Updated October 2026
In short: Buying a bar in Greece can mean buying the property, the business (the lease, licence, equipment and goodwill), or both. Most of the risk sits in licences, the lease and seasonality, not in the building. Overseas buyers should budget for a Greek tax number, a lawyer, a notary and transfer taxes, and should check trading figures carefully before committing.
| What you buy | Includes | Pros | Cons |
|---|---|---|---|
| Freehold property | The building or unit | Asset ownership, rental income if you lease it out | Higher price, more due diligence |
| Business (leasehold) | Lease, licences, fit-out, equipment, goodwill | Lower entry cost, trading from day one | Lease terms and licence transfers are critical |
| Freehold and business | Both | Full control | Largest capital outlay |
Where buyers look
Island destinations such as Mykonos, Santorini, Crete, Corfu and Rhodes command premium prices and very seasonal trade. Athens and Thessaloniki offer year-round trade with less volatility. Smaller islands and mainland coastal towns can be good value, but have shorter seasons.
Costs and taxes to budget for
Typical purchase costs (check current rates with your Greek lawyer)
- Greek tax number (AFM) and a Greek bank account
- Property transfer tax on freehold purchases (around 3%)
- Notary, land registry and lawyer fees (often 1–2% combined)
- Licence transfer or new operating licence from the municipality
- Stock, refurbishment and working capital for the first season
Due diligence that matters most
- Licences: confirm the food and drink licence, music licence and any beach or terrace permits are valid and transferable.
- Lease: check the remaining term, rent reviews, renewal rights and permitted use.
- Trading accounts: ask for audited figures and tax returns, not just the seller's projections.
- Debts and staff: make sure there are no outstanding tax, social security or supplier liabilities.
- Planning and building status: check terraces, extensions and outdoor areas are legal.
How Fraser Bond supports your purchase
| 1 | Define the brief Budget, location, freehold or business, and how hands-on you'll be. |
| 2 | Source opportunities On- and off-market bars and hospitality property through local partners. |
| 3 | Coordinate due diligence We work with Greek lawyers, accountants and surveyors on licences, lease and accounts. |
| 4 | Negotiate and complete Price, terms and handover, including licence transfer and staffing. |
Why investors use Fraser Bond
- A single point of contact in London for an overseas purchase
- Introductions to vetted Greek legal and tax advisers
- Independent review of trading figures and lease terms
- Ongoing support with management or resale
Considering a bar or hospitality business in Greece?
Talk to us about your budget and the locations you're considering.
Speak to our teamRelated guides
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