Magnificent Italian Restaurant In Old Town Marbella For Sale

Business description

New insructed price 68,000 Euros, reduced by 22,000 Euros for an immediate sale!

A very rare opportunity, to acquire a stunning Italian Restaurant in a superb location in the famous magnificent Old Town of Marbella. The location of this restaurant is excellent as it is in the Old Town near some great pubs including an Irish pub. This pedestrian street through the old town is also used by many local residents as a short cut route from Marbella city centre to a very large residential area on the edge of the old town.

Inside this splendid restaurant the interior is painted in farrow and ball paints with modern wallpaper on a feature wall. There is 12 volt lighting on the ceiling and feature wall lights and outside coach lights.
In addition there is a very good looking bar with outside opening; doors open all along the wall for continuous outside-in look.
There are 6 dining tables outside in this fabulous cobbled pedestrian street and 7 dining tables inside, though this can be altered in the winter months, can move more dining tables inside in a different configuration.
The restaurants clientele is averaging 50% tourists and 50% Spanish with lots of repeat customers.

This restaurant is operating fully all the year round. It currently opens for Lunch and Dinner every day except Sunday. The average spend per person is approximately 35-40 euros per head.
Inside it is fully equipped: electronic till. fire extinguisher, under bar fridges, plenty of preparation surfaces, fridges, deep freezer, CD player and other various decorative features.

The menu is currently different Pasta dishes, Fish, Salads and Risotto.
There is 1 full time chef on 300€ per week + social security and the chefs wife is the waitress and preparation on 180€ per week + social security.

This is a stunning restaurant, at an incredible price for its location and trade, with an equally incredibly cheap monthly rent of only 1500 euros. This restaurant really must be seen to be fully appreciated; its classic, classy feel in beautiful settings, a superb ambience for dining. If it is a restaurant business that appeals, you simply cannot find better than this one, an opportunity to definitely not miss out on

Property information

Real Estate:

Lease

Lease terms:

5 years and 5 years renewable thereafter written into the contract

Location:

A brilliant opportunity to acquire this great Indian Restaurant, very close to the busy main Marbella promenade at an incredible price.
The main appeal with this restaurant is its fabulous location for passing trade from the beach, the harbour area and the promenade of Marbella.

Other information

Competition / Market:

No other Italian Restaurants Nearby

Support & training:

Yes support and training is on offer for a given hand over period

Reasons for selling:

Owner need to return back to UK to sort out issues with his tenants not paying rent on his property.

Trading hours:

12.00 - 23.00