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Profitable Hotel And Restaurant In Cádiz For Sale

Cadiz, Cadiz
Asking Price:
€3,400,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€550,000
Cash Flow:
€330,000

Profitable Apartment-Hotel and Restaurant with plenty of opportunity to grow, located in historical Cádiz Spain, 1km from La Caleta Beach and only 4.4km from Playa de la Victoria. This property is over 100-years old and has recently be 100% renovated. There are seven modern apartments, suitable for double occupancy, each with a fully equipped kitchen, flat screen TV’s, air conditioning, modern bathrooms, washing machine and all of the amenities of a first-class hotel, including two roof-top terraces. On the ground floor, currently open for lunch and dinner, is a full-service restaurant and tapas bar offering high-quality, traditional Andalusian cuisine. The staff of 6 is well trained and dedicated to catering to each customer’s desires. This property has one of the only business licenses available within the “old” city. Note, all figures including the price, down payment, terms and financials are in Euro. The seller may consider some financing to a qualified buyer. Please refer to listing business brokerTom Milana when inquiring about this listing.

Property information

Real Estate:

Real Property Included

Location:

Cadiz, Spain center of old-town

Premises Details:

Hotel is 24/7 Restaurant open for Lunch/Dinner, closed Mon.

Business Operation

Reasons for selling:

investment goals and refurbishment have been achieved

Employees:
6
Years established:
2014

Other Information

Support & training:

seller will train for 4 weeks at no cost

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

seller will finance @$500,000 Mos:36 Rate:8% Monthly Payment =$15,668.18

Furniture / Fixtures value:
€350,000 - included in the asking price
Inventory / Stock value:
€10,000 - included in the asking price

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