business

CY0270L

AIRPORT PARKING BUSINESS FOR SALE - PAPHOS

 
Business Type: Airport Parking
Location: Greater Paphos, Pafos, CYPRUS  
Type of Tenure: Leasehold
Business Reference: CY0270L
Asking Price: € 600.000
Monthly Rent 458
Reason for Sale Family Relocation
Accounts Available 2021 Unaudited
Years Established 6
Incorporated Business Limited Company
Full-time Employees 3
Part-time/Seasonal Employees 1
Plot Area 2000 sq.m.
 

Description

This well-established family-owned business is located just 3 minutes’ drive from Paphos International Airport.

The business combines full-service airport parking and car hire.

Facilities & Vehicles:

  • Land plot with area of about 2.000 square metres, which is leased long-term for €5.500 annually.
  • Fully equipped Office/ service building
  • Covered Parking for 22 cars
  • Open Parking for over 150 cars
  • The whole facility is fenced and protected with alarm system and cameras
  • One covered double garage equipped for car washing
  • Two Minibuses to shuttle clients to and from the airport

Both airport parking and car hire business have regular clients, mostly British expatriates who have holiday homes or second homes in Paphos and travel regularly. Other clients are personnel of the military airbase next to Paphos International Airport and Cypriots going on vacation, or travelling for business. The business also gets new clients from its own website and from www.parkcloud.com.

The Airport Parking business maintains very high standards of security for client cars and provides reliable service, therefore it can maintain higher prices than most low-cost competitors.

The business is year-round with little seasonality. Airlines which provide most of the clients are Ryan Air, EasyJet and several charter airlines. Working-hours are based on airline schedules and with the exception of July and August, there are no flights after midnight.

The business can be managed with three full-time staff working shifts and part-time or peak-hour assistants for car washing and Airport car delivery or pick-up.

Owners are willing to provide handover support for 3 months.

Asking Price is based on X3 years cash flow.

 

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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