Nice boutique hotel concept with 25 rooms located 10 minutes walk from the beach and 1Km from the center of the historic city of Lagos (XV), 6 km from the golf courses, 15 km from the Autodromo do Algarve and 40 minutes from Faro International Airport
- Asking Price:
- €4,600,000
- Sales Revenue:
- €500K - €1M
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Real Property Included
- Living Accommodation:
-
All furniture, equipments, decoration and goodwill is included.
- Location:
-
Located 10 min. walk from the beach in Lagos - Algarve
5 min away from the traditional and historic city of Lagos.
40 min. drive from the international Faro Airport.
- Premises Details:
-
Excellent property spread over three adjacent large villas built in 2010, 2016, 2020.
All suits are fully equipped and well decorated with beautiful gardens, restaurant, bar, pool, conference room, etc..
- Size in square feet:
- land - 3400 sqm ; buildings - 1400 sqm
Business Operation
- Expansion Potential:
-
can not !
- Competition / Market:
-
Very close to the best resorts in the Algarve.
White sand beaches.
Historic town, restauranst, abrs, golf courses, etc.
- Reasons for selling:
-
Owners retirement
- Trading hours:
-
Only open betwen April and october (7 months per year) - Decision by the owner
The hotel license allows it to open all year round.
- Employees:
- 5
- Years established:
- 12 years
Other Information
- Financing available:
-
Not by the owner, possible by the Portuguese Bank.
Needs min. 40% investor own founds.
- Relocatable:
- This business can be relocated.
