Description of property
FREEHOLD - We have just been instructed to bring to market a freehold business close to one of the beaches in Playa de Las Americas, Tenerife. This business was started from nothing by the owner and current members of staff and is now being sold as a going concern. The freehold is being sold and the successful business is being included within the price. This business would be suitable for a young couple to run with the assistance of the staff that are currently in place if required.
The property consists of 2 locals within the same commercial centre, where one is being used to prepare a beautiful array of cakes, cream cakes, scones, pasties, homemade soups and full lunchtime meals and the other local is being used to serve the meals, cakes, cream teas, coffee and alcoholic beverages.
There are 2 terraced areas, one of which has sea views and the other is a covered terrace within the commercial centre. The terraces measure in the region of 140m2 and are fully licensed for food and drink, as is the whole property. The business has all of the required licences to operate and can be produced on request.
The main kitchen area is air-conditioned and has a substantial amount of stainless steel appliances, washing up areas and food preparation areas and also has a take away section where food is served to local office workers. The serving local is well decorated, has a bar with all of the required fridges and drinks serving equipment and coffee machine that would enable the business to run at night as well, serving the clientèle that walk from the hotels during the evening.
Currently the café/restaurant is only open from 9am - 6pm and easily pays the overheads and staff wages and returns the owner a good income, but clearly this business could be developed if the opening hours were extended until 2am, for which the business has the license in place. The owner and manger both inform me that on a Sunday there is very often a queue to get a table at this very popular eatery with people sitting on some steps opposite waiting for a table to become available.
The property is situated in a busy area in Playa de Las Americas and is on one of the main walkways from the hotels to one of the most favoured beaches in the area.
As has been said, all licenses are in place, there are separate male and female toilets, one of which is suitable for wheelchair bound customers. The opening licence allows the business to remain open until 2am and this could very well improve the overall takings of the business if the new owners chose to do so.
A good deal is on offer to any prospective buyer as this is not only an investment in bricks and mortar which may provide a profit in the future, but with this well run and profitable business included an income can be obtained from day one.
Together with the property there is an apartment in Playa Paraiso that can be bought together with the business thus making it an ideal option for a working family moving to Tenerife with an additional discount if bought together.