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Business For Sale. Apartments, Aparthotel

LISTING DETAILS
Firms For Sale ID:
25350
Vendor reference:
SP6043F
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
€1,550,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
This hotel comprises eight apartments in an ancient building located at the historical city center of Cadiz. The building was completely refurbished and nicely decorated for its opening three years ago.

The level of occupancy has grown at a 30% rate yearly and currently reaches 40% per year (100% in Summer Season). Its prices, location and category are intended for a targeted medium-high level customer. It costs' structure is very light, which enables adaptability in peak and low seasons.