MergerPlace

Highly Profitable Boutique Hotel

Costa Tropical/Granada, Spain


  • Asking Price: $1,299,000
  • Gross Income: $238,275
  • Cash Flow: $65,000
  • Real Estate: $1,200,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #200972
  • Established: 50
  • Employees: 5

Business Description

This is one of those true boutique hotels in the area that sets the standard for the rest, the owners transformed what used to be the historical inn of the city into a gem, the whole place is an ode to good taste and attention to detail.

The hotel comprises 7 very spacious and high end rooms, all with en-suite bath/showers, A/C, coffee & tea makers, safe, hair dryer and Wi-Fi. The hotel also boasts the absolute best restaurant in town with to die for sky views of the beach as well as a bar with piano area.

Each room is decorated slightly different but with great taste, there are two double rooms and two twin rooms without sea views and three double rooms with private sea view terraces, all the rooms have been recently (2016) refurbished and had their sound insulation upgraded.

Businesswise the Hotel & Restaurant combo are a marvel and the current owners run on it on full staff basis with chef and sous-chef, so those looking to get into the hotel business should not shy away from this opportunity as the current staff is willing to continue and fortunately there is an ample supply of highly prepared tourism professionals in the area. The hotel & restaurant are only open 9 months a year and still have managed to turn over a quarter of a million for the past three years with noticeable increases year after year.

The hotel also has an 8th smaller room that the current owner uses as an office.

There are also plans to build 10 self-contained units and parking for all of them as well as a pool already in place and approved by the local ayuntamiento, the owners have not begun the expansion due to their desire to sell which are partially driven by their time already running the place (since 2010) and due to health reasons disclosable to serious buyers.

This is a fantastic business lifestyle opportunity that also brings financial reward and the current strong operation lends itself to both active and passive management, the income generated currently more than merits and allows for a full time hotel manager allowing the owners to spend their days enjoying the beach, the food, the wonderful weather & life in general.

There is the possibility to finance a portion of the purchase should the buyers be unable to obtain finance from a third party by transferring the current mortgage expiring in 2025.

Here is a short description of the town by our friends in Spain-Holiday.com
La Herradura

The stunning bay of La Herradura, together with its neighboring town of Almuñecar, forms the tourist capital of Costa Tropical.

However, it is still a relatively unknown stretch along Spain’s southern coastline, which belongs to
the Granada province in Andalusia; lying between the more populous Costa del Sol to the west, and the Costa Almeria to the east.

The area forms one of the most attractive bays along the southern coast of Spain, with its two large natural promontories, the Punta de la Mona and Cerro Gordo, which protect a two kilometer long sandy beach.

About town
The village itself is located at the eastern point of the bay; it’s a typical Andalusian village of
whitewashed houses, sitting on a gentle slope leading down to the beach.

The town offers good amenities, with shops, bars and restaurants. Down towards the beach there is a wonderful promenade that stretches the whole length of the bay. Perfect for an early evening stroll before dinner, to watch the sun go down.

Beaches
La Herradura has a fine sandy beach, which stretches for 2 kilometers, and aside from this beach, there is 19 kilometers of local coastline, with a variety of beaches, from long stretches
of sandy, small coves.

Water sports are very popular and there are numerous businesses offering different types of courses and equipment hire. Divers will find some of the best underwater scenery here, along the whole southern coast and the best scuba diving in Spain, La Herradura by Almunecar (where most of our diving takes place!) is a National Marine Reserve that plays host to an immense variety of marine life.

Natural surroundings
From here you can almost reach out and touch Africa. The dramatic results are what give the Costa Tropical its special geography and climate, so unlike any other coastline in southern Spain.

Rugged hills soar up steeply from valley floors or plunge dramatically into the sea. Once-forested, now bare hillsides provide a marginal foothold for almond, olive and the hardy carob tree. And above everything towers the grand Sierra Nevada.

Climate
The mountain range, which boast the highest peak in mainland Spain, form a natural weather-break which protects the coastline from the worst influences of the European winters, while Africa, to the south, helps buffer the harsh effects of both the Mediterranean and Atlantic weather.

As a result, the area has an extraordinarily benign subtropical climate, which can be seen in the variety of exotic products to be found in the local markets, especially the different fruits.
Viewing Arrangements

Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor's agents Business Broker Spain.

Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.


Business Details

Primary Business Category: Accommodations
Location: Spain
Metropolitan Area: Costa Tropical/Granada

Company Information

Year Established: 50
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5

Financial Information

Asking Price: $1,299,000
Gross Revenue: $238,275
Cash Flow: $65,000
Real Estate: $1,200,000
Seller Financing Available: Yes

Property Information

Growth & expansion opportunities:

Approved building project for additional 10 self-contained Units plus parking on site

Competition:

Little

Reason for selling:

Health Issues

Support & Training:

Yes

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Alejandro Scholtz

Business Broker Spain