MergerPlace

Hotel, Restaurant & Bar for Sale

Juzcar, Ronda, Malaga, Spain


  • Asking Price: $749,000
  • Gross Income: $193,000
  • Cash Flow: $57,000
  • Real Estate: $650,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #200980
  • Established: 2001
  • Employees: 7

Business Description

This Hotel & Restaurant combo first opened in 2001 and it offers 8 spacious rooms, a fantastic bar that serves as the daily encounter point for the whole village as well as a highly acclaimed restaurant. The facilities do not fall far behind with an art gallery/activity room, a pool area and a sunbathing terrace with fantastic views of the mountains and valleys in the Serrania de Ronda.

The Hotel is frequented by tourists year round looking for both the romanticism of Ronda a short drive away and the nearby beaches of Marbella while enjoying the peacefulness of a small village with movie worthy views.

The current owners also have a spacious 2 bedroom apartment in the hotel making this a fantastic lifestyle business opportunity for its next owner.

Currently the hotel/restaurant/bar combination trades very well around +/-190K annually but with a great and easily achievable potential to increase sales, especially on the margin friendly hotel occupancy side.

The current owners don’t pay for advertising and use only a few selected channel managers which could be the clear reason for their lower than average occupancy rates, presenting a fantastic opportunity for the next owners to have a clear and easily achievable increase in sales.

The true passion of the current owners is fine dining and their reason for selling, besides having over a decade managing the hotel, they would like to move to a city to open a high end restaurant and compete for culinary awards (one of the owner’s is a great chef).

There is a mortgage in place until 2029 that the current owners will pay off with the sale but could transfer over to the new owners (pending approval) should they wish so.

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 motorbikes as a lunch and/or night stop before continuing their routes.

The owners also have an adjacent property to the hotel that can tag along to the sale for an extra 110K, the house has 3 bedrooms, 1 bathroom, dinning room, kitchen, laundry room and a rooftop terrace for a total built of 130m2.

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: Juzcar, Ronda, Malaga

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7

Financial Information

Asking Price: $749,000
Gross Revenue: $193,000
Cash Flow: $57,000
Real Estate: $650,000
Seller Financing Available: Yes

Property Information

Facilities:

The 8 room hotels also includes the town's best restaurant as well as a bar and an events room that has been used in the past to display local artworks (the town is a hotspot for writers and painters) as well as having a pool, garden, 2 bedroom owners accommodations and a lobby and tv room.

Competition:

None in town

Reason for selling:

Longevity of business ownership, willingness to move to a big city and open a high end restaurant.

Support & Training:

Yes

Contact Business Seller

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Business Listed By:

Alejandro Scholtz

Business Broker Spain