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We are pleased to present a remarkable opportunity to acquire a well-established restaurant through a business transfer ("Traspaso")
Algorfa, Alicante, Spain
REF: 955704
€59,995
Description
We are pleased to present a remarkable opportunity to acquire a well-established restaurant through a business transfer ("Traspaso"). Please note that the listed purchase price pertains solely to the business transfer and does not include ownership of the building, which is subject to a monthly rental agreement with the landlord.This thriving establishment spans two units and boasts a loyal customer base, positioning it as an excellent investment within the catering and hospitality sector in the bustling commercial area of La Finca, Algorfa.The sale encompasses all furniture, fixtures, fittings, and existing stock, ensuring a seamless transition for the new owner. The restaurant features two fully equipped kitchens, a spacious dining area, and a beautifully designed outdoor covered terrace that offers stunning views. Additionally, the premises have recently undergone renovations, including modernized restrooms and a fully stocked bar. A substantial storage area further enhances the operational capabilities of the business.The current proprietors have cultivated a stellar reputation for exceptional food quality and service. Regular live music events have proven to be highly popular among both local residents and visitors, contributing to the restaurant's vibrant atmosphere. The location benefits from proximity to various bars, shops, and businesses within the La Finca commercial center, enhancing foot traffic and visibility.A structured handover plan will be provided to prospective buyers, highlighting the potential for further business development and growth.For inquiries or to schedule a viewing at your earliest convenience, please do not hesitate to contact our team.
We are pleased to present a remarkable opportunity to acquire a well-established restaurant through a business transfer ("Traspaso"). Please note that the listed purchase price pertains solely to the business transfer and does not include ownership of the building, which is subject to a monthly rental agreement with the landlord.This thriving establishment spans two units and boasts a loyal customer base, positioning it as an excellent investment within the catering and hospitality sector in the bustling commercial area of La Finca, Algorfa.The sale encompasses all furniture, fixtures, fittings, and existing stock, ensuring a seamless transition for the new owner. The restaurant features two fully equipped kitchens, a spacious dining area, and a beautifully designed outdoor covered terrace that offers stunning views. Additionally, the premises have recently undergone renovations, including modernized restrooms and a fully stocked bar. A substantial storage area further enhances the operational capabilities of the business.The current proprietors have cultivated a stellar reputation for exceptional food quality and service. Regular live music events have proven to be highly popular among both local residents and visitors, contributing to the restaurant's vibrant atmosphere. The location benefits from proximity to various bars, shops, and businesses within the La Finca commercial center, enhancing foot traffic and visibility.A structured handover plan will be provided to prospective buyers, highlighting the potential for further business development and growth.For inquiries or to schedule a viewing at your earliest convenience, please do not hesitate to contact our team.
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Currency Exchange
Algorfa, Alicante, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €59,995 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €59,995 | £49,430 | £52,081 | £2,651 |
| Property Price € | €59,995 |
| Minimum cost in the last six months | £49,430 |
| Maximum cost in the last six months | £52,081 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,651 |
Algorfa, Alicante, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €59,995 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €59,995 | £49,430 | £52,081 | £2,651 |
| Property Price € | €59,995 |
| Minimum cost in the last six months | £49,430 |
| Maximum cost in the last six months | £52,081 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,651 |
The exchange rate on the day you make an offer on your property in Spain will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £2,651 more.
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