Retail

Coffee and tea; Delicatessens ; Restaurant

Here is your opportunity to buy the most charming and elegant Italian restaurant and lounge in Sanya (Hainan island). Business description: Spanning over 500 square metres, very elegantly designed and decorated, with two separate areas of different atmosphere (a more open/wide "greek square" and a more cozy/intimate "arabic sofa lounge"), the restaurant is located on the second floor of a building which also features another successful restaurant and a very busy KTV. Central riverside location with great view on the river and vicinity to shopping areas. Easy to spot and to remember main entrance door (at the first floor) in Tunisian style. Both classy and cozy, 150 seats excluding the lounge sofas, fully operational kitchen, bar and office. Sanya, with over 15 million tourists last year, is the only tropical resort of China with excellent weather all year round. The restaurant is favored by all the local ex-pats, highly appreciated by tourists (25% Chinese, 35% European, 40% Russian) and is featured on basically all web sites talking about Sanya and in various travel books. Average spending per person is 12 Euro. Property information: Fully licensed, rent $2,000 a month including rent of attached 20 m^2 office. The contract is until end of 2009 and is renewable. Very low monthly costs (around 1,500 Euro including personnel salaries). Expansion potential: There is huge potential in Sanya for the continuously developing European tourism, which is bound to reach and overcome the already flourishing Russian tourism. Competition / Market: There are only four other original foreign food restaurants and the market is still in full expansion. Support & training: we will help the new owner settle in and give all contacts for suppliers and services. Reasons for selling: the owner intends to move back to Italy to help with family business. Furniture/Fixtures/Decorations/Inventory value: $ 65,000; Stock value: $ 5000.

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