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Commercial Space Supermarket For Lease
Location: Spain -> Barcelona
Industry: Food and Beverage > Grocery and Supermarkets

Business Summary

Commercial space leased supermarket in Condis, Barcelona. The shop is located on the square in the commercial part of the city. The total area of the supermarket is 572.95 sqm, Condis’ largest supermarket chain.

There are departments of products, household chemicals, and household goods. Condis is a family owned company which was founded in 1961 by brothers Condal-Escude. The first opened a small stall in the market El Mercat de la Merce in Barcelona.

In 1980, the first supermarket Condis in the capital of Catalonia, Barcelona has been opened. In 1998, he launched the first products under its own brand Condis. Condis turnover for 2014 amounted to 803 million euros. Condis turnover in 2015 amounted to 810 million euros.

In 2015, the company opened 20 new supermarkets. Currently, Condis has a network of 450 supermarkets, consisting of own and franchise stores in the area and Catalunia Madid, Todelo, Cuenca y Guadalajara, and Barcelona, the second most populous city in Spain, capital of the autonomous region of Catalonia and the province of the same name.

The port on the Mediterranean Sea, 120 km from the French border is the largest industrial and commercial center of Spain. It is one of the most important tourist destinations in the European routes. Barcelona's population is at 1,615,908 people (INE 2008). In the suburbs of the city is home to 3,186,461 people, and the province of Barcelona has 4,928,825 inhabitants. The cost of premises is 800,000 euros.

The lease agreement is concluded in April 1987 to 31/12/2029, the (contract was extended from October 2014). Annual rental income is 45,000 euros plus VAT. The rental yield is 5.6% per annum. The documents are ready to deal. Additional information is available upon request.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1986
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease


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Commercial Space Supermarket For Lease Photo 1

Print Listing Id: 700266948
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