A profitable restaurant is looking for new owners: asking for a five-figure sum
A successful restaurant in Aukštadvaris, Lithuania is up for sale, with owners seeking €75,000 as they shift their business plans despite the establishment's profitable status.
In Aukštadvaris, Lithuania, a profitable restaurant is currently on the market, with the owners asking for €75,000. This news was first reported by the portal Delfi, highlighting that the establishment is strategically located near notable historical sites, including the Aukštadvaris mound. The restaurant's owners claim it has been successfully running year-round and caters to a variety of events while offering an a la carte dining experience.
The advertisement indicates that the restaurant has the capacity to expand its business model, potentially incorporating accommodation services, which adds to its appeal for prospective buyers. Ričardas Leckas, one of the current owners, mentioned the shift in business plans rather than failure, emphasizing that the restaurant has a strong summer business comparable to that of popular tourist areas like Palanga.
Founded just over four years ago by a company named Leckana, the restaurant reported revenues of €46,705 and a net profit of €6,573 in the previous year. This sale reflects a common trend among small business owners who may seek new directions even when their enterprises are performing well, underscoring the dynamic nature of the hospitality industry in local markets.