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Ref: AG19MLSC9627915
Property marketed by Spain Property Shop S.L
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A unique opportunity is offered to acquire an established restaurant with the possibility of scaling up to a franchise model. Business operating since 2014 with an active license and excellent turnover. The terrace has 220 m² with capacity for 50 tables. Currently operating with 3 employees plus manager in winter and 9 employees plus manager in summer. Annual turnover is approximately €400,000, backed by a recognized brand an established clientele. Reduced monthly expenses with a rent of €1,000 and maximum electricity consumption of €500. The transfer price is €120,000 and includes the brand, furniture, equipment and the business ready to continue in full operation. Ideal for investors or entrepreneurs interested in a solid business with expansion potential. Contact us for more information and a visit!
Property Features
- 0 bedrooms
- 0 bathrooms
- 220m² Build size
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
-3,000€
Property Purchase Expenses
Property price
0€
Transfer tax 8%
0€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.