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The Current Hotel With Restaurant & Bar
Location: France -> Nice
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

The current hotel, with a restaurant and bar, on the French Riviera, near Nice.
The hotel was acquired by the current owners in 2007, when it belonged to the family of English origin. Basically the hotel and had English clientele who prefer the warmer seasons. Consists of two buildings located on a large plot, divided by the garden and Parking area. The main three-storey building is located facing to the sea and beaches. The second building is a small two-storey Villa. The total area of two buildings is about 900 sq.m. The hotel has 26 rooms.

In 2009, he was made a full refurbishment of the restaurant and bar, with a total area of 150 sq.m, which were practically rebuilt; and renovated roof of both buildings. In 2010 was repaired facade of the main building, and in 2011 - the facade of the Villa. The new leadership, after purchasing license bar IV' (on the sale of alcohol), changed the furnishings in the rooms, restored common areas, completely changed the bar and installed air conditioning in the rooms and halls of the first floor. Also changed the name of the hotel.

Excellent location in a small town, beaches just 15 metres: just go to the other side of the sidewalk. Nice is at a distance of about 3 km, Antibes is 6 km to the Nearest airport in Nice.

In the area surrounding this hotel, thriving Commerce. The hotel was taken to the office in 2009. The governing body consists of four persons who are members of the same family. The annual amount received from the lease of 72 000 euros. the cost of the hotel is 2 500 000 Euro.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2007
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

Photos

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The Current Hotel With Restaurant & Bar Photo 1




Print Listing Id: 700220995
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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