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An excellent reputation and well established restaurant for sale


Price: Euros 95,000.00


Ref ID:  11464
Last Modified:  6/29/2009 2:45:32 AM

Type:  For Sale
District :  Parekklisia
Category:  Business
Contact Number (A):  +357 99 53 61 64
Contact Number (B):  +357 25 33 14 17
Fax Number:  +357 25 33 14 17
Enquire:  Send Enquiry
  

Description


The SANTANA is a charming Restaurant & Bar with a nineteen-year long established clientele.
The restaurant seats up to 90 people and is located in the exclusive Five-Star Hotel Area of Limassol, on the slip road going up towards the motorway.
Santana is within walking distance from the Elias Beach and Grand Resort Hotels, the St Raphael – (former Sheraton) – Resort and Marina, as well as from Le Meridien Spa & Resort, and the Atlantica Bay Hotel and has easy parking if you are coming from further afield.

All these surroundings, plus the latest luxurious Condos and seaside Villas recently built around the area, provide us with a very discerning clientele throughout the year.

The restaurant has an approximately 185 sq. metre total indoor area and offers seating for approximately 90 covers: 45 people inside, with additional covered and uncovered terraces for ‘al fresco’ dining outside, seating a further 50 or so people.

One of the owners is an artist, which has enabled her to give the place a unique character, with the cozy terrace surrounded by year-round blossoming bougainvillea trees, the ambience is further enhanced by indoor wood parquet floors and wood furniture.

The restaurant also benefits from having a fully equipped catering kitchen.

The present owners opened this Restaurant in 1991 and have the relevant Register of the Company and all financial statements are available upon request.

The asking price includes all appliances, furniture, fittings, stock of food and beverages and the company itself. This is a truly unique opportunity to purchase a business with a very good reputation for a fraction of its original price. (We're considered the 5th best restaurant in Limassol according to Trip Advisor's reviews).

The original paintings throughout the restaurant are not included in the price however.
The Restaurant premises are leased by the Santana Restaurant Ltd. at a monthly rent of 1,000 Euros, which is the lowest to be found in this up-market area at present. The leasing will continue on behalf of the company under the same terms and conditions. The only change will be on the Company shareholder’s names.

The business has the C.T.O. and all relevant approved licenses and fully complies with present regulations.

The key elements of its success are:
• The quality of our cuisine
• The personalized and professional service
• The extensive selection of the menu
• Its location
• Its reputation built over the past 15 years long and well established among Travel Agents and Reps, Hotel Staff, Airlines Crews, repeat Tourists and locals.

Perspectives:
• A great potential to attract the ever increasing number of European ex-pats retiring in the surrounding villages of Pyrgos, Pareklissia, Agios Tychonas, Moni and Pentakhomo.
• With the entrance of Cyprus to the European Union and with the ever increasing price in the UK house market, the number of British Citizens becoming residents of the island of Cyprus has steadily increased and that will continue to be the trend in the forthcoming future.


• ASKING PRICE :95,000Euros o.n.o.

For more details please contact :

SANTANA RESTAURANT LTD.

Mrs Claudia Doumet-Nearchou
Mr Modestos Nearchou

Email: santana@spidernet.com.cy

claudiadoumet@yahoo.com

P.O.Box 56971
3311 Limassol – CYPRUS

Tel +357-2533 1417

+357-2563 6415

+357 99536164


For a detailed map and copies of recent newspaper reviews, please contact the owners via the email address above.




                                               
Some of the restaurant
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