Turnkey Hospitality Business for Sale – Limassol Old Town
Asking Price: €300,000
Property Rent: €2,500/month
Fully operational and equipped turnkey hospitality business in a central location in Limassol Old Town.
The premises underwent a complete renovation in 2021 and can be handed over fully equipped and furnished, allowing a new operator to continue operating with minimal additional investment.
Premises & Outdoor Areas
Approx. 100 m² indoor area
Large open-plan dining/seating area
Approx. 59 m² of outdoor areas
Front outdoor area: approx. 4 × 8 m (32 m²)
Additional outdoor area opposite the premises: approx. 3 × 9 m (27 m²)
4 recently renovated WCs
Additional accessible/staff WC
3 separate storage rooms
Large, fully equipped professional kitchen
Outdoor bar
Furniture & Capacity
35 tables
Approx. 200 chairs
Professional Kitchen Equipment
Double commercial cooking/grill plate
4-door commercial refrigerator
Double upright refrigerator
Additional upright refrigerator
2 freezers
Double deep fryer
Microwave
Commercial glass/dishwasher
Double sink
3 stainless-steel workbenches
Bar Equipment
Stainless-steel bar counter/workstation
4-door bar refrigerator
Ice bin with speed rail
KEO draft beer system
2 cash registers
2 receipt/order printers
Existing POS system/software
Business & Location Highlights
The business currently generates approximately €30,000 in average monthly turnover, equivalent to approximately €360,000 annualised turnover based on the current monthly average.
A major advantage of the property is its location on the street where important Limassol Carnival celebrations and events take place, including the Tsiknopempti/Carnival opening celebrations as well as the end-of-Carnival party.
Historically, the combined turnover generated during these two event days alone has been approximately equivalent to a full year's proposed rent.
The premises offer an established hospitality setup with substantial existing fit-out, professional equipment, indoor and outdoor capacity and are suitable for continued operation or conversion into a new restaurant, all-day café, brunch concept, bar or similar hospitality business.
Turnkey Business Asking Price: €300,000
Property Rent: €2,500/month
Further financial information, photographs, floor plans and a detailed equipment inventory can be provided to serious prospective buyers.
