MergerPlace

Hotel & Restaurant near Cordoba

El Hoyo, Spain


  • Asking Price: $699,000
  • Gross Income: $92,000
  • Cash Flow: $62,000
  • Real Estate: $750,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #201367
  • Established: 10
  • Employees: 4

Business Description

This Hotel first opened in 2007 and it offers 7 spacious hotel rooms as well as a 4 bedroom & 2 bathroom self-contained owner’s accommodation and highly regarded restaurant and it sits nearby Peñarroya-Pueblonuevo about 43km away from San Nicolas del Puerto and 50 min drive from Cordoba.
The Hotel has 410m2 built consisting of 7 rooms, a reception area, a lounge, 2 terraces, a patio, a basement and a storage room all sitting on a plot of 5.5 Hectares (55.000m2) surrounded by Olive trees, there is a 5mX12m pool for guests as well as other outdoor guest areas.
The Restaurant is 220m2 built with two dining areas with capacity for 85 covers plus open air terrace.
The owner’s accommodation is a self-contained house 220m built with 4 rooms and 2 baths with a kitchen, dining room/lounge, 2 terraces and 1 balcony.
The Hotel is frequented mostly by Spanish tourists yet they receive their healthy portion of Brits and Dutch visitors as well as regular yearly Japanese travel tours looking to explore inland Andalusia.
Currently the hotel/restaurant/bar combination trades at minimum capacity with 3 staff, the restaurant only opens on Friday & Saturday nights as well as Saturday and Sunday during the day yet it nets the owners enough to maintain a comfortable lifestyle.
Among the amenities we have free Wi-Fi, free private parking, outdoor pool, restaurant & bar, reception, AC hot and cold, disabled facilities, terrace, garden, library & banquet/meeting facilities.
Some of the activities guest typically enjoy while staying are hiking, fishing, cycling & horse riding besides exploring inland Andalusia and nearby Cordoba.
The current owners don’t pay for advertising and use only a few selected channel managers such as booking.com which presents an easy opportunity for the new owner’s to increase occupancy as well as reduce commissions and focus on international clients impacting the bottom line, this as well as extending the weeks available to trade, the restaurant, the prices (which are low even for the area and Spanish customers) and finally catering to events such as weddings and celebrations for which the size is just right. There is also the option of expanding the size/amount of rooms.
There is a small portion of the original mortgage still in place which can be transferrable to the new owners.
This business offers a great price-value relationship and could be easily handled by a couple or family.
The village has great road access and is frequently visited by cyclists, hikers and motor-bikers as a lunch and/or night stop before continuing their routes.
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: El Hoyo

Company Information

Year Established: 10
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $699,000
Gross Revenue: $92,000
Cash Flow: $62,000
Real Estate: $750,000
Seller Financing Available: No

Property Information

Facilities:

7 ensuite hotel rooms 85 cover restaurant and bar pool garden lounge terrace reception 55000m2 plot (13.5 acres)

Growth & expansion opportunities:

Extending service weeks Marketing (no marketing currently expect 15% commission on bookings paid to booking.com)

Competition:

No

Reason for selling:

Time running the business Moving back to the UK

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