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Businesses For Sale   >>   France Businesses For Sale

The Current Hotel With Restaurant & Bar

Location  France
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2007
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned

Description  
The current hotel, with a restaurant and bar, on the French Riviera, near Nice. The hotel was acquired by the current owners in 2007, when it belonged to the family of English origin. Basically the hotel and had English clientele who prefer the warmer seasons. Consists of two buildings located on a large plot, divided by the garden and Parking area. The main three-storey building is located facing to the sea and beaches. The second building is a small two-storey Villa. The total area of two buildings is about 900 sq.m. The hotel has 26 rooms. In 2009, he was made a full refurbishment of the restaurant and bar, with a total area of 150 sq.m, which were practically rebuilt; and renovated roof of both buildings. In 2010 was repaired facade of the main building, and in 2011 - the facade of the Villa. The new leadership, after purchasing license bar IV' (on the sale of alcohol), changed the furnishings in the rooms, restored common areas, completely changed the bar and installed air conditioning in the rooms and halls of the first floor. Also changed the name of the hotel. Excellent location in a small town, beaches just 15 metres: just go to the other side of the sidewalk. Nice is at a distance of about 3 km, Antibes is 6 km to the Nearest airport in Nice. In the area surrounding this hotel, thriving Commerce. The hotel was taken to the office in 2009. The governing body consists of four persons who are members of the same family. The annual amount received from the lease of 72 000 euros. the cost of the hotel is 2 500 000 Euro.


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