screens and normal keyboard inputs. They are vandal proof and waterproof against spillage of any sort on the keyboard. IBM pcs with Intel chips are fitted as standard.The business, which is already highly cash generative, is a sure fire success for the owner investor who is looking to make profits from the first day, as it comes complete with a store room and workshop in Paralimni at €250 per month rent, a van and all spare parts.
An additional benefit comes with the business having the reputation for being one of the few suppliers of coin operated timers on the Island.Currently around 80 kiosks are in locations in and around the Protaras, Ayia Napa and Larnaca areas; the rest available to fill other locations, which could be extended to Island wide.Each location can generate €800 per month, if carefully chosen, making the potential payback period very short indeed on a €240,000 asking price. The present owner is willing to give up to two weeks of his own time freely to ensure a seamless handover. His brother, who also works the business is willing to remain as a regular emplyee.
Interested buyers should contact ourselves in the first instance as no direct contact will be entertained by the owner.
Recession Proof business with great standing is offered at only €75,000.
This equates to less than one year payback period and offers a great opportunity for an individual or pair who want to start to work, earning cash immediately; a truly turnkey operation.If you are from an engineering background, who can turn a hand to most things, this business could be for you.This company has built an enviable reputation providing maintenance, repair and installation services to both private customers as well as a long list of holiday villa management companies, rental agencies and estate agencies.
The type of work undertaken includes air conditioning, and central heating (oil & gas) installations, and electrical, plumbing and domestic appliance repairs.The company is fully registered with all the appropriate authorities and is run as a limited company from a small rented office, 3 large vans/vehicles and 4 staff. Currently covering only one area of the Island there is further scope to expand island wide due to enquiries already made by the ex pat community.All tools, computer system and vehicles, which are subject to remaining short life finance agreements are included in the sale. If ever the expression ‘Turn up and Take Off’ were appropriate, this has to be it. The majority of call outs / orders are taken via the bespoke website and by telephone. Payment is made generally by credit card and bank transfers from UK based owners and local managers. There is therefore no debt to chase up. Despite the recession, turnover and profits just keep increasing. Genuine personal reasons are behind the sale.
Please contact us in the first instance to discuss.
Wonderfully Equipped Fitness Studio Gymnasium
This is a very popular and well located Gymnasium in Limassol.
An unexpected opportunity has arisen to acquire this successful business as a turnkey Gymnasium/ Fitness Centre operation. The sale includes fully equipped 300 square metre fitness room, shower facilities, sauna, Beauty treatment room, and offices complete, all electronic equipment including wide screen TVs and sound system The business is fully licensed by the Cyprus Athletic Organisation. A fully stocked refreshment bar is also included with the entire customer base, developed since inception.
Conveniently located just off the highway in the Polemidia area, there is ample parking for 200 cars nearby. From the 2nd floor location, lovely rooftop views of Limassol may be admired from many of the fitness machines.With the benefit of 150+ members the business shows a healthy net profit, which coupled with the €100,000 asset value provides a realistic asking price (On application).Current cost of membership is pitched below the normal going rate which provides an immediate source of potential added income for the new owners. Coupled with the ever increasing population in Cyprus, this business must be seen as quite an opportunity for those knowledgeable of the industry.The existing 2 year renewable lease is attractively priced at €640 per month. The present owners will continue to be on hand after sale to provide full training in all operational areas – sales, administration, technical and product knowledge. This sort of business opportunity comes around rarely, and represents extremely good value for money.
Ethnic Restaurant Limassol Tourist area. Well established ethnic restaurant with good year round local as well as seasonal tourist trade.
Fully licensed. Newly refurbished and redecorated. Very comfortable atmosphere with authentic menu. 30 covers.
€80,000 asking price.
Large imposing well known jewellers in Limassol tourist area.
Very well established. Recent security systems have been installed and the shop entirely revamped. The sale forms part of the present owners’ mid term retirement plans. They are very willing to enter into a long hand over arrangement, which new owners will probably agree is important to maintain a continuity of service to a large international discerning clientele, who return time after time.
Asking price here is €750,000 plus stock at valuation. Rent is currently €800 pm.
A wonderfully decorated and fitted Italian Restaurant is being offered for sale in the tourist end of Limassol town.
Quality is the key here which is reflected right the way through to the wine lists which boasts some of the finest wines in the world. Currently seating for 50 inside and 40 outside in plenty of space and comfort the passing rent is €3246 per month. Fully covered by all relevant licenses this superb establishment is offered for €342,000 plus Stock at Valuation. Seriously interested parties should contact this business email address in the first instance. Photographs and other information available.