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Hotel Business in Greece for sale
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Hotel Business in Greece for saleReference No : #02-117
Location : Greece :: Crete
Category : Hotels

3*** Star Family Hotel for sale in Greece, operating successfully since years, with in total 65 accommodations, 178 EOT licensed beds plus in addition 248 beds; located in a distance of 600m from the sea and 700m from the village square...
 
The hotel property for sale is total 3.670mē with two basements of approximately 700 - 800m2, constructed in 2001 and was refurbished in 2006 to satisfy its guests. The accommodations are comprised of:

  • 36 maisonettes of 45m2, offering sea view and consisting of living/dining area with kitchenette and one bedrooom at the ground floor and one more bedroom plus bathroom on the upper floor
  • 13 apartments of 50m2, with living/dining area and kitchenette, two (2) bedrooms, and one (1) full bathroom
  • 16 Studios of 30m2, fitted with living/sleeping area with kitchenette, and one (1) bathroom
All accommodations are including Air Condition, Cable TV, Refrigerator and Small cooker, Telephone, Wireless Internet Access, and Safe Deposit.

For the guests comfort the facilities offered are:
  • Swimming Pool (35mē)
  • Restaurant
  • Bar & Pool Bar
  • Mini-market
  • Kindergarten
  • Private Parking
  • In house services offered such as beauty and massage

The business is currently generating income of annual approx. 700.000 Euros; 250.000 Euros from the restaurant/bar, and 450.000 Euros form the rooms, via contracts with tour operators and others.

Annual costs for the employees of 15 persons (6 maids, 1 receptionist, 1 maintainer, 2 salespersons in the market, 1 barman, and 4 in the kitchen) are around 120.000 Euros.

An offer for investors getting operating experience of the Tourism business in Crete is in place - the owners are willing to sell 50% of the business for 2.000.000 Euros!!
 

"Why is it a good investment"

  • 1st Evaluation - Current Values
    • The minimum construction costs are 1.000 Euros per square metre; multiplied by 3.670mē for the main building results in a construction value of 3.670.00 Euros
    • The value of a plot in that position and in this area, within the building plan, is currently at 350 Euros/mē, resulting in a land value of 1.400.000 Euros
    • The approx. costs for the basement area of 700-800mē, the landscaping, swimming pool, and other communal external area are 500.000 Euros
    • The furnishing and equipment of the rooms is approx 3.000 Euros/room; total 300.000 Euros
Adding all these together the current value of this hotel property for sale is 5.870.000 Euros, and additional the brand name of the business and the standard clientele is increasing this value as well.
  • 2nd Evaluation - Simple Amortisation
    • With a rough annual net income of 580.000 Euros the property is depreciated within 7 years.

Please note: Financial information and all other legal documentation only available during onsite visit

Price (Euros) 5000000
Build area (mē) 3670
Land area (mē) 4000
Storage yes
Outskirt Village yes
Garden yes
Swimming pool yes
Parking yes
Air Condition yes
Electricity yes
Water yes
Phone yes
Distance to airport, km 24
Distance to beach, km 0,6
Town Distance, km 10
Contact us - Main office
Contact us - Main office

Tel.:
Fax:

E-mail:
+30 28210 57111
+30 28210 58881
info@ktimatoemporiki.gr




Detailed Images

Hotel Business in Greece for sale
The Hotel area :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
The Hotel area :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
The Hotel area :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the maisonettes :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the maisonettes :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
The Hotel area :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the maisonettes :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the maisonettes :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the maisonettes :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the maisonettes :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impressio of the apartments :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impressio of the apartments :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impressio of the apartments :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impressio of the apartments :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impressio of the apartments :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the studios :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the studios :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the studios :: Hotel Business in Greece for sale
Hotel Business in Greece for sale
Impression of the studios :: Hotel Business in Greece for sale
   
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