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Long Running Ceramic Shop In Santa Ponsa For Sale

Santa Ponsa, Mallorca, Spain
Freehold Price:
€350,000
Lease Asking Price:
€90,000
Sales Revenue:
€100K - €250K
Cash Flow:
€50K - €100K

This is a long-running family owned business that has had solid trade for the last 23 years The Business is available as Freehold or to Lease from the current owner with a lease for up to 10 years The shop carries a wide range of high-quality Cermanics that are sourced from around Spain and is popular with Tourists and Residents with a 12 months trade Summer hours are around 10am-8pm (April-Oct) the Winter months the business is open from around 10am-4pm and attracts regular trade The owner of the business is happy to help train and a potential buyer for around 4 weeks and of course introduce to a wide variety of suppliers across Spain With the current Gentrification happening in Santa Ponsa attracting a more high-end clientele there is big potential to increase this business with a wider range of high-end goods It's a long she local with a big terrace under a large awning The shop is very clean with a small stock room Great business for those looking for a long-running retail business with a steady trade

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

10 years

Leasehold Rent:

€1,000 per annum

Location:

The location is a busy street in Santa Ponsa

Premises Details:

Its a large shit unit with big terrace

Business Operation

Expansion Potential:

Yes

Competition / Market:

Its the only Ceramic shop in the area

Reasons for selling:

The owners are nearing retirement age

Trading hours:

Summer 10am-9pm
Winter 10am - 4pm

Employees:
Husband and Wife Team
Years established:
23

Other Information

Support & training:

1 month training by existing owner

Furniture / Fixtures value:
€10,000
Inventory / Stock value:
€90,000
Leasehold asking price:
€90,000

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