The business consists of 9 suites totaling 326,48 sq. meters at a unique spot in the Caldera of Fira, in the capital of Santorini island. It is currently being renovated. Santorini was known in ancient times as Thira and is one of the most famous Greek islands in the world. The fact that you can sit in front of the caldera, enjoy local dishes, a drink or a coffee while gazing at the remarkable beauty of an active volcano caldera in the sea is priceless.
Fira is the picturesque capital of the island perched on the top edge of the Caldera, 260m above sea level, with its narrow roads designed for donkeys and protection from pirates, offers breathtaking views to the Aegean Sea and the island of Nea Kameni. Fira has the highest tourism period, almost 8 months/per year. The island has a growing reputation as a “wedding destination” for couples from all over the world.
The business can operate as a luxury suites unit along with a small wellness spa. Even for re‐selling the whole business after it is delivered complete, this is a rare opportunity.
- Asking Price:
- €4,000,000
- Sales Revenue:
- €250K - €500K
- Cash Flow:
- €100K - €250K
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Inside Fira, the capital of the Greek island of Santorini
- Premises Details:
-
The hotel has a front row view to the caldera, sea and famous sunsets
- Size in square feet:
- 3,500
- Planning Consent:
-
All permits are gained, and the current owner can deliver the business in full working order
Business Operation
- Expansion Potential:
-
There is no expansion potential, the availability of a luxury suites business in Fira is a rare opportunity.
- Competition / Market:
-
There are close to 20 luxury suites businesses in Fira as well as a number of hotels, but all of them are booked full for summer. The demand is more than the available rooms, and prices are high.
- Reasons for selling:
-
The current owner is selling this business in order to finance another project of his own
- Trading hours:
-
24/7 operation in summer, typical business hours in spring and autumn
- Employees:
- 0
- Years established:
- 0
Other Information
- Support & training:
-
1 month training
- Financing available:
-
Our company, ErgoQ, can support you in receiving bank financing as well as up to 50% subsidy on renovation plans
- Business closed / Asset sale:
- Yes
