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.
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.
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.