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Ca'n Picafort - Hostal, Bar / Restaurant, Terracing, Shop & Owners' Penthouse
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Ref: Finder 2372
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Area: North
Tenure: Leasehold
Term: 16+ Yrs Renewable
Rent: € 25,000 per Year
(approx £ 17,176)
Price: £ 150,000
(approx € 218,332)
Other:
Beach front, best views, owners' accommodation, restaurant, shop
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Wow, what a package!!! A family run business comprising a newly refurbished 11 bedroom ‘Hostal’, a ‘Bar / Restaurant, Shop & Terracing’ plus a 2 bed / 2 bth ‘Penthouse’. Situated right on the beach of a popular summer resort with unrivalled views across the bay.
The business opens February to November serving breakfast, lunch and dinner and enjoys an excellent reputation for the food (mainly imported from the UK) and entertainment. The clientele are mostly British, German & Scandinavian tourists plus local residents.
The hostal is on 2 floors with 11 rooms (with sea views and small balconies) plus the penthouse. Laundry room and roof terrace to the third floor. The whole of ground floor comprises the bar, restaurant, terracing and entertainment area with pleasant and comfortable surroundings creating a ‘nautical’ theme.
Total area dimension for the restaurant and the enclosed terrace on the side is approx 750m2. An additional terrace to the front for 22 tables/88 chairs is rented from the council for a peppercorn rent of approx 2,500€ pa.
Fully equipped commercial kitchen, & prep areas, cold storage, etc., all in stainless steel. Quad sound system and the biggest TV screen on Mallorca makes it an ideal place for watching live sports events.
Dancing & stage areas inside & out with different entertainment every night, ie; Frank Sinatra, drag queens, flamenco dancers, Spanish guitar players, etc. The enclosed side terrace has a swimming pool (above ground), stage and kiosk including a brand new fish n’ chip range.
Sounds a lot to run & manage, but in practice the hostal more or less runs itself, the restaurant / bar can be run by staff and the shop is currently sub-let at 10,000€ pa (note this only leaves 15,000 rent to find for all the rest!!
COMMENT:
The Hostal, Bar / Restaurant & Shop can all be run independently of each other. This business is perhaps the best of it’s kind we’ve come across in 15 years!
Highly recommended ‘cannot go wrong’ opportunity.
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