The hotel for sale is in total 900m² (excluding 80m² for any additional construction) in a land of 1.500m², constructed in 2005, with a big swimming pool of 72m² and a smaller one for children surrounded by pool loungers. Furthermore wireless internet is available.
At the moment it is operating from July to September, providing a mixed clientele of English, Italian Russian and domestic guests.
The accommodations are in total 19 and comprised of:
- 4 studios of 52-54m² ,fully furnished, 4 - beded , private air conditioning, fire place, autonomous heating , kitchenette, telephone, colour TV , balconies offering mountain/pool view and one (1) full bathroom.
- 1 studio of 35m², fully furnished, 3 - beded , private air conditioning, autonomous heating , kitchenette, telephone, colour TV , balconies offering mountain/pool view and one (1) full bathroom.
- 14 studios of 22-25m², fully furnished, 2 - beded , private air conditioning, autonomous heating , kitchenette, telephone, colour TV, balconies offering mountain/pool view and one (1) full bathroom.
The business only for this season is currently generating income of approx. 100.000 -110.000 Euro.
The hotel staffing requires two (2) part time cleaning staff members and one (1) part time kitchen staff member.
The expenses, taking in account personnel payrolls, electricity, clothing cleaning, supplies and catering, are approximately 25.000 Euros.
All included and after expenses, the hotel generates a net season income of approx. 85.000 Euros.
"Why is it a good investment "
1st Evaluation - Current Values
The minimum construction costs including the main building, the value of a plot in that position and in this area, building plan, the basement area, the landscaping, the swimming pools and other communal external areas, the furnishing and equipment of the rooms are approx. 2.000.000 Euro. Additional the brand name of the business and the standard clientele is increasing this value as well.
2nd Evaluation - Simple Amortisation
Currently the hotel operates only for two months per year. Considering this area is an ideal place for sailing, scuba diving, horse riding, trekking and excursions, it is easy to understand the opportunities for extra profits. Thus, the income can be increased by operating also during Christmas and Eastern holidays plus the weekends and under this conditions, the estimated time for depreciation is reduced.
The village is the most popular holiday destination and is known for its crystal clear sea and the wonderful beaches. Nearby you will find shops, taverns and restaurants all within walking distance.
The northern region of Evia is considered to be the most beautiful part of the island, where the rich and luscious greenery blends together perfectly with the blue of the sea. At a short distance you will find beautiful and picturesque villages, interesting sights and old orthodox monasteries. Furthermore here one can see the most important archaeological sights of the area.