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Cheapest prices in Paphos

Computor SOS, Paya, Paphos

The Haris Bar Restaurant



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PostPosted: Thu Dec 07, 2017 12:47 pm 
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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:
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PostPosted: Thu Dec 07, 2017 2:42 pm 
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Hopefully, it will be the new "Macumba Club". Great memories of our times in there a few years ago.

Alan


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PostPosted: Thu Dec 07, 2017 5:31 pm 
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I knew I remembered seeing you going in there Alan :lol: ;)

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PostPosted: Fri Dec 08, 2017 11:10 am 
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Price is over 1 million - the place is always empty and not particularly busy in the summer!


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PostPosted: Fri Dec 08, 2017 12:05 pm 
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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:

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PostPosted: Fri Dec 08, 2017 3:59 pm 
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people dont like going up stairs , more so the oldies

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PostPosted: Fri Dec 08, 2017 6:20 pm 
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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

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PostPosted: Mon Dec 11, 2017 12:49 pm 
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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.


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PostPosted: Tue Dec 12, 2017 12:20 pm 
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it is a bit of a white elephant

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PostPosted: Sat Dec 16, 2017 12:03 am 
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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.


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PostPosted: Sat Dec 16, 2017 8:28 pm 
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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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