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Successful Night Club In Cyprus For Sale (Pafos, Cyprus) Asking Price: €€ 2,900,000 ( Real Est

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Successful Night Club In Cyprus For Sale


Revenue €€ 500k to 1m, Cash Flow €€ 250k to 500k, Established 2003

Business for sale - A fully licensed, boutique, quality night club and bar business, operating both in winter and summer. Located at the heart of a busy down-town night-life and very close to the beach. It is a modern freehold building, in an approximate total covered area of 515 square meters of GLA for the indoor winter club area, and 400 square metres of outdoor open commercial area for the outdoor summer club, in a big plot of land of 986 square metres.

The business and the asset enjoy a number of advantages. Excellent music entertainment systems, CCTV, modern lighting systems, TVs and projectors, sound insulation, flexibility, excellent organization of events, strong marketing and reputation, presence in social media, very good customer base, it is considered to be a high quality entertainment venue.

The business can also accommodate a wide range of quality private social and corporate events and functions, in a modern setting and design both indoors and outdoors, with the use of its high technology equipment and facilities. More than 700 guests can be entertained indoors, and an approximate number of 800 guests can be easily hosted outdoors. The total number of yearly visitors is estimated at 80.000 – 90.000.

Both the property and the business are owned and managed by separate entities, owned by a respected person in the industry. The existing business and the property are for sale due to owner’s fatigue and other ongoing business commitments. It includes the transfer of the property title deeds, or, the sale of the company holding the asset, and also the business with its goodwill and the inventory, furniture and fittings, equipment, fixtures, etc.

The asset is very well maintained. The business is a very successful going concern with increasing revenues every year. Valuations for the property and the business are available.

The business has a very good potential if managed and utilized properly. With the increasing tourism in the area and a number of other important factors such as the existence of very few quality licensed clubs, top club reputation, it can unleash its full potential when the right professionals take over.

It is nicely decorated, has good reputation for «neat drinks», quality repeat customers, very good ventilation system, professionalism, trained experienced personnel, it is very organized and it has lasted in quality over the years. Finally and most importantly, it is a fully licensed club and bar, and holds every permit and license as required by law, carries out all checks and inspections needed and holds all necessary health and safety and other certificates.

Property Details

Size:

986 Sq. Mrs

Years Established:

2003

Property Type:

Real & Lease

Other Details

Business Location:

The night club, one of the most glamorous in Cyprus Island, is next to restaurants, 5 star hotels, bars and many tourist resorts.Opposite of the Club there is a public parking space of 500 cars, that is used for the clients of the Club during its working hours. The club is only a 4 min walk from the beach and has an easy access to the main avenues of the town.

Competition:

This Club is unique and is very difficult to create a similar

Operation Details

Employees:

25-30

Trading Hours:

Wednesday ,Friday & Saturday winter period and more days summer period. Working hours 11:00 until 5:00am

Support & Training:

We can support the buyer for as long as necessary.

Miscellaneous

Reason For Selling:

Other Businesses

Business Information

Number of Staff

25-30

Ownership

YES

Any Expansion potential

Reasons for selling

Other Businesses

Any Inventory / Stock value

€20,000 (included in the asking price)

Is this a home-based business

No

Property

986 Sq

Telephone

Business Location details

The night club, one of the most glamorous in Cyprus Island, is next to restaurants, 5 star hotels, bars and many tourist resorts.Opposite of the Club there is a public parking space of 500 cars, that is used for the clients of the Club during its working hours. The club is only a 4 min walk from the

Competition / Market

This Club is unique and is very difficult to create a similar

Trading hours

Wednesday ,Friday & Saturday winter period and more days summer period. Working hours 11:00 until 5:

Any Support & training

We can support the buyer for as long as necessary.

Any Furniture / Fixtures

€760,700 (included in the asking price)

Any Living Accommodation

Can this business be relocated?

No

Is this business part of a franchise?

No