CY0272L

CAFETERIA IN NICOSIA CENTRE FOR SALE

Business Type: Cafeteria
Location: Nicosia Centre, Nicosia, CYPRUS  
Type of Tenure: Leasehold
Business Reference: CY0272L
Asking Price: € 150.000
Annual Turnover 350.000
Gross Profit Margin 80%
Monthly Rent 1.500
Stocks (at cost) 7.000 approx
Reason for Sale Other businesses
Accounts Available 2018 (Audited) 2019 (pre-audit)
Years Established 6
Incorporated Business Yes: Limited Co
Car Parking 5 Private & Free on Street
Vendor Financing Negotiable
Full-time Employees 4
Part-time/Seasonal Employees 5
Internal Seating 20
Terrace Seating 30

Description

This well-established cafeteria operates based on a winning concept, with focus on simplicity, excellent coffee quality and low prices. It is also a low-cost, easy to operate business.

The business is located in a densely populated area, surrounded by educational institutions, offices and apartment buildings and operates all day, from morning until 9:00 pm 7 days a week. The work is organized in two shifts – morning and afternoon. It operates year-round (no seasonality).

The cafeteria offers sit-in, take-away and delivery, with delivery business accounting for almost 50% of the Turnover (the business owns 4 delivery motor-bikes). 

The decoration and design is casual. In addition to the seating and coffee-bar area, the ground floor has two storage rooms and toilets for the handicapped. In front of the shop there is a good size terrace, covered with a retractable aluminium canopy and with transparent side-curtains. It is equipped with wood decking and gas heating for the winter. There is also easy and free parking on the street for clients. Upstairs there is a storage room, an office room with a bed, staff and client toilets. There is air-conditioning and fans throughout, as well as sound system.

The equipment, interior design and in general the set-up cost, was in excess of €150.000.

This is a stable and highly profitable business, with low operating costs.

The new owner does not need to be experienced in the cafeteria business, training & support will be provided by the seller. 

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