Restaurants for sale in Torrevieja

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Great business opportunity

Torrevieja, Alicante, Spain

  • Price: €700,000
Seller Reference: 20-5107
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Business Description
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Seller Reference: 20-5107
Request Details
Business Description
If you are tired of blizzards, arctic freeze, torrential rain and flooding. Do you miss summer and sunny days on the beach? Then, this is your opportunity to do something about it – to live and work all year around in Southeastern Spain.

This restaurant is well established, renown fine dining restaurant in Torrevieja, very popular among British, Scandinavian and north European clients since 1988 (30 years).
Present owners have been running the restaurant for the last 16 years, but due to high age, wants to retire.

The property is situated in a tranquil residential area, occupying the entire ground floor a building approximately 590 m2 including a garage of a 100 m2. The 1st and 2nd floor of the building contains 8 flats each, owned by individuals. Distance to the Mediterranean Sea: 550 m. The city bus has hourly routes between the city center and La Mata, both directions.

The restaurant entails fully equipped kitchen with air condition, extraction ventilator and grease filters – separate restrooms for staff, separate dish washing area. The seating area have 75 chairs divided in two sections, bar with service station, a lounge area, 2 restrooms, office with private bathroom and a store room with separate reception entrance. Terrace capacity: 80 to 100 guests. Connected alarm system, high speed internet access (50 mega bit), fixed phone line, daily garbage removal, connected to public water (meter) and sewer. Good parking.

The restaurant has close proximity to schools, super markets, wholesalers, butchers etc. Distances to airports: El Altet (Alicante) 42 km, Corvera (Murcia) 52 km.

In order to open and run a new business in Spain it is OBLIGATORY to have an opening license in your (or your company) name. With most municipalities in Spain (including Torrevieja), it is not permitted to open a business without having an opening license in place, however, because of the backlog in Orihuela Costa it is possible to open once renovation work has been completed and an opening license application has been made to the town hall, so if you want to open a shop or café-bar and you have done all this you could open the next day.

It then takes at least one month for the town hall inspectors to inspect that all work has been completed according to regulations and the plans submitted. Other types of businesses/uses must comply with a whole range of varying regulations, a café-bar is totally different to a pub, an engineer is essential.

Before signing any contract or paying any deposit it is highly advisable that you employ the services of a qualified engineer or architect. For a small fee of 150€, an engineer will check that the property or properties you are interested in, are fit for purpose. The engineer will advise you what work and paperwork you will need, to obtain an opening license. If all that is needed to obtain an opening license (rarely) is to change the name, then the cost will be 350€. Normally an electrical project and opening license project will cost about 1,600€ however most engineers will deduct the original 150€ from this price. Payments are subject to 21% IVA (reclaimable).

We are happy to give you the contact details of an English speaking, well experienced engineer who has specialised in dealing with the town halls in this area (Orihuela Costa, Torrevieja, Torre and Pilar del la Horadada).

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