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Beloved And Successful Traditional Taverna In Paxos Island For Sale

Paxos, Corfu, Greece
Real Property Price:
On request Inventory / Stock included
Lease Price:
On request Inventory / Stock included
Sales Revenue:
On request
Cash Flow:
On request

In the same family for over 150 years, this beloved and highly successful traditional taverna in central Paxos (Platanos/Fontana) is now being offered for long-term lease directly to its next operator for the very first time. The business is completely healthy, operating 12 months a year, combining an exceptionally busy summer season with steady local trade throughout the year.

What is Included in the Handover:

  • Complete Professional Equipment: Full ownership transfer of all working kitchen equipment, commercial refrigeration, traditional woodfired oven, indoor hall furniture, and outdoor terrace tables and chairs. Everything is clean, active, and ready for service.
  • Authentic Atmosphere: A stunning, traditional stonepaved courtyard shaded by mature trees, alongside permitted outdoor village square seating.
  • Water Autonomy: The property has its own large traditional rainwater cistern (sterna), providing valuable water storage and keeping utility costs low — an essential asset on Paxos.
  • Established Reputation: A wellknown local name, loyal international and local customers, and genuine 4.5/5 ratings on Google and TripAdvisor.
  • Private Dedicated Parking: Includes a private 400 sqm plot located just 50 meters from the property, used exclusively for customer and staff parking — a rare and valuable asset in central Paxos.

Financial Terms & Fair Lease:

  • Monthly Rent: €2,200 / month (direct, secure longterm lease from the property owner).
  • Equipment & Goodwill Buyout: €110,000 (open to fair, reasonable discussion with serious people).
  • Annual Turnover: Consistently over €350,000 (verifiable on official Greek tax declarations Form E3).
  • Detailed books and inventory will be shared transparently with serious inquiries following initial contact.

Freehold Option (Sale of Property & Land):
For investors seeking ownership, I am also open to discussing the outright sale (Freehold) of the entire real estate: the two-story building (taverna plus 90 sqm first-floor residential apartments) along with the separate 400 sqm plot located just 50 meters away. Crucially, as this plot is within village boundaries, it legally allows building up to 250 sqm (ideal for a private villa with pool or holiday suites). Full technical dossier and pricing available upon confidential inquiry.

Personal Handover:
As the owner, I will personally assist with the handover and introduce you to all our trusted local suppliers and the community, ensuring you start smoothly and successfully from day one.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

New long-term commercial lease directly from the property owner (5 to 10 years, renewable). Monthly rent of €2,200. Secure and straightforward terms for qualified operators.

Leasehold Rent:

€26,400 per annum

Living Accommodation:

90 sqm of first-floor apartments directly above the taverna (partially renovated). Suitable for owner's residence, staff housing, or conversion into luxury holiday rentals (included in the Freehold sale option).

Location:

Centrally located in a vibrant, traditional village setting in Paxos. The village offers exceptional everyday convenience and infrastructure, with a local mini-market, traditional cafes, vehicle rentals, a commercial laundry service serving island-wide holiday villas, and amenities including a free-access tennis court nearby. Benefits from easy road access, steady seasonal foot traffic, and the rare advantage of its own private parking just 50 meters away.

Premises Details:

An authentic stone-built village property in full working order. The ground floor features a fully equipped taverna, traditional wood-fired oven, comfortable indoor dining, an atmospheric stone courtyard, and its own rainwater cistern. The first floor offers 90 sqm of apartments, alongside the separate 400 sqm plot with building rights for up to 250 sqm.

Planning Consent:

Full active food and beverage operating license in place. The separate 400 sqm plot is within village settlement boundaries with building allowance of up to 250 sqm.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Great expansion potential. The separate 400 sqm plot carries building rights for up to 250 sqm of new construction (ideal for a luxury villa or rental suites). Additionally, the 90 sqm first-floor space can be developed into boutique tourist accommodation.

Competition / Market:

The village features a healthy local dining presence (a traditional cafe and a small meze spot nearby), which naturally helps draw visitors to the village in the evenings. As the most established, historic taverna with its own authentic wood-fired oven and large shaded courtyard, this business stands out as the primary, go-to dining destination in the area.

Reasons for selling:

The owner is pursuing other business interests and projects after many years of successful operation.

Trading hours:

09:00-00:00

Employees:
4-10
Years established:
150

Other Information

Support & training:

Comprehensive handover and operational support provided by the owner. Full introduction to trusted local suppliers and community contacts to ensure a smooth transition.

Furniture / Fixtures value:
€70,000
Lease asking price:
On request - Inventory / Stock included
Contact Seller