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Businesses For Sale   >>   Portugal Businesses For Sale

Family Run Hotel For Sale

Location  Portugal
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $800000
Net Profit / Cash Flow  $20000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1968
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Is available from owners on agreement.
Reason for Sale  Owners relocating for childrens education.

Description  
Hotel complex for sale, comprising 39 rooms (15 with frontal sea views and balconies), swimming pool, spa treatment and massage facility, kitchens (capacity 100+ covers per service) and 34 cover restaurant plus dining terrace on 1450 sq m. Hotel is situated in a stunning elevated psoition overlooking the Bay of Funchal. Separate annex comprising 10 further rooms and owners apartment on 340 sq m. Recent significant renovation program including infrastructure upgrades, kitchen and rooms. Occupancy consistently exceeds 70%. Restaurant covers 30+ per night. Price Euro 2.1m (Euro1.1m adopting existing financing). Email or call Brian at +44 7970 865775.


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