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Studios And Apartments Hotel In Koufonisia For Sale

Koufonisia, Cyclades
Freehold Price:
€1,150,000
Lease Asking Price:
€55,000
Sales Revenue:
€100K - €250K
Cash Flow:
€50K - €100K

Profitable business in Koufonisia, very close to the beach and city center is offered for rent or sale. All facilities are well maintained - no need for additional investment. Website sales and loyal customers for years.
New building from 2005, very well maintained.
The business can generate up to 130,000 euros per season.
Lease price 55,000 euros / per year or Selling price 1,150,000 euros

Property information

Real Estate:

Available as lease or with real property included

Lease Terms:

Lease and operate it as you want

Leasehold Rent:

€55,000 per annum

Location:

Close to beach and city center

Premises Details:

The complex has 3 levels and 12 apartments and 1 apartment for the owner.

Business Operation

Expansion Potential:

The business can generate significant cash and profit from services. The investor can operate it only for renting rooms (as it operates now) and now every year at 60% capacity has revenues of 80,000 euros and 70,000 euros profit. If it can be operated with full services (b&b, etc) and generate additional profits.

Competition / Market:

All other Hotels and Studios in Koufonisia

Reasons for selling:

Want to retire

Employees:
0
Years established:
13 years

Other Information

Website:
Login or register to view link
Lease asking price:
€55,000

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