Restaurant with Beautiful Gardens Terraces For Sale

Business description

Very interesting Restaurant located above the harbour of Palma and very close to the boat clubs, marina and popular indoor shopping centre.

The building is bursting with character. There is a terrace at the front entrance with beautiful views overlooking the harbor with seating for 25 people. Inside there is a spacious dining area with seating for 45 people and outside to the rear is a large garden/terrace with plants and fruit trees all around where 125 are seated comfortably.

The kitchen is huge, professionally equipped and all in excellent condition. Outside on the terrace, behind the attractive bar there is a big room with walk-in fridge that has all the installations to be converted into a second kitchen.

The restaurant is currently run by 1 waiter and 2 staff in the kitchen during the lunch period and 3 to 5 waiters and 4 to 5 in the kitchen for the evenings.

Clientele of all nationalities with lots of residents that have become regulars through word of mouth.

The owners have had the restaurant for 10 years now and want to travel. They can’t wait, hence the low price!

COMMENT:

With a new 10 Year contract the rent could increase up to 2,500€/Month which is still very reasonable considering the size, position and potential of the restaurant.

Property information

Real Estate:

Lease

Lease terms:

4 years renewable
Rent: 1000€ Monthly

Other information

Reasons for selling:

Owners want to travel

Contact the seller