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#Business ID: 19069

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Corner Restaurant On Resorts Main Street

Business Location: Magaluf, Calvia, Balearic Islands, Spain

Asking Price: € 199,000 Revenue: not disclosed Cash Flow: not disclosed

Business Summary

An excellent opportunity to take over this very busy corner positioned Restaurant of 240sqm that is only 50 meters from the beach.

This establishment is currently trading as an Indian Restaurant with take-away facilities. Given that this is the most popular Resort for the British on the Island and their love of Indian food, it is easy to see why this business is so successful.

Having a corner position is a great advantage for the dinners on the large ‘L’ shaped terrace that has 60 covers as they have the choice of watching the people on the main street or looking at the sea.

Internally there are 50 covers, Air conditioning keeps the guests cool in the summer and warm in the winter. The decor has a typical Indian theme with special embroidered covers for the chairs.

The kitchen is equipped for the type of food served here, but could be added to if the purchasers wished to change the theme. There are 4 staff that will stay on if required as they have been with the Restaurant for a couple of years now.

There is a second option to lease only this Restaurant, with a split payment of 45,000 euros then a second payment of 40,000 euros later in the year. For that the owner will let you trade for one season, then you can either do the same for the following year, buy the Tresspaso for 114,000 euros. Or the Freehold for an agreed sum.

This is a very successful business and one that deserves serious consideration as it has an out standing location and reputation.

Monthly Rental Price: €2,300

Property Details

Property Type:

Lease

Other Business Details

Business Location:

Magaluf, Calvia, Balearic Islands, Spain

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