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€308,000 · Restaurant For Sale in Los Gigantes

Freehold Restaurant For Sale<< Back

Reference:186Business Type:Restaurant
Location:Los GigantesPrice:€308,000 (approx £222,988)
Ownership:FreeholdMonthly Rent:
Status:For Sale

Genuine opportunity to buy a successful restaurant with a 42-years history in the centre of Los Gigantes – a picturesque tourist town in the south-west of Tenerife. The restaurant is offered for sale freehold including all fixtures, machinery and an incredible amount of goodwill!

During its amazing history of 42 years this restaurant changed hands only twice and current owners have been successfully running it since 22 years. The business and the property came on the market only due to health and age reasons of current owners, as both are past the retirement age.  

The restaurant premises spread over 2 floors. Ground floor consists of a kitchen, a bar and a dining area, seating 42. The stairs will lead you down to another very spacious floor where you will find guest toilets, another spacious dining area seating 38, a separate bar and a large storage area including a wine cellar.  This floor could be converted into a cosy and stylish lounge and cocktail bar or just used as a separate dining floor which would be also ideal for private parties and special events. Furthermore, there is a sun and wind protected outside terrace seating additional 20.

The restaurant possesses all required licenses and is well-known in town for its quality, consistency and warm atmosphere. With its amazing history of success this business now needs a pair of new and energetic hands ready to take this restaurant onto a next level!

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