Restaurant In Palma Nova For Sale

Business description

Comments:
A Fantastic business for a chef or someone with some catering experience who wishes to run an establishment that offers a higher quality of food than the majority of restaurants in the area, with the flexibility to accommodate new ideas and themes.

Current Operation:
This well presented restaurant has been running successfully for the last 11 years for the current owners and has only come onto the market due to other business commitments. Situated on the main road that runs through the resort, the restaurant specialises in Italian cuisine with selected International dishes, all of which are served al á carte. The restaurant can be entered from the street and has a large front terrace, part of which has a permanent roof with side and front retractable awnings which allows it to be fully enclosed in inclement weather and seating for a total of 60 people. Inside there is seating for a further 28 people in a dining room that has been decorated in a dark and light shade of coral with ceiling mounted fans keeping the interior cool in the summer months. To the rear of the restaurant are two fully tiled public washrooms and a small storage cupboard. The U shaped bar which dominates the dining room has a solid marble top and comes complete with all the fixtures and fittings needed to run the bar. Behind the bar is a storeroom with fixed wine racks and an upright freezer and beyond that is the well planned kitchen professionally equipped to provide anything from simple snacks to more elaborate meals. Alongside the kitchen is a fully tiled staff toilet and shower facility.

Notes:
This is a lovely business that would suit any aspiring chef wishing to own their own restaurant. With its good location, spacious interior and terrace and equipped to a high standard, this business in the right hands should be a serious money maker.

Premises Dimensions:
Inside: 95 Sq. metres
Outside: 75 Sq. metres

Finance:
The rental charge for this double fronted business is a reasonable one considering the size and quality of the business and also the location. The asking price is a substantial investment, but with the current owners claiming takings of between 180,000 and 200,000 Euros a year, new owners should be able to see a quick return on their investment.

Rent:
£900 per month

Asking Price:
€267300

Property information

Real Estate:

Lease

Location:

The business is located on a busy main street that runs through the resort amongst other bars, restaurants and shops. There are a number of hotels and apartment complexes which surround the business, all of which provide a good passing trade. The resort centre and the wide sandy beach are only a couple of minutes away and there are many major tourist attractions nearby. The resort is a favourite with British tourists who visit here in their thousands each year, some more than once and there are some hotels in the area that stay open all year round.