Hotel Restaurant In Black Sea Resort Of Lozenetz Bulgaria For Sale

Business description

A fantastic opportunity not to be missed to become the new owner of a 1574 sq.m hotel located close to stunning beaches

Location

The hotel location is at the Black Sea resort of Lozenetz, in Bulgaria, Europe.
The hotel can be found in the South West corner of the resort in quiet surroundings away from noisy beach bars yet just 300m from the stunning beaches.

The popular resort offers one large beach and one smaller one together with a few more 'wild' (no life-guard) beaches near by, all within approximately 10 minutes walk from the hotel. A surfing school, jet-ski hire, offroad and extreme sports and many other beach related activities are also readily available.

The Hotel

A very attractive building which was a professional new-build completed in 2009 consisting of 1574 sq.m. (1458 sq.m. living/working space + 116 sq.m. in balconies) There is 420 sq.m. of land on which the hotel swimming pool, children's pool and outside Summer bar is placed, together with ample sun-bathing areas.

Each room has an entrance hall, at least one balcony, air-conditioning, private bathroom or shower room, a color tv linked to Cable (65+ channels), LAN internet, a refridgerator and is furnished to a high standard. (All furnishings are included in the sale). An elevator as well as staircase connects all five floors.

Ground floor: 185 sq.m. - restaurant (with kitchen, storage room, washing room). Entrance to the restaurant from the street and also from the pool area at the rear of the hotel, enables the ability to have food served while seated around the stunning pool and increase the covers capacity.

The restaurant itself has covers for 50 people and is 73.5 sq.m in size. (Although the furniture for the restaurant has been purchased and is included in the sale, approximately a further $25k would need to be spent in kitchen equipment and completion of the floor area.)

Next to the restaurant there is a small apartment, useful for owners occupation if required.

1st floor: 1st floor: 271 sq.m.
Reception
5 double bedrooms
2 bedrooms for 3 people
2 service/storage rooms

2nd floor: 271 sq.m.
5 double bedrooms
2 bedrooms for 3 people
2 service/storage rooms
one room for personal use (2 people)

3rd floor: 271 sq.m.
6 double bedrooms
1 bedroom for 3 people
3 service/storage rooms
one room for personal use (2 people)

4th floor: 255 sq.m.
1 single bedroom
3 double bedrooms
Studio (for up to 4 people)
Room for personal (2+1 people)
WC on this floor for panorama bar on 5th floor

5th floor: 205 sq.m.
Apartment 77 sq.m. for up to 6 people consisting of 1 master bedroom, 1 bedroom, living room, kitchen & dining room, bathroom and 3 big balconies
1 bedroom for personal use
Panorama bar (41 sq.m., not equipped or functioning yet - approximate cost to complete $10k)

The hotel is functional and receiving guests although not yet at full-capacity.

THE BUSINESS
The hotel can be used as it is or with a small investment in completion of the restaurant and a few other small details like completion of the Panorama bar.

With the capacity for accomodating 60+ tourists it has the capability to turnover $2700 per day (at $45 a day per person). This could be achieved easily with a major tour operator contract for the Summer season.

PRICE
Price of hotel/restaurant with all equipment and the land is 1 000 000 US dollars or 675 000 Euros

Property information

Real Estate:

Real Property Included

Location:

Bulgaria, European Union, Europe. Black Sea resort Lozenetz, south from Bourgas. Next to Kiten and Primorsko.

Size in square feet:

1574 sq.m. hotel + 420 sq.m. land

Other information

Expansion potential:

Land next to hotel is available. Can be bought if interest and expand with separate car parking directly from highway.

Competition / Market:

Lozenetz is expanding sea resort, attractive for more and more people. There are many houses, but they can't offer such quality as our hotel (like internet, air-condition and etc.). There are also few more hotels and restaurants.

Trading hours:

Hotel is busy at summer season, but can be used full time.

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