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Reference: CY0313L

GYRO/KEBAB TAKE-AWAY IN NICOSIA
 
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Business Type: Take Away& Delivery
Location: Greater Nicosia, Nicosia, CYPRUS 
Type of Tenure: Leasehold
Business Reference: CY0313L
Asking Price: € 90.000
Annual Turnover 130.000
Gross Profit Margin 75%
Monthly Rent 1.000
EBITDA Margin 41%
Stocks (at cost) INCLUDED
Reason for Sale OTHER BUSINESS
Accounts Available 2016
Years Established 6
Incorporated Business Limited Company
Relocatable Business YES
Car Parking 5
Vendor Financing N/A
Full-time Employees 2
Part-time/Seasonal Employees 1 to 2
Internal Area 60 sq. metres
Internal Seating 12
Terrace Area 30 sq. metres
Terrace Seating 20
Mezzanine Area 20 sq. metres
Mezzanine Seating n/a
Plot Area n/a
Basement Area n/a
 

Description

Well established and profitable Take-Away & Delivery business specializing in Gyro (Doner kebab) and other popular grilled meat snacks. Owners are a husband & wife team, but both have other jobs hence they need to sell this business urgently. The Asking Price is very attractive, with an estimated payback of less than 2 years.

The business is located on a central and prime location in Strovolos, Nicosia. The immediate area is a hotspot for F&B Business, Shopping, Concenience Stores, Banks & Offices. It has heavy foot traffic all day, till late in the evening. The shop is on the main avenue and easily accessible, either by car or on foot, from nearby parking areas, shops and offices. The shop also has access from a back-street for deliveries.

Parking is available for customers in front of the shop, there is also plenty of parking is availabe in the surrounding area.

Most of the business consists of take-away and delivery, except in the evenings when some clients choose to eat-in, either in the shop, or outside on the front.   Peak hours are lunch-time (11:00am – 3:00pm) and dinner (6:00pm to midnight).   Only 2 full-time staff are needed, although if an owner-manager works from 11:00am to midnight, only 1 is needed. Plus 1 or 2 part-time staff after 6:00pm, mainly for deliveries (paid €3.50/hour).

The business is fully equipped to professional standards, it also has a large back-room for food preparation, dish-washing, refrigeration & storage. The mezzanine has a small office and storage space. It has an online camera monitoring system which covers all areas, including mezzanine and back-room) and an alarm system.  

The terrace on the side has tables for 20-24 persons and is covered with retractable canopies. It also has external heating and cooling.

Overall, it is professionally designed and fitted out, so as to operate efficiently and within the relevant laws and regulations.

All licenses are held (Town Planning permit, Business license for Snack-Bar, Health Dept certificates etc.).

Owners will provide hand-over support for up to 6 months, at no extra cost.

 

Photos

  • The present business is offered for sale by DealMasters.  Any information downloaded or printed is intended strictly for private use by you as a Registered User of our web-site; it may not be copied, published or distributed in any manner. 
  • You are advised that this is a confidential sale, therefore no direct approach to the business owners or business premises should be made and all viewings should be arranged through DealMasters. 
  • Prior to disclosure of the identity of the business and/or its owners, business financials and other operational details, interested parties will sign the standard Confidentiality Agreement, which can be downloaded here or sent to you by fax upon request.
  • We do not perform any due diligence on businesses for sale, business owners, or the information provided by them.  Such information is passed on by us without any guarantee or responsibility. Interested Buyers are strongly urged to perform thorough due diligence prior to acquiring a business
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