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Coral Sunset /in Coral Bay up for sale
http://paphospeople.com/ppforum/viewtopic.php?f=2&t=33231
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Author:  M.A.D [ Thu Dec 07, 2017 12:47 pm ]
Post subject:  Coral Sunset /in Coral Bay up for sale

Noticed this morning that the Coral Sunset in Coral Bay has a 'business for sale' sign up...BIG place...any bets on what sort of restaurant it will be :lol:
Attachment:
Coral Sunset.jpg

Author:  emgeeb [ Thu Dec 07, 2017 2:42 pm ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

Hopefully, it will be the new "Macumba Club". Great memories of our times in there a few years ago.

Alan

Author:  M.A.D [ Thu Dec 07, 2017 5:31 pm ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

I knew I remembered seeing you going in there Alan :lol: ;)

Author:  FooFoo [ Fri Dec 08, 2017 11:10 am ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

Price is over 1 million - the place is always empty and not particularly busy in the summer!

Author:  M.A.D [ Fri Dec 08, 2017 12:05 pm ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

FooFoo wrote:
Price is over 1 million - the place is always empty and not particularly busy in the summer!


With it's prime location...IT COULD..be turning into something special......but I doubt it :lol: :roll:

Author:  Neil [ Fri Dec 08, 2017 3:59 pm ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

people dont like going up stairs , more so the oldies

Author:  M.A.D [ Fri Dec 08, 2017 6:20 pm ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

Neil wrote:
people dont like going up stairs , more so the oldies



APPARENTLY there is a deal with the Chinese next door for use of the lift :celebrate

Author:  screamineagle [ Mon Dec 11, 2017 12:49 pm ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

This place has been for sale for ages. It was advertised back in July 2016 ! As others have already pointed out they are asking €1 Million just for the 'leasehold', so there will be monthly rent to pay on top. As Neil correctly pointed out, a huge flight of stairs is the 'kiss of death' for any bar. If you bought this place you'd never recover your initial investment.
Agreement to use the Chinese lift can be withdrawn at any time.

Author:  Neil [ Tue Dec 12, 2017 12:20 pm ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

it is a bit of a white elephant

Author:  Mouse [ Sat Dec 16, 2017 12:03 am ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

1 million good will ? The greedy little buggers need there brains tested. So recently when has coral bay been busy enough to warrant such a price, another place to lie empty and gather dust.

Author:  vine [ Sat Dec 16, 2017 8:28 pm ]
Post subject:  Re: Coral Sunset /in Coral Bay up for sale

Goodwill value of a business in the UK is usually under normal circumstances between 3 and 5 times its annual profits..Mmmmm,it may be different here.

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