Apartment Hotel B & B
Location Portugal
Asking Price Range $500K - $1.0M
Gross Revenues $70000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training As required.
Reason for Sale Bad health
Description A rare opportunity to buy a Business and have a unique life style in the sun in the much sought after rural eastern Algarve Portugal. This property consists of a renovated traditional Quinta (Farmhouse) that is now used as the owner's residents. Attached to the Quinta are six large full furnished and equipped self catering apartments and a maids apartment. Could be converted into a thirteen bedroom B&B.
There is a large swimming pool with big sun terrace, a BBQ area with tables and seating, a double garage and gardens. 12000 sqm of ground.
Price 850,000 Euro. Gross Revenue approx 70,000 Euro. 95% of living costs covered by company. Organized as a limited company. Saves 6,5% tax when buying. Email or call 00351289794400 for more information on this business for sale.
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