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Successful Restaurant And Hotel For Sale

Location  Bulgaria
Asking Price Range  $500K - $1.0M
Gross Revenues  $180000
Net Profit / Cash Flow  $270000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2002
Number of Employees  6 - 9
Relocatable  No
Number of Employees  6 - 9
Real Estate  Owned
Description  Hotel restaurant for sale in the heart of Bulgaria. The property is located in the heart of Stara Planina Mountain, in a quiet village. It has an easy access as it lies on a main international road that connects northern and southern Bulgaria. The village is 47 km from the tourist town of Veliko Tarnovo, 12 km from the nearest town of Gurkovo and 150 km to the sea. There are two separate buildings - a working restaurant and a hotel on a plot of 6,000 sq.m. The restaurant is in perfect condition and is very famous with the travellers as it is the best stop for rest on this mountain road. Its area is 360 sq.m. and consists of a fully equipped kitchen (100 sq.m.), 3 rooms which are living area for the staff and a restaurant area that sits 70 people. All the kitchen equipment is included in the sale. In front, there is patio area with a little garden that sits 40 more clients. There are two souvenir shops each on one side of the restaurant. The hotel is on two floors with total 220 sq.m. living area and consists of 6 spacious rooms and several storage rooms. The building is older and has been renovated; it has new local heating and piping. A great advantage of the property is its large parking area of 1,200 sq.m. which has been paved. The property has all the utilities: electricity, local heating, its own water source, sewage, cable TV and the buildings are solid brick built. The interesting sights around include two caves, numerous paths for walks in the surrounding forests and a river. The area is also rich in game and a preferred place for hunting. At only 3 km from the property there is well known hamlet for rural tourism, which boasts on preserving the original spirit of the Bulgarian village from a century ago. This offer present excellent investment opportunity in the eco & rural tourism, which is gaining recognition in Bulgaria. Price; 520 000 euro. Garden: 6,000 sq.m. Email or call owner, Antoniya Angova, phone (359) 884183832.
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