LUXURY RESTAURANT TO TRANSFER

About the property

Opportunity to transfer (traspaso) a renovated and licensed and functioning quality business in excellent location in Jesus village. It includes a valid Cafeteria / Plato del Dia license, a full luxury  restaurant inventory, and a completely equipped own public 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
                                    in mixed use building : commercial on the groundfloor and
                                    the floor above the restaurant is used by residencial apartements

Surface Interiors         95 m²   Ground floor level 
                                    80 m²   Renovated Restaurant
                                    10 m²   Renovated Kitchen
                                      5 m²   WCs and storage

Surface Outdoors       98 m²  Front Terrace  
                                    Dismountable folding hood above the terrace and around it.

License Status            The business has current and valid “Cafeteria” and “Bar” licenses, which
                                    allows hot and cold kitchen to be served indoors and outdoors  

Capacity License        70 places
                                     14 places  indoors restaurant  
                                       6 places  indoors at the bar                                  
                                    50 places  outside terrace


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               €2.500 per month


RENTAL CONTRACT TAKE-OVER

The premises are all in 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 7 years. There is no terrace right to pay to the Municipality, as the terrace belongs to the real estate.

The monthly rental cost for the new long-term contract paid by 12 monthly payments of €2.500,  €30.000 per year to the property owner,  plus €400 City Taxes per month.   

 INVENTORY  

Complete inventory of restaurant and terrace with 20 tables,  seating for 70 guests.

5 meters main bar with complete set of glasses and fridges, cashier system from 2020, dishwasher,
professional kitchen, fully equipped, fridges and freezer.

One client WC recently refurbished with quality sink and taps - wheelchair accessible.
One storage room.                

DO NOT HESITATE TO CONTACT US FOR A RELAXED VIEWING.