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Fantastic opportunity to acquire this thriving business! This well established restaurant and bar with long standing customers is offering an excellent business opportunity within catering and hospitality in the heart of the vibrant commercial area of Villamartin
Villamartin, Alicante, Spain
REF: 985365
€135,000
Description
Fantastic opportunity to acquire this thriving business! This well established restaurant and bar with long standing customers is offering an excellent business opportunity within catering and hospitality in the heart of the vibrant commercial area of Villamartin.The business sale includes all furniture fixtures and fittings as well as existing stock. The business comes with a fully equipped kitchen, white goods and added storeroom.This popular bar & restaurant has successfully operated for over the past 10 years and it is in a great location with excellent seating areas for up to 130 seats both indoor as well as the large sunny outdoor terraces. The current owners have built an excellent reputation for quality of food and service with with ever popular Sunday lunch and varied menu proving very popular for both local residents as well as visitors to the area. The bar hosts regular entertainment, a pool league, golf society as well as private functions- Located close to numerous other bars, shops and businesses near to the Villamartin central area. The purchase price is for the business transfer only or Traspaso (not ownership of the building which attracts a monthly rental to the landlord). A structured handover plan is available for the prospective buyers and great potential to develop the business further. ** Viewings strictly by appointment only ** Contact our team today for further information
Fantastic opportunity to acquire this thriving business! This well established restaurant and bar with long standing customers is offering an excellent business opportunity within catering and hospitality in the heart of the vibrant commercial area of Villamartin.The business sale includes all furniture fixtures and fittings as well as existing stock. The business comes with a fully equipped kitchen, white goods and added storeroom.This popular bar & restaurant has successfully operated for over the past 10 years and it is in a great location with excellent seating areas for up to 130 seats both indoor as well as the large sunny outdoor terraces. The current owners have built an excellent reputation for quality of food and service with with ever popular Sunday lunch and varied menu proving very popular for both local residents as well as visitors to the area. The bar hosts regular entertainment, a pool league, golf society as well as private functions- Located close to numerous other bars, shops and businesses near to the Villamartin central area. The purchase price is for the business transfer only or Traspaso (not ownership of the building which attracts a monthly rental to the landlord). A structured handover plan is available for the prospective buyers and great potential to develop the business further. ** Viewings strictly by appointment only ** Contact our team today for further information
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Currency Exchange
Villamartin, 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,424 | £117,192 | £5,769 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,424 |
| Maximum cost in the last six months | £117,192 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,769 |
Villamartin, 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,424 | £117,192 | £5,769 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,424 |
| Maximum cost in the last six months | £117,192 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,769 |
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 £5,769 more.
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