Successful Rural Farmhouse And B&B In Andalucia For Sale

Business description

Popular Location On The Outskirts Of Malaga City

• Well Appointed Country B&B
• Enviable Location
• Included in many “Invitation only” Guide Books
• Excellent Occupancy and Turnover
• Full Audited Accounts
• Full Operating Licence
• Highly Rates Website
• Assumable Mortgage

OVERVIEW
Set on the side of the mountains overlooking a Moorish White Village and its impressive castle, with 33,000 SQ MTR of Arable land and 6000 SQM of fenced off landscaped gardens.

The guests accommodation consists of 7 large bedrooms all with private terraces, ensuite showers and toilets plus Dual Mode Air-conditioning/Warm Air system. The main building offers a large terrace with amazing views, restaurant area, fully equipped kitchen, a guest lounge bar and TV/Games room, a very large swimming pool of 11 x 7 metres, laundry and storage. There is parking for 12 cars, which is ample for the current capacity of the hotel.

There is an unusually long season due to the location with easy access to major attractions for tourists (Malaga, Granada, Antequera, Marbella, and Cordoba). Outside of the normal high seasons, this business enjoys a rising demand from walkers, birdwatchers, cyclists, climbers and those looking for a peaceful retreat. Currently working with a number of cycling clubs and speciality operators, which is increasing the demand for hotel accommodation during low seasons.

BUSINESS PERFORMANCE
Owners have made major investment in refurbishment programme, additional facilities, marketing and sales channels. The results have seen an increase of 250% in declared revenues 2007-2009 with increasing revenues and profitability together with a growing reputation for the “Resident Only” restaurant. The business has remained profitable despite the recession of 2009 achieving profitable growth even in 2010 & 2011.

FINANCING OPTIONS
Subject to credit checks and applicants history, the existing mortgage can be taken over by the new owners subject to satisfying banks credit checks and usual mortgage conditions.

Property information

Real Estate:

Real Property Included

Living accommodation:

There is a private apartment for the Owner/Manager consisting of three rooms with two bathrooms. This accommodation consists of a large master bedroom with own bathroom, a private sitting room and a further room currently used as office/storage.

Location:

Set in the mountain region near Malaga and close to the highly popular Lakes district

Premises details:

Premises are made up of two seperate blocks, the guest bedroom block (5 bedrooms overlooking the pool) and the old Farmhouse. The old farmhouse has two further guest rooms (old stables that have been converted to bedrooms), kitchen, laundry, storage, dining area, guests lounge, bar and TV/Games room. The second floor of the farmhouse is the private accommodation for the owners with a fully independent apartment.

Business Operation

Expansion potential:

There is significant room for expansion including additional bedrooms, opening of the restaurant to non-residents, opening of a separate restaurant for general public, or log-cabins for self-catering in the remainder of the ample land (subject to the usual local planning requirements).

Reasons for selling:

Need to focus on other businesses the owners run.

Trading hours:

24/7

Employees:

1

Years established:

10

Other information

Support & training:

Owners will be prepared to provide training and 3-weeks handover period.

Financing available:

Subject to credit checks and applicants history, the existing mortgage can be taken over by the new owners subject to satisfying banks credit checks and usual mortgage conditions.

Furniture / Fixtures value:

€70,000 (included in the asking price)

Inventory / Stock value:

€20,000 (included in the asking price)

Leasehold asking price:

€ (Furniture / Fixtures and Inventory / Stock included)