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Business / Goodwill in Agia napa, Limassol


Agia Napa, Limassol

REF: G-108389
€120,000
ENQUIRE NOW
Available
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus
Property for Sale in Limassol, Agia Napa, Cyprus

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Internal Area (sq.m.)
135m2-200m2

Property Details

Property Details
  • For Sale
  • Property Type: Business / Goodwill
  • Property Label: Investment Property
  • Location: Limassol, Agia Napa, Cyprus
  • Internal Area: 135sqm-200sqm
  • Price: €120,000
  • VAT: N/A
  • Date Available From: 1st January 2021
  • Loan Installment: €512

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €114,000
Own Contribution (35%): €39,900
Loan Amount (65%): €74,100
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Renovation Year: 2016
  • Total No of Floors: 2
  • Reference: G-108389

Property Description

This is an excellent opportunity to acquire an ongoing business selling brand named shoes imported from Germany, Italy and England for over 35 years. The owner wishes to retire and wants to sell the business as a going concern as it is the only shop in Cyprus bringing certain brand names like Mephistos, Hotor, Rohde and Salamander in Cyprus. It has its regular customer base who shop from all over the Island especially the Paphos area.

The business consists of two shops one in the popular road of Ayios Andreou and the the other in the busy main shopping street of Anexartisias which are easily accessible from the highway and main beach road. The business has an already set up computerised system installed from 2002 which cost over 20,000 cy pounds for both shops which are connected automatically showing the stock, sales, vat and profit of each item sold and both shops automatically show when an item is sold.

The shop in Ayios Andreas is 70 Sqm and has a very large mezzanine floor appx 65 sqm which is empty and can be used to sell various other items like clothing, bags, cases etic and part can be made into an office. It has a large wooden staircase in the centre of the shop leading up to the Mezzanine floor. There is parquet flooring throughout the store, air conditioning unit and alarm system and double glazed windows aswell as spot led lighting. There is also a store room of 35 sqm to store boxes of shoes and a very large basement area of 130 sqm for additional storage.

The other shop in Anexartisias is 35 sqm with a mezzanine of 35 sqm and is in an excellent location and even has a separate store room of 40 sqm which has two floors which can be made into an office or another shop and for stock storage which is situated behind the main shop. Both shops were newly renovated in 2016 and have relatively low rents for their locations.

If you are looking to acquire an ongoing enterprise with its supplied stock of brand name shoes and huge sales profits please contact us for a viewing.
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Limassol Molos Office

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Additional Details

Years in Operation
40

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