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Profitable Restaurant Close The Sea In Palma For Sale

Palma, Mallorca, Spain
Asking Price:
€478,000 Furniture / Fixtures included
Turnover:
On request
Net Profit:
On request

Recently renovated with high-quality materials, ready to operate.

A well-established project with charm, taste, and sophistication.

High annual turnover with a strong flow of both regular and new customers.

Renowned modernized traditional Spanish cuisine, famous across the island.

The business is sold free of debt.

SPACE FEATURES

200 m² of well-equipped indoor space.

1,600 m² terrace with both uncovered and covered areas, ideal for events.

Open all day, serving breakfast, lunch, dinner, and cocktails.

Loyal clientele even during the low season.

OPPORTUNITIES FOR THE NEW OWNER

Great potential to continue the business’s success.

Versatile space that allows for separate management of different areas.

The large glazed terrace is perfect for private events or celebrations.

The project will be transfered free of debt for the new owner.

ANNUAL TURNOVER: Up to 2 million euros.
TRANSFER PRICE: €478,000
MONTHLY RENT: €2,500

To receive further information, signing a Non-Disclosure Agreement (NDA)
will be required to ensure the project's confidentiality.

Property Information

Real Estate:

Lease

Leasehold Rent:

€2,600 per annum

Location:

Palma de Mallorca

Size in square feet:
1.600 m2 Outdoor + 200 m2 Indoor

Business Operation

Expansion Potential:

EXPANSION POTENTIAL

1. EVENTS AND PRIVATE FUNCTIONS

  • The large glazed terrace is ideal for private events, weddings, corporate parties, or themed dinners.
  • Implementing a regular events calendar can attract new customers and retain existing ones.

2. EXTENDED HOURS AND NEW OFFERINGS
- Although the restaurant already operates all day, introducing a specialized brunch or afternoon cocktails could maximize the use of the space.

3. DELIVERY AND TAKEAWAY
- The growing popularity of delivery services offers a great opportunity. Introducing a takeaway or home delivery service would expand the restaurant’s reach.

4. PARTNERSHIPS WITH HOTELS AND BUSINESSES

  • Given the area's tourist appeal, establishing agreements with nearby hotels for special menus or catering services can be highly profitable.
  • Offering corporate breakfasts or business event packages could attract a new clientele.

5. MENU EXPANSION

  • Introducing a premium cocktail menu, gourmet tapas, or an exclusive tasting menu can appeal to a more sophisticated audience.
  • Expanding vegetarian, vegan, and glutenfree options could also enhance customer attraction.

6. TOURISM AND CULTURAL ACTIVITIES
- Organizing themed events that highlight Mallorcan culture or Spanish cuisine can attract both residents and tourists.

7. SPACE OPTIMIZATION

  • Dividing the restaurant into distinct areas can create diverse experiences:
  • The glazed terrace as a lounge bar
  • The uncovered terrace as a chillout zone
  • The indoor space as a formal dining area

With these strategies, the restaurant could increase its revenue, diversify its clientele, and strengthen its long-term success.

Employees:
20

Other Information

Support & training:

The owner can stay for a period of time so as to show the new owner all of the details.

Relocatable:
This business can be relocated