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Established Catering Business In Nicosia Centre For Sale

Nicosia Centre, Nicosia District, Cyprus
Asking Price:
€160,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€240,000
Cash Flow:
Available on request

This business is offered for sale below set-up cost, for a fast sale because the owners are emigrating abroad. The set-up cost including equipment, furnishigs and interior finishes according to Health Department regulations ws in excess of EURO 240.000, Asking Price for a quick sale is only Euro 160.000.

Well established catering business selling international, cypriot and chinese food for take-away and delivery.

The business is located in Nicosia, very close to the city centre. It is surrounded by offices, schools, shops and residential areas, it also enjoys good business from passers-by as it is located on a busy commercial avenue. It has plenty of parking upfront for clients.

The kitchen is very well equipped for all types of cooked, grilled, fried and baked food, while there is also a charcoal grill for grilling meats.

A large variety of food is offered to cater for the mainstream local market, including traditional Cypriot dishes, international dishes and ethnic food. A new owner will have the equipment and experienced staff to prepare any type of food and make a "flying start" in the take-away & delivery business.

Premises & equipment:
The business operates from large rented premises on an advantageous corner location. On the Ground Floor there is a large client area with professional display cabinets for hot food,the checkout counter with computerized point-of-sale register, refrigerators for take-away drinks, beers, wines, cold side-dishes and dips.

The main kitchen is behind the display cabinets and it includes all professional equipment for grilling, deep-frying, cooking in pots, baking & roasting. Adjacent to the main kitchen there is a room with refrigerators & freezers, while there is also a mezzanine with plenty of room for dry/ambient temperature storage and a large office.

There is also an extra preparation room and dish-washing room both equipped with stainless steel professional equipment.

Overall, the business is set up to handle any type of food preparation in large quantities.

Growth Prospects:
Due to its size and production capacity the business can be expanded in several ways:
- More advertising and social media exposure for take-away and delivery
- Catering Contracts with large private businesses, schools, army, other government departments
- Delivery of food for large functions & parties, or servicing of function-halls which do not have their own kitchen
- Open satellite shops in industrial areas near Nicosia for breakfast and lunch
- Organize cooking lessons and demonstrations for clients
- Implement a proper loyalty scheme for clients

Property Information

Real Estate:

Lease

Lease Terms:

Indefinite duration rent contract - automatically renewable every 2 years

Leasehold Rent:

€24,000 per annum

Location:

Nicosia centre, on busy avenue.
Lots of Banks, Schools, Offices, Shops, Apartments in the area

Premises Details:

Large ground floor, separate room with freezers and refrigerators. Upstairs large ambient storage area and large office.

Size in square feet:
2100 sq.ft. (200 sq.m.)
Planning Consent:

Licensed as a food preparation/ take-away business

Business Operation

Reasons for selling:

Owner will emigrate

Trading hours:

10:00 AM to 7:00 PM weekdays
10:00 AM to 3:00 PM Saturdays
Sundays closed

Employees:
5
Years established:
6

Other Information

Support & training:

Unlimited support for 3 months, thereafter negotiable

Furniture / Fixtures value:
€180,000 - included in the asking price
Inventory / Stock value:
€5,000 - included in the asking price

Contact Information

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