Retire Spanish Style with this Apartment Hotel in Historic Cadiz

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Luxury Hotel and Restaurant in Spain
Asking Price:
$3,400,000

Gross Revenue:
$795,000
Cash Flow:
$289,460
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$350,000
included in asking price

Real Estate:
$3,400,000
included in asking price

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Business Description

Please refer to business broker Tom Milana listing #0101-263337 when inquiring about this listing.

Located in the historical district of Cádiz Spain, this property is over 100-years old and has recently (2018) been 100% renovated. There are seven modern apartments, suitable for double occupancy, each with a fully equipped kitchen, air conditioning, modern bathrooms, washing machine and all the amenities of a first-class hotel, including two roof-top terraces. On the ground floor, currently open for lunch and dinner, is a full-service restaurant and tapas bar offering high-quality, traditional Andalusian cuisine. The staff of 6 is well trained and dedicated to catering to each customer’s desires. This property has one of the only business licenses available within the “old” city. Note, all monies are in Euro. The seller may consider some financing to a qualified buyer.

About the Business

Year Established:
2014
Number of Employees:
6
Real Estate:
Owned
Facilities:
Luxurious 7 apartment Hotel, and Restaurant
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About the Sale

Reason For Selling:
Investment goals obtained
Training/Support:
seller will train for 4 weeks at no cost
Seller Financing:
seller will finance for $500k for 36 months 8%=$15,668.18 monthly payment

Listing Info

ID:
1596244
Ad Detail Views:
0

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Business Listed by

Thomas Milana

Transworld Business Brokers, LLC.
License# BK3199254

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Sponsoring Broker:

Andrew Cagnetta
Transworld Business Brokers, LLC.
License# 6021776

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