Profitable restaurant in complex Sunset Kosharitsa

We are offering for sale this working and profitable business for sale – a fully furnished and equipped summer restaurant called Kosharitsa Bar & Restaurant. Kosharitsa Bar & Restaurant is located on the territory of the popular mini resort Sunset Kosharitsa, only 7.5 km from Bulgaria’s biggest seaside resort - Sunny Beach. Sunset Kosharitsa holiday development is set at the foot of the easternmost hills of Stara Planina Mountain, close to the sea, in a quiet location, only a few hundred meters from the last houses of the big and well developed village of Kosharitsa. The total area of the restaurant is 350 sq.m. and it has about 80 seats.

Kosharitsa Bar & Restaurant is set on the territory of the development. It is a summer restaurant which works 6 months a years – from May 1st until November. The restaurant has an open-air terrace, which is partially covered by an awning and parasols. The kitchen is located in a building to the restaurant which is connected to the bar and is fully equipped. The restaurant offers a pleasant atmosphere, specialties from the Bulgarian and international cuisine, a variety of drinks, cocktails. There are also vegetarian dishes and healthy food.

The restaurant’s clients are mainly owners of holiday properties and houses set on the territory of the complex, as well as the many tourists staying on the development in the summer. The clients are mainly foreigners (British, Polish, Russians), but there are Bulgarians as well. Periodically, different events are organized at the restaurant, like karaoke nights, barbecue evenings and various DJ and performer nights. The restaurant has been working since 2007 and is profitable.

EQUIPMENT OF THE RESTAURANT
The restaurant is fully furnished and equipped. It has all the needed cooking appliances, as well as a dishwasher, a machine for washing and drying glasses and cups, a few fridges and freezers, 2 deep fryers, a big gas grill, a table from rust-proof steel with a fridge compartment, a grill, 6 hobs and an oven, a few microwaves.

CONDITIONS FOR BUYING THE RESTAURANT
Kosharitsa Bar & Restaurant is an important and inseparable part of the Sunset Kosharitsa development, which is one of the biggest along the Bulgarian Black Sea coast, with about 420 apartments and 18 luxury holiday villas. In the development there are a number of recreational facilities (5 swimming pools, a tennis court, a spa and wellness center, shops, and soon there will be a medical center). Even though the development is set 7.5 km from Sunny Beach it is popular and well developed. It welcomes owners of holiday properties and tourists mainly during the summer months and it is working excellently. The servicing is at a very high level and the positive feedback from clients is almost 100%. Prices are competitive and the development is widely advertised. The management of the restaurant and of the whole development is entrusted to one of the leading companies for management of properties and holiday homes in Bulgaria.

Eating in the restaurant is an essential part of the holiday of the tourists and owners in the development. That is why the restaurant should follow a certain policy of serving food and drinks, opening hours and standard of servicing. This means that if the buyer wants to manage the restaurant by themselves they must comply with the local policy, as well as with the other details aimed at high quality servicing of owners and guests staying at Sunset Kosharitsa.

If the buyer is an investor wanting to buy the restaurant for investment purposes and to rent it out without managing it physically then such a deal would be possible with a preliminary agreement for a fixed annual rent payable by the management company, which will continue running the restaurant.

In any case, the buyer should have preliminary talks with the management company of the development during which to discuss all arrangements regarding the future management or letting of the restaurant.

The price indicated is not inclusive of VAT 20%.