Looking for a profitable Business for sale in Spain? We have something for you to offer!
Two-star hotel for sale, built in 2004 in the city of Campello. The hotel has 5 floors, which are located on 1000 square meters. The hotel has 20 rooms with bathrooms, some rooms have a small kitchen.
Each room has all the necessary amenities - air conditioning, TV, Wi-Fi and safe deposit. In the lobby there is a cafe, and on the top floor there is a two-level penthouse of the owner with unforgettable sea view.
The hotel is located almost by the sea - only 20 meters from the beach. Near the hotel there are lots of cozy bars and restaurants. Great location, comfort and service were very highly appreciated by the guests. By the way, the average rating of the hotel on the Booking.com is 9.6 points!
The hotel is 95% full in summer and early autumn, and you will need at least 3 people and owner to manage the hotel. The building is in excellent condition and at the moment does not need even cosmetic repairs.
The cost of the hotel is 1.990.000 euros, it is possible to take a mortgage for 1.300.000 euros for 15 years with a mortgage rate of 1.9% per annum. Taxes and notary fees are not included in the amount. The hotel is sold due to the owner's retirement. The hotel has always belonged to the same owner.
The annual turnover of the hotel is 260-300 thousand euros, while it works only 6-8 months a year.
Operating period 8 months 12 months
3 persons 52.000 78.000
And other 80.000 120.000
TOTAL 132,000 198,000
85% occupancy rate + 307.200 (80€/room)
75% occupancy rate + 405.000 (75€/room)
The result 175.200 207.000
The profitability of 8.8% to 10.4%
Income in 2016/2017
95% occupancy rate (80€/room)
Result + 547.200
If you are attracted by an idea to move to Spain and live here permanently, consider buying this business. Call us, and we will tell you all the details, arrange a tour of the hotel and a meeting with the owner.