Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Profitable Turnkey Waterfront Restaurant Business In Crete For Sale

Lasithi, Greece
Asking Price:
€320,000 Furniture / Fixtures included
Sales Revenue:
On request
Cash Flow:
On request

A rare opportunity to acquire a fully operational and recently renovated Mediterranean, Greek and seafood restaurant in a prime waterfront tourist destination in Crete.

The business was completely modernized and rebranded, with more than €100,000 invested in professional kitchen equipment, furniture, interior design, branding and digital marketing.

The restaurant accommodates approximately 60 guests and benefits from an excellent seaside position with strong tourist and local foot traffic.

The business has demonstrated strong revenue growth during the most recent season, with approximately €30,000 turnover in May, €40,000 in June and €60,000 in July.

The monthly rent is approximately €2000, providing an attractive cost structure for a premium waterfront location.

The sale includes the complete operating business, professional equipment, furniture, established brand and digital presence, website and other business assets, subject to the agreed transaction structure.

The restaurant is currently fully operational with an established and trained team.

The owner entered the business primarily as an investor and is selling due to professional commitments outside Greece. The sale is not related to the operating performance of the restaurant.

This is intended as a confidential sale. The exact business identity, location and detailed financial information will only be disclosed to serious and qualified prospective buyers following appropriate confidentiality arrangements.

Property Information

Real Estate:

Lease

Lease Terms:

Long-term lease arrangement with competitive rent of approximately €2000 per month. Full lease documentation and transfer arrangements will be made available to qualified buyers during due diligence.

Leasehold Rent:

€23,000 per annum

Location:

Prime waterfront location in a popular tourist destination in the Lasithi region of Crete. The restaurant benefits from strong pedestrian traffic, excellent visibility and a mix of international tourists and local customers. The exact location is confidential and will be disclosed to qualified buyers only.

Premises Details:

Fully renovated and professionally equipped restaurant premises, approximately 60 seats, professional kitchen, bar/service areas and storage facilities. Significant investment was made in renovation, equipment and interior design in 2026.

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

Significant potential exists to further develop the business through an extended operating season, increased lunch and dinner volumes, partnerships with hotels and tour operators, private events, delivery/takeaway services and continued digital marketing. Further growth may also be achievable through more active owner involvement.

Competition / Market:

The area has an established restaurant and hospitality market, supported by strong seasonal tourism. The business differentiates itself through its waterfront setting, modern Mediterranean and Greek seafood concept, recently upgraded premises and strong online reputation.

Reasons for selling:

The owner entered the business primarily as an investor. His main professional career is based outside Greece, and the level of personal involvement required to supervise a hospitality business in Crete does not fit with his primary professional commitments. The decision to sell is not related to the operating performance of the restaurant.

Trading hours:

Seasonal operation, generally April to October, operating daily during the main tourist season.

Employees:
8
Years established:
1

Other Information

Support & training:

The seller can provide an agreed transition and handover period, including introduction to the existing team, suppliers, operating procedures, digital marketing systems and other key aspects of the business.