LUXURY RESTAURANT TO TRANSFER IN JESUS NEAR IBIZA TOWN

About the property

Opportunity to transfer (traspaso) a renovated and 100% licensed functioning quality business in excellent location in the aera Jesus. It includes a valid restaurant license, full inventory, and an equipped own street terrace.

This is a restaurant with good reputation in a place of constant volume of cars and pedestrian traffic. 

This is a transfer of commercial activity (traspaso) of a long-term rental contract with inventory, this offer is NOT a purchase of the real estate.

Location                      In Jesus Village, 2 km away from Ibiza City
                                    The building is very well kept
                                    the floor above the restaurant is used as an office (no disturbance)

Surface Interiors         153m²  Ground floor level 
                                    120m²  Renovated Restaurant
                                    18m²     Renovated Kitchen
                                    15m²    WCs and storage

Surface Outdoors       50m²   Front Terrace  
                                    New electric folding hood above the terrace and around it.

License Status            The business has current and valid “Restaurant” and “Bar” licenses

Capacity License        76 places
                                    48 places  indoors restaurant  
                                    22 places  outside terrace
                                      6 places  at the Bar

Due Diligence             Documentation and contracts are disclosed in a due diligence process after  
                                    having received a Letter of Intent LOI matching the seller´s expectations.

Transfer Cost             One-time payment at signature of new rental contract of €250.000

Rental Costs               €2.750  per month, €33.000 per year 

NEW RENTAL CONTRACT
The premises are all in only one rental contract, signed directly with the real estate owner.  

The new rental contract can be signed the day of the transfer by the new operator for a period of 10 years. There is no terrace right to rent from the Municipality.

The monthly rental cost for the new long-term contract is 2.750 € to the Property Owner
Rental is on 12 months, this means a yearly rent €33.000.

                       
INVENTORY  
Complete inventory of restaurant and terrace with 30 tables,  seating for 80 guests.
5 meter main bar with complete set of glasses and fridges, cashier system from 2018, dishwasher,
Modern professional kitchen, fully equipped, fridges and freezer
Two clients WCs recently refurbished with quality sinks and taps - wheelchair accessible.
2 storage rooms.