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Booming Top Restaurant In Sunny Fuerteventura Canary Islands For Sale

Corralejo, Fuerteventura
Asking Price:
€450,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Tuxedos is known as the ‘fine dining and gourmet ’ restaurant in Corralejo, the most busy touristic town in the north of Fuerteventura, Canary Islands.
The restaurant opened in 2014 and achieved the status of one of the best restaurants on the island as one can google (Tripadvisor - Facebook - Google maps ).
The business is running on 9 staff members and supervised by the owners.
Due to its ‘highly recommended’ reputation the restaurant works on regular guests and of course on tourism, the whole year around. The multiple comments and pictures on the internet uploaded by guests, show the real business in full expansion.
This is a unique opportunity for serious people, looking for a serious income and a life style change living in the sun !
Lease: 3750 / month.

Property information

Real Estate:

Lease

Lease Terms:

lease contract of 10 years till November 2024

Leasehold Rent:

€45,000 per annum

Living Accommodation:

The owners can provide living accommodation in terms of renting and even buying a house/villa.

Location:

Tuxedos is located on the main strip of Corralejo, in the north of Fuerteventura, Canary Islands
The restaurant has a prime high street location surrounded by famous brands such as Burger King, Springfield, Woman secret and is located on the top of ZARA in the shopping Center of Las Palmeras.

Premises Details:

The restaurant is located in Las Palmeras shopping mall at the front line on the high street with approx. 40 Lm facing shops and Burger King !
Indoor 80 seats and outdoor 40 seats - the complete restaurant has automatic retractable roofs for the ultimate 'dining under the stars' experience !

Size in square feet:
375 square meters

Business Operation

Expansion Potential:

Commercialization of the Tuxedos name or franchising the concept is still an open opportunity for future expansion. Expansion of the premises itself are certainly negotiable.

Competition / Market:

In the level of 'fine dining' and 'gourmet' there are no competitive businesses around ... Tuxedos is an international restaurant with refined home cooking style food served in a classy and comfortable atmosphere with eye for details and personalized service, this unique concept makes this restaurant different and upscale.

Reasons for selling:

focus on other business opportunities

Trading hours:

Monday to Sunday from 10:00 am till 01:00 am
Kitchen opening hours from 10:00 am till 6 pm for breakfast, lunch, snacks, ice creams, cocktails,...
From 6 pm we only serve dinner ' a la carte ' and cocktails, wines, champaign in the Chill Out Lounge and outside terrace

Employees:
9
Years established:
2014

Other Information

Support & training:

As we live on the island, we stay available for any help, support and training needed.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

negotiable

Furniture / Fixtures value:
€277,500 - included in the asking price
Inventory / Stock value:
€10,000 - included in the asking price
Website:
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Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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