Argentine Restaurant For Lease

Listing ID: 700309139

Listing Title: Argentine Restaurant For Lease

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: Spain

State / Province:


City: Barcelona

Asking Price Range: $500K - $1.0M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 2017

Number of Employees: 4 - 5

Business Description:
The premise, leased to an Argentine restaurant, in Barcelona. The total area is 162 sq.m. The room is in good condition. The restaurant is located in the area of ​​Sant Andreu, in a densely populated area with high traffic. The area of ​​Sant Andreu is located 7 kilometers from the center of Barcelona. The area of ​​the district is 656.5 hectares. The population is 147,000 people. The population density is 761.9 people per hectare. The cost of the property is 450 000 euros. The selling price per square meter of this object is 2 778 euros. The lease contract was concluded in 2017 for 10 years, until 2027. The compulsory execution term is 3 years. The monthly rent is 2,200 euro + VAT, starting from the third year or 13,58 euro per sq.m. per month. According to the lease agreement in the first year, the rent will be 2 000 euros per month, in the second - 2 100 euros per month. The annual rental income is 26,400 euros + VAT. Profitability - 5.77% per annum. Expenses: IBI (paid by the landlord) - 808 euros per year; comunidad - 440 euros per year. The sale price of commercial real estate with similar characteristics in the area where the facility is located is from 1,500 to 3 775 euros per sq.m. The average rental price in the area, according to the fourth quarter of 2017, is 12.70 euros per sq.m. per month. The documents are ready for the deal. Additional information is available upon request.

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