A MEDITERRANEAN RESTAURANT BUSINESS FOR SALE IN FAMAGUSTA NORTHERN CYPRUS.

This business has been running under the present management for the past three years. Attracting clientele from the nearby University it trades mostly in the evenings. The location it is in is excellent being close to the main shopping street in the area as well as the Eastern Mediterranean University. The inside capacity of the restaurant is around 40 with a further 30 covers possible on the outside terrace. The current owner has worked hard to create a unique ambience and style for the café which is noticeable as soon as you walk inside, with a roomy seating area and a welcoming bar. There is a lounge area for reading and a quieter study area and an office. There is ladies and gents toilets and a large, fully equipped kitchen. The current landlords are happy to discuss extended lease terms at a reasonable rental level. Please ask for further details

• Established business
• Close to shops and University
• Satellite system & TV
• PA system
• Fully equipped kitchen
• 80 covers total
• Good potential
• Low rent

ABOUT THE BUSINESS PREMISES

The main restaurant area is around 160m² in total and will seat around 40 people. This area is informally divided into the bar area, a sofa arrangement around a coffee table and book case. A cold cabinet for serving and selling the fresh cream cakes the restaurant is famous for, a bar area with bar stalls, a study area and an office. Access to the two toilets are to the left of the bar.

External. A paved terrace to the front of the restaurant that will seat around 30 to 40 people. The scope for increasing the business here is very real. With many apartment blocks close by as well as the University and shopping area.

The landlord of the premises has said that he is willing to discuss a long term lease at reasonable rent levels.

EQUIPMENT AND FIXTURES AND FITTINGS INCLUDED IN THE PRICE

 

Equipment:        

Refurbished  furniture   June 08   

Food Processor    July 08    

Garden Shed    July 08    

Upright Freezer    Jan 09    

Deep Fat Fryer    Jan 09    

Elec. Signage front    2009    

Cash Register    Oct 09    

Chest Freezer    April 10   

Blender     Aug 10

Juicer      Aug 10

Fans      Aug 10    

Beko Tk Coffee maker   Aug 10    

Beko Lge Elec. Kettle   Feb 09    

Cooker Hood    Nov 10    

Cooker     Aug 10     

Fridge (bar area)    Sept 10    

TV flat screen + DVD    end 10      

Wood Stove     end 10     

Signage at back     end 10     

Cake Display Fridge   2011    

Spare Water Tank    2011      

Roofing Renewal Front   2011     

Wood work at entrance   2010     

Lounge setting and coffee table  2008

Bookcase (Ikea)    2008    

Furniture – drawer (Ikea)   2008    

Counter for till     2010    

Amplifier & speakers with accessories (mikes and stand)

 

Cafe:

8 x  square tables   total chairs 40 – all recovered see above

4 x  round tables

2 x plastic tables   plastic chairs 25

14 x matching bar stools  recovered see above.

 

Bar ensemble  large free standing bar and drinks display area with cupboard storage

Cushioned seating areas in main cafe and private side room (can be Arab style)

Curtaining – all windows except frontage curtained.

Mirrors – decorative (Ikea) x 9

Lamps – floor x 4 table top x 1 study x 2 – all Ikea

Various pictures/ price board / paintings

Toilet bins/ mirrors/ lamp shades in toilets

Cutlery, plates, bowls, cups/saucers/sugar bowls/milk jugs/mugs/ S & P shakers wood and ceramic

Glasses, various, bar style/ Coke glasses/Pepsi glasses/ Ikea glasses

Pots/pans/trays/plastic bowls/baking tins/large casserole dishes

2 x large black bins

Gas bottles

water bottles

Saucepan Stand

2 x Toasters

2 x Microwaves

Gas heaters x 4

Large fan (not inc. on 1st page)

Electrical heaters x 2

tools various/electrical items – leads/lights etc – oil lamps -

Desks x 2 – office chairs x 3

 

2 small and 1 longer coffee tables

Various décor items – pots/vases/bowls etc

Various table décor items (candle holders etc)

Nile Sat dish and receiver

Safe – key opening not combination

Fax machine in working order

Photocopier – old style

Mats, kitchen /door/

Gardening equipment

Wood for winter – enough for 1 winter.

Turnover and profit margin

This business has been run for the past three years more as a labour of love than as a profit making venture. The current owner has enjoyed her time here serving drinks and her speciality cakes to the community but now feels it is time to move on. The asking price really just reflects the asset value of what has been put in to the business rather than basing it upon turnover/profit etc. The new owners will have an established business to take over and, through their own efforts, an opportunity to build upon the existing good will to make a profitable establishment.

 

Please CONTACT US quoting reference HP0761  for more on this North Cyprusbusiness opportunity