MergerPlace

American Diner & Sports Bar

Puerto Banus, Marbella, Spain


  • Asking Price: $490,000
  • Gross Income: $490,000
  • Cash Flow: $135,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #201165
  • Established: 2012
  • Employees:

Business Description

Business Broker Spain is proud to offer this fantastic leasehold American Diner & Sports Bar business opportunity in glamorous Puerto Banus, if you are looking to own a good and established restaurant then read on.
Incredible Turn Over (Disclosable with NDA)
Solid Owner's Net Benefit (Disclosable with NDA)
Rare opportunity in supreme location in Puerto Banus with low rent
Established (over 5 years since opened)
Option to buy 100% SL (LLC) shares (reduced tax implications)
Live music license in place
High ranking on TripAdvisor and other relevant sites
This well-established restaurant offers a universally liked food concept in Puerto Banus, it complements its great menu with an incredible location and themed decor. Currently opens 7 days a week for breakfast, lunch and dinner so a solid team in place for the next owner to ease into restaurant business ownership as well as a transition period to be offered by the current owners to ensure continued success.
The restaurant has accumulated incredible goodwill locally and internationally being constantly visited by celebrities and having hosted even premiership football team, this is a great investment and safe as business ownership can be, it is a business to be proud to own which the current owners understand and after having retired to Banus form the UK (and out of boredom and/or inability to remain retired) started this wildly successful business, see the need to wind down and retire for a second time.
This is a great investment opportunity for anyone wanting an excuse to move to sunny Costa del Sol but it is also a good business to add to a portfolio of restaurant in iconic places.
More about Puerto Banus by Wikipedia
Puerto José Banús,
More commonly known simply as Puerto Banús, is a marina located in the area of Nueva Andalucía, to the southwest of Marbella, Spain on the Costa del Sol. It was built in May 1970 by José Banús, a local property developer, as a luxury marina and shopping complex. It has since become one of the largest entertainment centres in the Costa del Sol, with 5 million annual visitors, and is popular with international celebrities. Developed around a coastal village in the Mediterranean architectural style, Puerto Banús contains expensive shopping malls, restaurants and bars around the marina. It is also scene to many exotic cars that are owned by international celebrities and wealthy owners that also own large yachts. Luxury cars like Rolls Royces and high end sports cars like Ferraris, Lamborghinis and Mercedes Benz are a common sight in the summer months around Marbella and Puerto Banus. These cars are brought to the eye of the public via huge showrooms and dealerships showcasing the latest supercars.
History
The architect Noldi Schreck, who participated in the design and construction of Beverly Hills, was visited in 1966 by Prince Alfonso de Hohenlohe to ask him to work on the Hotel Marbella Club. Schreck's first job was to meet José Banús (a close friend of Francisco Franco), and convince him that Puerto Banús was not a suitable place to build huge skyscrapers that would house thousands of wealthy families. He proposed a sophisticated Andalusian village and marina, the first port made by a single architect. José Banús became the largest developer of residential tourism complexes on the Costa del Sol. The port took his name and he became famous with the epithet "the regime’s builder."
The lavish opening of the complex in May 1970 was attended by, amongst others, the Aga Khan, film director Roman Polanski, Playboy founder Hugh Hefner, Dr. Christiaan Barnard(pioneer of the heart transplant), and Prince Rainier and Princess Grace of Monaco. A young Julio Iglesias was hired to sing for the guests for the sum of 125,000 pesetas. Three hundred waiters from Seville served 22 kilos of beluga caviar to 1700 guests.
In 2011, it was reported that one of the largest-scale developments in Marbella's history was to take place with a 400 million euro investment into La Bajadilla, east of Marbella, by Qatari Sheikh Abdullah Ben Nasser Al-Thani which included a 200-metre (660 ft) quay for cruise liners, a five-star hotel on the marina, as well as bars, restaurants, shops and supermarkets to compete with Puerto Banús.
Geography and climate
Puerto Banús is located on the Costa del Sol of southeast Spain, 6 km (3.7 mi) southwest of Marbella, 64 km (40 mi) southwest of Málaga and 782 km (486 mi) south of Madrid.[6] The climate of the area is protected in its northern part by the Coast Mountain Range of Cordillera Penibética. It has a microclimate that produces a mean annual temperature of 18 °C (64 °F).
The Málaga Airport is 60 km (37 mi) away. There is a good network of roads and transport services connecting Puerto Banús with adjacent towns and suburbs.
According to the Municipality of Marbella, Puerto Banús is visited annually by nearly 5 million people. Visitors to the port tend to be mostly tourists from northern Europe (especially United Kingdom) and Arabs (especially Kuwait and Saudi Arabia), along with Spanish tourists. The focal point of Puerto Banús is the marina. It has berths for 915 boats, including those of the King of Saudi Arabia and several of the world's wealthiest individuals. Behind the harbor lie streets filled with bars, boutiques and nightclubs. The marina has slips for boats and ships from 8–50 metres (26–164 ft). Its surface area is 15 hectares (37 acres), and its depth ranges from 3–6 meters (9.8–19.7 ft) within the marina, with 7.5 metres (25 ft) at its entrance. There is a beach on each side of the marina where boats can be hired.
Shopping
Its streets are lined with expensive luxury boutiques like Christian Dior, Gucci, Bvlgari, Versace, Dolce & Gabbana, and others. One stretch is known as "The Golden Mile". Apart from the chain of restaurants, boutiques, in the heart of the Antonio Banderas Square is one of the largest El Corte Ingles department stores in Spain, including the up-scale hypermarket, Hipercor.
The Boulevard de la Fama de Puerto Banús was created to pay tribute to individuals who have promoted Marbella nationally or internationally through their professional work.
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: Puerto Banus, Marbella

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $490,000
Gross Revenue: $490,000
Cash Flow: $135,000
Seller Financing Available: Yes

Property Information

Facilities:

Leasehold 3500/month during summer & 2500/month during winter 200m2 inside and 140m2 terrace Fully licensed and equipped

Growth & expansion opportunities:

Organic growth

Competition:

High, although sales keep increasing y-t-y and recently TGI Friday's closed, there are several American Diner/Restaurants in Puerto Banus but none with better reviews on all relevant sites. Hard Rock Cafe across from square

Reason for selling:

Owners retired to Marbella, got bored and started this business so they wish to retire once again and understanding the time it takes to sell they have put it on the market.

Support & Training:

Yes

Contact Business Seller

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Business Listed By:

Alejandro Scholtz

Business Broker Spain