Description

Successful hotel and popular restaurant Large city in central western Germany Complete price with land and property: €1.4 million. Very good profitability. Seller financing possible. For sale is a successful hotel and a popular restaurant located in a well-known large city in central western Germany. The sale includes everything: business, property, and land. The sale is not urgent or forced. The hotel is situated on a 1,500 m² plot. In 2011, the owner invested in updating and modernizing the hotel. The facade of the building was fully renovated, and the restaurant and hotel rooms were refurbished. The roof was replaced and solar panels were installed. The entire property is in excellent condition. The hotel has 2 single rooms and 11 double rooms. All rooms are equipped with a shower, WC, cable TV, refrigerator, radio, telephone, and hairdryer. The average room rate is €70-80 per night. The hotel's occupancy rate is 87%. It is popular among city visitors, business travelers, and clients of local medical institutions, with many guests from Eastern Europe and CIS countries. There is potential to expand the hotel with an additional 10 rooms. The restaurant, which seats 35, has a distinctive style and refined recipes. It is known for excellent service and good cuisine and is very popular. The current owner has managed this property for 20 years. During this time, the hotel and restaurant have built a strong positive reputation and a broad base of regular clients. The average annual turnover is €600,000. Profitability from turnover exceeds 25%. The hotel and restaurant are fully staffed with 9 qualified employees. After the sale, the entire staff is willing to continue working for the new owner. If desired, the seller can continue working as a manager for an agreed period. The seller is prepared to offer financing to the buyer. The initial payment should be approximately €900,000 – 1.0 million. Financing terms will be discussed directly between the parties after the buyer visits the property. The buyer and their family members can obtain residence permits in Germany.