business

CY0325L

CAFE - NICOSIA

 
Business Type: Cafeteria
Location: , Nicosia, CYPRUS  
Type of Tenure: Leasehold
Business Reference: CY0325L
Asking Price: € 170.000
Annual Turnover 160000
Gross Profit Margin 70%
Monthly Rent 700
Stocks (at cost) 2000 - 5000
Reason for Sale Other Businesses
Accounts Available YES
Years Established 5
Incorporated Business REG TRADE NAME
Car Parking 5 plus Free on Street
Full-time Employees 4
Part-time/Seasonal Employees 1
Internal Area 80 sq. metres
Internal Seating 20 (tables) & 20 (bar)
Terrace Area 40
Terrace Seating 36 (tables)
Mezzanine Area 45 sq. metres
Mezzanine Seating Office & Storage
 

Description

This quality establishment is located on a busy avenue and serves both the surrounding suburban area of Nicosia, as well as passers-by. It is located in a stretch of the avenue which is the commercial, retail, office and coffee-shop area of the suburb, the local “main street”.

The cafeteria is designed and equipped according to the standards of the best coffee franchises but is proprietary and is trading under a registered trade name & logo, which will be transferred to the new owner.

With 5 years trading history, the cafeteria has a steady clientele (both sit-in and take-away/delivery) and enjoys an excellent reputation for service, ambiance and good coffee, which is imported directly.

The shop has a long frontage on the main road and a large front terrace, which has retractable aluminum canopies, retractable side-walls, external heating/cooling and a deck. The interior and exterior are insulated by air-curtains, so in there is no need to close the interior during hot summer months or during winter. There is also a sound system throughout and CCTV cameras everywhere. In general, the furniture & equipment are of the best quality. A Delivery Bike is also included in the sale as coffee delivery to offices and shops is very popular in Cyprus. No expense has been spared to set up and furnish this cafeteria, total investment in the business was in excess of €98.000.

Total capacity is 56-60 persons seated at tables, plus 20 persons at the coffee-bar.

In addition, the business has all the necessary licenses & permits for trouble-free operation, including licenses/permits from City Hall, Cyprus Tourism Organization, Town Planning, Alcohol license and Music license. There have never been any issues with Health Department inspections.

The Cyprus Tourism Organization license allows the preparation and sale of snacks, such as sandwiches, hamburgers, pizza, platters, etc., so the income of this business is not only from coffee & beverages. In addition to the large coffee-bar, the business also has a small kitchen for snack preparation.

Upstairs, in the mezzanine, there is a large office with a rest area for owners/employees, plenty of storage and the guest toilets.

The cafeteria operates 7 days a week and full-time staff works in two 8-hour shifts. The business is currently managed part-time by the owner, as there are always two full-time staff members in the shop and there is no need for owner/manager to be continuouly present.

This new owner of this business does not need to be a cafeteria expert, the business is very well organized and current owners will provide all hand-over support needed.

 

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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