Fully Licensed Restaurant for Sale in the Heart of Nicosia

A fully licensed, renovated restaurant in a prime location in the heart of Nicosia, with six years of successful operation, an established brand and a loyal customer base. The business is fully equipped and ready to operate.

Awards and Reviews

• Multiple local and international awards.
• 4.7 Google rating, with more than 500 reviews.
• Ranked 6th on TripAdvisor among more than 700 restaurants in Nicosia.

Strategic Location

• Highly visible location with strong foot traffic.
• Within walking distance of the main bus station, theatre and city centre.
• Close to major blue-collar employment hubs.
• Adjacent to the new Nicosia Museum and urban redevelopment projects.

Operations and Financial Performance

• Fully licensed business with six years of successful operation.
• Strong brand recognition and a loyal customer base.
• Consistent growth during 2020–2024.
• Historical net profit margins of 12%–17%, with a decline in 2025–2026 as the owner pursues other business interests.
• A turnaround effort is required, which is reflected in the reduced asking price.

Included in the Base Asking Price

• Renovated restaurant.
• A “clean” company.
• Lease agreement.
• Restaurant licence.
• Five paid parking spaces.
• All restaurant equipment, including:
  • 5 fridges and 3 freezers.
  • Ready-to-use stainless steel kitchen and extraction hood.
  • 2 air-conditioning units.
  • Tables and chairs.
  • Professional sound system.
  • Additional equipment.

Growth Opportunities

• Franchise potential.
• Extended opening hours and expanded delivery channels.
• Opportunities to serve the growing vegetarian and wellness market.
• Significant growth potential for an owner-operator actively involved in running the business.

Brand and Intangible Assets

The business has an established brand, intellectual property, proven recipes and operating systems, an existing customer base and an online presence.

Ownership of the brand, recipes, intellectual property rights, awards, website, Google accounts, TripAdvisor presence and other related assets is not included in the base asking price and is available for an additional €25,000.

Reason for Sale

The owner is pursuing other business interests and can no longer dedicate their full attention to the restaurant.

Asking Price

€95,000, excluding ownership of the brand and the intangible assets listed above.

The asking price has been reduced for a quick sale.

Enquiries are welcome and will be treated confidentially.