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. |
