MergerPlace

Unique Boutique Hotel in Ronda, Malaga

Ronda, Malaga, Spain


  • Asking Price: $1,450,000
  • Gross Income: $290,000
  • Cash Flow: $80,000
  • Real Estate: $2,080,000
  • Inventory: $3,000
  • FF&E: Not Disclosed
  • Listing ID: #202158
  • Established: 2003
  • Employees: 7

Business Description

This Boutique Hotel has 12 ensuite rooms, rooftop pool, massage room, pond, breakfast bar and a tropical garden and all sits meters away from all points of interest and has been trading fully managed profitably for over 15 years.
Supremely located a stone throw away from both the Puente Nuevo & the Puente Viejo as well as the oldest Bullfighting ring in Spain and streets filled with restaurants and shops. The interior of the hotel is incredibly unique as it was born out of an original music band retreat and recording studio concept by the owner who used to represent several and was well known in the industry, but the property has since then been remodel into the fine boutique hotel is presents today with less but more spacious rooms, without losing the uniqueness of the original concept. The hotel also has a nice tropical garden as well as a plunge pool on the rooftop which is kindly unique in Ronda as well as an interesting pool filled Garra rufa fish which you may have seen in Spa center cleaning the feet of customers, quite a unique and entertaining experience, finally special activities such as Thai/Shiatsu/foot massages are offered by the in-house therapist.
While the hotel does employ a cook it only offers breakfast, which has become quite famous in the area presenting an opportunity to either expand the meal service or start a full service restaurant with a reorganization, presenting additional potential to an ambitious buyer as it holds a full restaurant license.
Trade wise the hotel provides the owner with a decent 6% yield as the property is fully managed by staff which present a great opportunity for someone looking for a lifestyle business as not only several cost cutting opportunities exists but a natural increase in sales would ensue form being owner operated, but for those looking for a straight investment then keep in mind that since the current owner is busy with several other projects the yield of the hotel could easily be increased to 7.5% and there is value to be had just on the real estate as the property has a 2.1M valuation from TINSA which if updated we would reasonably expect to still be well above the current asking.
All relevant materials (such as floorplans, registrations, P&L, Balance sheets, valuation, hotel KPIs, etc.) are available for qualified buyers (signed NDA) and a sincere effort will be made to accommodate for request for additional information.
If you know Andalusia but haven’t visited Ronda then you need to correct that wrong, there is a reason Hemingway wrote Ronda was the place “to spend your honeymoon or to see a bullfight for the first time” but if you need convincing type Ronda on google and be pleasantly surprised about what the city is all about.
Hotel Description:
12 rooms, 12 baths, 864m2 built on a 964m2 plot, plunge pool, breakfast room, reception, massage room, fish pond, tropical garden, fully licensed, built 2001.
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: Ronda, Malaga

Company Information

Year Established: 2003
Home Based: Yes
Franchise: No
Relocatable: No
Number of Employees: 7

Financial Information

Asking Price: $1,450,000
Gross Revenue: $290,000
Cash Flow: $80,000
Inventory: $3,000
Real Estate: $2,080,000
Seller Financing Available: Yes

Property Information

Facilities:

864 m2 built 12 room Reception, Restaurant, Rooftop Pool, Fish pond, Tropical Garden, Massage room, Outdoor Terraces with views

Growth & expansion opportunities:

Full restaurant license in place so possibility to offer lunch and diner to hotel guest and outside tourist as located in high foot traffic area.

Competition:

Limited as Ronda is a historical city and developments are highly regulated so offering is very scarce, avg occupation of hotels in the city is 75% with this particular business at 90% average

Reason for selling:

Exiting business after more than 15 years, growing another business (internationally famous sports brand)

Support & Training:

Yes, current management team willing to continue as owner is not actively involved.

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