This Tenerife Restaurant For Sale is in Puerto Colon marina , one of the most popular tourist hot spots on the island. Businesses for sale in the marina do not come up for sale often, due to the high number of visitors to the immediate vicinity.
The restaurant is doing very well and enjoys very high foot traffic.
The property has recently been completely renovated throughout meaning minimal additional spend (if any) for a new owner.
The restaurant is an “Italian” restaurant (an “evergreen” business) and the existing staff are keen to continue working. Therefore any new owner could be ´hands off´ if they wished, as the business could continue with or without much time and effort.
Acquiring a Tenerife restaurant for sale in such an incredible location and of such a large size (98sq,m inside PLUS terrace) would normally cost a great deal more than the surprisingly low asking price of just €37000 …
Indeed, we as agents were wondering what the catch was! … suffice to say there is a genuine good reason for sale and judging by the demand for ready-to-go businesses in this area, the low price and the excellent reputation of the restaurant, we expect the business to sell quickly.
Summary: Thriving business for sale in Puerto Colon Tenerife at a low price, turnkey business (just step in and continue trading with no steep learning curve). Community fees only €100 per month with water included, premises is €1500 per month.