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Turnkey Beach Front Sea Food Market Restaurant For Sale

Palmanova, Mallorca
Asking Price:
€265,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
Available on request
Net Profit:
Available on request

Original and handcrafted interior designs makes this new concept of market /restaurant unique in this holiday resort.
We are privileged to be situated in an area well known by the locals and tourists for its wide choice of bars and restaurants and spectacular sea views and white sandy beach.
Situated next to a 4+**** adults only hotel that was completely refurbished in 2017 and is open all year as well as many other hotels in this area having been renovated and upgraded to 4****and even a new 5*****hotel opened in 2018.
Our restaurant is 185 m2 seating around 32 inside and includes the bar and the fish counter.
2 exterior terraces seats 80+ including an area for larger groups or romantic couples.
New folding glass panels that open up the interior to exterior and led lit this business provides an exclusive and intimate dining experience
The industrial kitchen is lined with stainless steel with all new machinery including a new jet smoke extractor and new anti slip floor.
The back door in the kitchen provides an extra space for fridge/ freezers and storage.
Completely new electric installation 220v and 380v.
All licenses are in order
New 10 year lease up on signing
Rent 3200€ month
Reason for selling. Retirement after 25 years in the business
This turnkey business could provide a Chef if needed and has no staff obligations

If interested please contact the seller through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

New 10 years lease

Leasehold Rent:

38.880€ per annum

Location:

Beach front premises on a popular promenade frequented by local residents and tourists. Palmanova has grown to become a major holiday destination for social/ economic groups.

Premises Details:

Ground floor. 100 metre block holding 12 different restaurants.

Size in square feet:
1.992 sq.ft. 185m2
Planning Consent:

Not applicable

Business Operation

Expansion Potential:

Possibility of creating franchise.

Competition / Market:

None, as it is unique in this area

Reasons for selling:

After 25 years in the business we realised it was time to retire

Trading hours:

Varies accordingly to the time of the year
6 (Monday closed) or 7 days a week
From 8 to 11 hours

Employees:
Varies accordingly to the time of the year, from 3 to 7
Years established:
The actual restaurant has been opened since May 2018 but we runned it as a different restaurant since 1993

Other Information

Support & training:

Will help accordingly to introduce the new owner to the system in place

Contact Information

    1. Your Address

    2. Optional
  1. Optional

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