MergerPlace

Leasehold Beachside Restaurant

Nerja, Malaga, Spain


  • Asking Price: $130,000
  • Gross Income: $315,000
  • Cash Flow: $65,000
  • Real Estate: Not Disclosed
  • Inventory: $3,500
  • FF&E: Not Disclosed
  • Listing ID: #201090
  • Established: 17
  • Employees: 5

Business Description

Incredible opportunity to acquire a well-established beachside restaurant with over 300K turnover in beautiful Nerja. The restaurant has loyal clientele composed of both expats and Spanish locals that keeps it busy even during the slow season but beyond that the restaurant constantly appears in review sites and articles as a ‘must’ and there are 300+ restaurants in Nerja.

The Owners are motivated to sell after a decade of operations, willing to entertain different payment structures.

The current menu offer is very creative and unique while remaining competitive, hence their popularity. The owner will stay on board for a month or so should the buyers want to ease the transition period and to teach food/product sourcing as well as the preparation of customer favorites and other plates.

With the current set-up the restaurant seats 40 customers with three full time (and long-time) employees and one part-timer. The space is comprised of 65m2 inside plus a terrace of +/-25m2 as well as a deposit room and two private parking spots behind the restaurant.

The owners have successfully operated this restaurant since 2008 which they bought from the previous owner who ran it for 8 years, the location is a proven spot for restaurant success. The current contract still has 3 years as well as a 5 year option with a monthly rent of €1702, the Landlord owns the complete plaza and is very amicable and understanding.

Prospective owners can continue to run this gem as is and recover the investment in about 1.5 years or they can decide to open 7 days a week (not done currently), open 12 months a year (current owners take one full month off) and/or incorporate breakfast among several other initiatives the current owners haven’t implemented simply because of lack of energy.

The current owners previously ran a beach bar “chiringuito” in Spain, and they also have other passive income sources and thus want to retire to have more time to travel back to the UK to spend with the grandkids, but they are not leaving Nerja for good, it’s too nice a place to live to do such a thing.

Extract about Nerja from Spainaway.com

THE COASTLINE
One of the main attractions of Nerja has to be its coastline. In this region the foothills of the Sierra Almijara mountain range reach right down to the shore, forming majestic cliffs between which nestle picturesque coves and beaches, incidentally precluding the erection of the high-rise apartment and hotel blocks which characterise so many other towns.

TRADITIONAL TOWN
Nerja town centre has preserved its traditional Andalucian construction. In many tourist resorts, economic development has taken place and changes have been made in order to accommodate the arrival of mass tourism, transforming the houses and streets of entire towns, and almost always for the worse.

Nerja, however, has not only conserved its original structure, but all new constructions have been adapted to the traditional Andalucian style of whitewashed houses, windows with grills, terracotta tiled roofs, etc.

BALCÓN DE EUROPA
The nerve centre of Nerja is the Balcón de Europa, a favourite site with local people and visitors alike. The promenade, flanked on the left by lovely arches, and on the right by hotels, bars and restaurants, ends at a semi-circular viewpoint on the cliff-top, commanding magnificent views over the Mediterranean and the surrounding mountains.

Sunset seen from the Balcón de Europa is unforgettable. The promenade is lined with palms and plane trees, and two ancient cannons form a reminder that until 1812 there was a fortress at the top of the cliffs. At the opposite end, turning left, is a square containing the church of El Salvador

Between the Calahonda and the Carabeo beaches runs the Paseo de Los Carabineros, a delightful natural pathway amongst the rocks of the coastline. Further east are the Jardines de Europa, charming botanical gardens which slope down to the Playa de Burriana.

SURROUNDINGS
The land around Nerja is reserved for agriculture, and the town and its surroundings are kept marvellously green thanks to the abundance of natural springs and wells. Indeed the name Nerja is derived from the Moorish word Narixa, meaning 'rich in water'. The fields are filled with exotic fruits such as chirimoya, avocado, kiwi fruit, figs and bananas, and the range of local vegetables is superb.

WATCHING THE WORLD GO BY
There are lots of things to do and see in the town. You can while away a few hours just meandering around the streets and browsing in the many shops, or visiting one of the six beaches, or just sitting outside one of the many lovely cafe-bars, with a drink and tapas.

LOCAL MARKET
Each Tuesday, the town hosts a traditional market with stalls selling virtually everything - fresh foodstuffs, all types of clothing for adults and children, watches and jewellery, soft furnishings, pictures, music, kitchenware, cosmetics and general household items.

NEED SOME EXERCISE?
Tennis, volleyball, squash and golf are available in the town or within comfortable reach. There are excellent walking opportunities in the mountains, as well as horse-riding and 4x4 excursions.

LOCATION, LOCATION, LOCATION
A car is useful for getting around the town - although it is still sufficiently small to walk from end to the other - in addition to allowing you readily to visit such places as Granada (with its famous Alhambra Palace) and Frigiliana - a beautiful Andalucian 'white' village just 7 kms out of town - and the famous Nerja caves (3 kms) which are some of the finest in Europe.

HIT THE SLOPES
From November to Easter time, the fine ski resorts of the Sierra Nevada are within a two hour drive and offer excellent facilities for skiers of all levels at very reasonable prices.

¿HABLAS ESPAÑOL?
Most important of all, despite being one of the Costa del Sol's premier resorts - and one that is visited and lively all year round - Nerja has managed to assimilate this tourism without damage to its basic character as a small Spanish agricultural and fishing village. If you speak Spanish you'll find plenty of opportunity to do so, and this will be appreciated by the locals, but if you don't then you'll still get by without any problems.

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: Restaurants, Bars & Other Food Services
Location: Spain
Metropolitan Area: Nerja, Malaga

Company Information

Year Established: 17
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5

Financial Information

Asking Price: $130,000
Gross Revenue: $315,000
Cash Flow: $65,000
Inventory: $3,500
Seller Financing Available: No

Property Information

Facilities:

90m2 Full commercial kitchen 2 private parking spot and plenty of beach parking for clients 40 covers

Growth & expansion opportunities:

Opening 11 months a year and only 6 days a week with limited hours

Competition:

Plenty as situated in seaside commercial strip mall

Reason for selling:

Retirement

Support & Training:

Yes, over a month or more if needed

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