Fast food / Ice Cream for sale in Benalmadena
Freehold Fish & Chip Restaurant offered at well below market value to invite a quick sale. This Fish and Chip Restaurant is one of the oldest established in this part of the Costa del Sol, it has traded successfully under the same name and by the same tenant for 18 years, unfortunately due to bereavement the business is to much for the remaining lady tenant to operate. The owners of the property, in agreement with the tenant, are offering the freehold together with the business and equipment as a going concern at a bargain price, there is also the option to buy the equipment and business separately and rent the property for a period of up to 3 years with a fixed price ‘first option to purchase’ clause, please see options at end of description.
The property does hold a Restaurant category license so for those that want to buy a freehold unit but not operate a Fish & Chip restaurant then the style of cuisine and operation could be easily changed to suit requirements. The business continues to trade but at a much reduced level of commitment than in previous times and on limited opening hours. A new owner or partnership could look forward to bringing the business and profits back to those seen in the businesses hey day.
The interior is set out in a traditional Fish & Chip restaurant style with long serving counter containing underlying chiller units. Behind the counter is the heart of the operation, an iconic 3 phase, 3 pan Preston & Thomas fryer range with pie warmers which is maintained in good working order. Seating for around 24 customers on upholstered booth seating continues the interiors traditional styling.
At the front of the property a terrace area provides further seating for approximately 30 more customers, this area is rented from the local community for just 42 euros per month. The terrace has a fully enclosable canopy, as this area receives lots of sunshine it also offers customers welcome shade as well as acting as an extension to the interior space.
The business is in the best location to capitalise on this type of activity, situated on the entrance to probably Benalmadenas most popular squares which is well known for its night time entertainment, surrounded by thousands of holiday let apartments which remain busy even during the winter period combined with all the expat residents who love their Fish & Chips, there is never a shortage of potential customers. The business also has the added benefit of being the only real Fish & Chip shop in the vicinity.
There is a separate preparation room accessed from behind the counter, this area is air-conditioned and contains a sink unit, water heater, microwaves and dishwasher, there is also a large chest freezer, upright freezer and fridge unit.
The property does need a little decoration and TLC to bring it back to its former glory but that fact is most definitely reflected in the price which in comparison is similar to some leasehold values! Making this a sound investment either for an owner operator or an investment purchase to lease out and enjoy a healthy rental yield for years to come. We are sure at this mega bargain price interest will be high so we recommend an early viewing. We at KS Costa Estates are in the best possible position to negotiate you the best possible deal on this particular sale so please contact us if you require further details and to arrange a personal viewing.
Option 1: Outright freehold purchase price including equipment, fixtures and fittings, with vacant possession - 99,950€.
Option 2: A 3 years rental of the property including the purchase of the equipment, fixtures and fittings – 26,950€ with monthly rent of 800€.
Please note that option 2 includes a ‘first option to purchase’ at the freehold price shown for a period of 2 years. The full price for option 2 could be deducted from the freehold price for a period to be negotiated.