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Restaurant In Mallorca
Great Opportunity For Owner Chef

 

Situated on a corner, with the entrance at street level, though the dining room is above the street, with a beautiful view from the terrace with seating for over 50 people.

The terrace is surrounded by a white wrought iron fence, with lamps and flowers.
The restaurant is 200 m2 and seats about 50 inside.
It has been completely refurbished, the dining area and the kitchen.
The kitchen is fully equipped, about 30m2. It has a reserve supply of water, and also has a reverse osmosis water filter system.
The dining room, air-conditioned, with a natural wooden floor, and wooden-beamed ceiling, has one side consisting entirely of windows and which looks out over the bay of Santa Ponsa.
There is the possibility of on-premises accomodation which is part of the same premises as the restaurant, also looking over the bay, and with a separate entrance.
The apartment would be rent-free.

 

The property is leasehold, 10 year renewable lease.
The current rent is 1728.18 Euro(in sterling approx. 1,217 per month).
All furniture, kitchen equipment, filter system, etc., belongs to the leaseholder.
The annual community costs (for upkeep of the building, etc.) were 816.42 euro (574.94) last year.
The rent goes up each year in accordance with the cost of living figure which is set by the governent office of statistics.
The landlord cannot raise the rent more than the official cost of living increase.
This restaurant is ideal for a chef-owner. It would be best run by a chef and his wife or partner. Besides this, the staff required would be two more in the kitchen, and a dishwasher, and two more in the dining room.
Currently it is running from 10am until 11pm, though lunch time and evening time would be sufficient as they are the best times. At the moment it closes one day a week for staff break.
The market we are working with is middle class, family, but it could easily move into a higher bracket with the right chef.
The restaurant is now in its third full season, and turn over last year was in excess of 300,000 euro (approx. 211,267). Details of profit are available.The reason we are selling is that we have two restaurants and have been in business here for 27 years. Looking after two businesses is too much, and we can't be in two places at once.
A busy seaside resort 19 kms by motorway from Palma, the capital city of Mallorca.This is a very popular resort with a beautiful, safe beach.
It hosts all nationalities, but mostly English, Irish, Scottish and Welsh. The summer season starts around Easter and continues until the end of October. Although quieter in the winter, there is business among the locals and the ex-pat community.

Price
€265,000 Euros
187,000 GBP Currency converter

Contact Mr Les Serff
Email Click here
Tel 00-34-971-690334

 

 

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