Hotels

Profitable Restaurant & 2 Star Hostel front line beach in Malaga East for Sale €1,600,000


Current Price: €1,600,000
New Price:
Rate data provided daily by European Central Bank
Beds
13
M2
600
Lot Size
150
Year Built
2002
Terrace Seating
20

Profitable Restaurant & 2 Star Hostel front line beach in Malaga East for Sale at 1.6M

Characteristics

  • 600m2 built over 4 floors
  • 10 ensuite guest rooms with one being a family room (4 beds)
  • 2 star Hostel with 8.7 avg rating and famous restaurant with 9.5 rating on thefork
  • Established for more than 15 years
  • Full building structure with no debt

This well-known hostel and restaurant combo has been profitably trading since 2002. Built and managed by the same family it has built an extremely strong reputation as a go to restaurant in this coastal town just 30 minutes east of Malaga airport which constantly receives German, Belgian, Dutch and Scandinavian guests coming to enjoy the sun, the beach, the golf courses and the beautiful Axarquia mountains for hiking and cycling besides being able to shortly visit cities like Malaga & Nerja in under 25 minutes.

With 10 guest rooms the hostel caters mainly to Spanish travelers boasting an occupancy of 65%, it certainly will benefit tremendously from an owner catering to expats and foreigners taking advantage of the wave of tourism investment happening in the area. Also there is the possibility of turning the owner’s apartment on the 4th floor into further 5 rooms or 4 suites.

The restaurant has about 25 covers inside and a further 20 outside, with an average spending rate per customer of 35/40 euros it is a very profitable business and one of the very few of its type in the area, the owner is also the chef but extensive training will be provided to new owners and staff (chef/cook/other) to take over without any issues.

The owner’s family lives on premises in a 3 bedroom apartment with a big indoor terrace as well as a 2 rooms with private terraces and a laundry room as well as a big space used for deposit and other on top of the building.

The town is famous for its beaches which are preferred by the Malaga locals when going outside of Malaga due to the good diversity of restaurants on the beach, no traffic, and better tourism.

This Hostel would certainly benefit from a modernization of the furniture as far as mattresses and sheets/covers go to jump a level in the type of clients being able to increase then the RevPAR by 20/30 per night but structurally the structure is in impeccable conditions.

For more detailed information about this business, we will need to have a brief telephone conversation to determine a good fit with the business and area as well as a fully executed NDA (non-disclosure agreement) to preserve the confidentiality of this running business.

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.


General Amenities
Interior Amenities
Exterior Amenities
Security Amenities
Landscape Amenities
Community Amenities
BB6855F
Velez Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6855F
Beds
13
M2
600
Lot Size
150
Interior Seating
35
Year Built
2002
Terrace Seating
20
Years Established
18
BB6855F
Velez Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6855F

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Non-Circumvention and Non-Disclosure Agreement

Between the following Parties:

Business Broker Spain SL (CIF: B54646153) and trading as Business Broker Spain and with registered Head Office: 10 Calle Arquitecto Urteaga 03730 Javea, (Alicante). Spain (hereafter ‘the agent’);

1.The Discloser intends to disclose information (the Confidential Information) to the Recipient for the purpose of purchasing any business introduced to you through by Business Broker Spain.

2.The Recipient undertakes not to use the Confidential Information for any purpose except the Purpose, without first obtaining the written agreement of the Discloser.

3.The Recipient undertakes to keep the Confidential Information secure and not to disclose it to any third party except to professional advisers who need to know the same for the Purpose, who know they owe a duty of confidence to the Discloser and who are bound by obligations equivalent to those in clause 2 above and this clause 3.

4.The undertakings in clauses 2 and 3 above apply to all of the information disclosed by the Discloser to the Recipient, regardless of the way or form in which it is disclosed or recorded but they do not apply to:

a )Any information which is or in future comes into the public domain (unless as a result of the breach of this Agreement); or

b) Any information which is already known to the Recipient and which was not subject to any obligation of confidence before it was disclosed to the Recipient by the Discloser.

5.Nothing in this Agreement will prevent the Recipient from making any disclosure of the Confidential Information required by law or by any competent authority.

6.The Recipient will, on request from the Discloser, return all copies and records of the Confidential Information to the Discloser and will not retain any copies or records of the Confidential Information.

7.Neither this Agreement nor the supply of any information grants the Recipient any licence, interest or right in respect of any intellectual property rights of the Discloser except the right to copy the Confidential Information solely for the Purpose.

8.The undertakings in clauses 2 and 3 will continue in force for 2 years from the date of this Agreement.

9.This Agreement is governed by, and is to be construed in accordance with, Spanish law. The Spanish Courts will have non-exclusive jurisdiction to deal with any dispute which has arisen or may arise out of, or in connection with, this Agreement.

 
BB6855F
Velez Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6855F

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