Hotel Hostal In Santa Ponsa For Sale

Business description

Comments:
High quality hostal with high class restaurant attached. The business occupies an excellent position in one of Mallorca's most sought after resorts. Currently trading in summer only, there is considerable scope to extend to all year round.

Current Operation:
This three-star hostal has sixteen letting rooms on two floors, four being single rooms and 12 being double rooms. All rooms have en-suite bathroom facilities and terraces. The premises are spotlessly clean throughout and decorated and furnished to a high standard. The business has been certified as “modern accommodation” by the Mallorca tourism authority. The ground floor accommodates a comfortable reception area with its own entrance, private dining room for hostal guests and a laundry as well as the bar and restaurant, which are open to the general public. To the side of the restaurant is an attractive stone ballustraded terrace. The restaurant and terrace can accommodate a total of 35 tables giving 120 covers. The restaurant and bar areas are air conditioned and the décor, soft furnishings and lighting generate exceptional ambience while the furniture and equipment is of the highest quality. The kitchen is fully equipped to commercial standards and the bar also is extensively equipped. To the rear of the building are the guests’ car park and a private garage for one vehicle.

Notes:
We have known this business well for a considerable time and firmly believe it to be an outstanding opportunity with a ready made income from day one. The location of the business is exceptional and there is little competition in its immediate vicinity. The business is financially viable on takings from the rooms alone and the scope for improving earnings by opening in winter is well worth consideration. The asking price for the business is by no means unreasonable.

Premises Dimensions:
Overall: 1,000 Sq. metres
Floors: 600 Sq. metres
Restaurant: 80 Sq. metres
Bar: 90 Sq. metres
Terrace: 120 Sq. metres
Parking: 300 Sq. metres

Finance:
The business currently only opens in the summer months and it is hard to find vacant rooms there during that period. The takings are sufficient to cover all overheads for the whole year and offer the current owners an excellent living. The restaurant and bar in their own right also earn a lucrative income from the high quality menu on offer. Full accounts are available for perusal by interested purchasers.

Rent:
0

Asking Price:
€1514700

Property information

Real Estate:

Real Property Included

Location:

This business occupies a main road position close to the large sandy beach in one of the most popular British resorts on Mallorca’s south west coast. The location is not only convenient for the guests of the hostal but also well positioned for passing trade to be attracted to the restaurant.

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