Total of 18659 firms and businesses for sale today Sunday 12th May 2024
Time to Sell or Time to Buy !

Business For Sale. Restaurant

LISTING DETAILS
Firms For Sale ID:
25342
Vendor reference:
SP5911L
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
€350,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Asking Price - â?¬2,300,000 (Freehold) - â?¬350,000 (Leasehold)

â?¢ Landmark International Restaurant
â?¢ 30 Years Established
â?¢ Front-Line Beach Positioning
â?¢ Outstanding Opportunity for High-End Operator
â?¢ Freehold & Leasehold Options
VIRTUAL TOUR AVAILABLE ON REQUEST

Opening Hours -
Monday - Closed
6 Days - 13.00 - 15.30 and 18.30 - Midnight

Fuengirola is one of Spainâ??s Costa del Sols longest established year - round resorts and has been attracting both visitors and those looking for a better quality of life for over 50 years. Originally a small fishing village, it has grown in size to become the multi-cultural town it is today. The Paseo or Promenade stretches over 2km and benefiting from over 300 days of sunshine every year, is always busy. This restaurant has seen many changes in the town since it first opened its doors over 30 years - yet only one owner!

Through the loving care placed on it by our client and his team, it has grown with the surrounding area and has for a long time now, had an unrivalled and much envied reputation both amongst its rivals and from customers - some of which have been returning since the very early days. Even today, it retains much of its original charm and offers discerning diners a most comprehensive menu where the emphasis has always been on fresh fish, meats and produce sourced locally wherever possible with an equally impressive selection of wines to suit all occasions and budgets.

Located on the front-line and with views across the beach and Mediterranean, front and side terraces offer up to 70 covers, a further 100 diners can be accommodated in the 3 distinct dinning rooms - all of which are comfortably furnished and presented in immaculate order. Both menus and decor are of a Mediterranean style with strong Italian influences and contribute to what is always a warm welcoming atmosphere with a service that is both professional yet unobtrusive. The kitchens are exceptionally well equipped and total some 110m2 with a relatively small brigade - all of which are long-serving and, we understand, are prepared to remain in place for new owners.

This business remains extremely popular year round and represents an extremely rare opportunity for a highly experienced restaurateur. It currently offers lunch and dinner service 6 days & nights per weeks but could work 7 and continue trading throughout the afternoon given the very high levels of passing trade. A more formal breakfast menu than its neighbours currently provide could also prove to be very welcome.

For those looking to make a more significant investment, the freehold is also available with offers in excess of â?¬2,500,000 receiving serious consideration such is the continued success, turnover and profitability of this charming, high-end international restaurant, any buyer or cpnsortium would very quickly realise significant returns whether self-managing or by offering leasehold terms to new tenants.