Hotel for Sale in Agistri, Saronic Gulf, Greece

Excellent Business Opportunity with Very Good Return

Tourist hotel,including bar and restaurant, with excellent income.

Situated in Greece, on the idyllic island of Agistri in the Saronic Gulf, is an excellent existing business opportunity priced for a quick sale.

The business is excellently located and is less than an hour away from the Greek mainland and capital city, Athens. It is ready to move into and start business.

The business at present operates seasonally although it could operate throughout the year as the island has many Greek visitors as well as tourists.

The business generates an excellent income from the room rental, restaurant and bar facilities and rental of sunloungers and umbrellas on the private beach.

This business also has an excellent expansion opportunity as included in the asking price is an adjoining plot of land, presently used as a parking area, with existing planning permission for a two-storey building which would give an extra 10 - 12 rooms. The new owner will be entitled to a minimum 50% grant from the Greek Tourist Office (EOT) to expand the business in this way.

The business has an existing full Greek tourist office licence for room rental and a fully licensed bar and restaurant. Also another great benefit is that small Greek islands fall into the low tax category bracket, i.e. business and personal taxation is much lower on small islands than on the Greek mainland or larger islands such as Rhodes, Corfu, etc. This is another reason why this business gives very good net profit and an excellent return on investment.