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Premise for Sale in Arona (Tenerife)  -  Ref.: 0067-04578

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Premise for Sale in Arona

Price

990,000 €

Metro 2 Built3,300 €

Area

Built300 m2

Area: Arona

  • 3 Bathrooms
  • In Good Condition

description

Fantastic opportunity to acquire this fully operational, high-performing restaurant and bar in Arona, in southern Tenerife! If you are a hospitality business owner, self-employed entrepreneur, or investor looking for an established business with high profitability and an excellent brand presence, this is your opportunity. The restaurant has 300 m2 of space, 150 m2 of which are owned and another 150 m2 of which are rented. It holds a valid 'Bar-Cafeteria/Pizzeria' license (open from 8:30 am to 11:00 pm), is open approximately 312 days a year, and has a well-defined staff structure: 18 employees—allowing for efficient and professional operation from day one. Robust economic performance: Estimated average daily revenue: €4,500/day Profit margin: ≈ 12% Labor costs: 33% of revenue Excellent online presence and reputation: On TripAdvisor, it boasts a 4.5/5 rating based on dozens of reviews. Its strong reputation on TripAdvisor and active social media presence ensure visibility among tourists and residents. The restaurant is being transferred fully operational, with staff, infrastructure, established location, online reputation, and a history of stable activity and revenue. Ideal for investors looking to start without additional investment. The reason for the sale and transfer is the owner's relocation to another country. A real opportunity to acquire a well-established business with stable income and exceptional growth potential. For more information or to schedule a visit, please do not hesitate to contact us. This property is being offered under a comprehensive sales management agreement. We are members of ACEGI (Canary Islands Association of Real Estate Management Companies) and collaborate with any real estate agency or advisor that has a buyer client. This information is for guidance only and has no contractual value. Taxes and transfer fees are not included.

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