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Tourist Hotel, Including Bar And Restaurant, For Sale

Undisclosed Relocatable
Tourist Hotel, including Bar and Restaurant, for Sale - Situated in Greece, on the idyllic island of Agistri in the Saronic Gulf, is an excellent existing business opportunity priced for a quick sale. Freehold to buy Tourist Hotel, Including Bar And Restaurant, For Sale is located in Relocatable.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 14198
ADVERT IMPRESSIONS : 654,600 TIME(S)

 
BUSINESS SECTOR: Hotels / Pubs / Accom
TRADE TYPE: Holiday / Caravan / Camp Sites
SALE: Private Sale

FREEHOLD:

£1115000
 

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BUSINESS DETAILS:

The business has been designed to operate throughout the year however the present owner, for personal reasons, operates the business only during the high tourist season (approximately 5 - 6 months per year). The business generates an excellent income from the room rental, restaurant and bar facilities and the rental of sunloungers and umbrellas on the private beach. This business also has an excellent expansion opportunity as included in the asking price is an adjoining plot of land, presently used as a parking area, with existing planning permission for a two-storey building which would give an extra 10 - 12 rooms. The new owner will be entitled to a minimum 50% grant from the Greek Tourist Office (EOT) to expand the business in this way. The business has an existing full Greek tourist accommodation licence and a fully licenced bar and restaurant. Also another great benefit is that small Greek islands fall into the the low tax category bracket, i.e. business and personal taxation is much lower on small islands than on the Greek mainland or larger islands such as Rhodes, Corfu etc. This is another reason why this business gives very good net profit and an excellent return on investment.
   
  EXPIRED - AWAITING DELETION
   

REFERENCE:

14198 / RightBiz
   
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