Restaurant for sale on Avenida de Canarias 123, Vecindario
Hospitality Sale

Restaurant for sale on Avenida de Canarias 123, Vecindario

Restauración

vecindario, las palmas

Key Information

Sector

Hospitality

Type

Sale

Employees

5

Established

2004

Size

186 m²

Location

vecindario, las palmas

Financial Information

Annual Revenue

500.000 €

Description

Transfer of established restaurant and central commercial premises due to retirement.

General description
An excellent investment opportunity is offered, including the transfer of a fully operational restaurant business and ownership of the commercial premises. With an uninterrupted 20-year track record in the sector, this establishment enjoys a very high reputation and an invaluable goodwill. It has a loyal and stable clientele that guarantees turnover and profitability from the first day of operation under new ownership.

Technical features and layout
The property has been meticulously designed and adapted for hospitality activities, complying with current regulations. Its main features are:

Indoor dining room: spacious open-plan room of 150 m², with an excellent layout that optimizes capacity and offers a comfortable experience for diners. It includes a wide 7-meter bar.

Outdoor area: private terrace of 10 m², equipped with a high-quality pergola that ensures uninterrupted use regardless of weather conditions.

Work area: high-performance professional kitchen, fully equipped with industrial machinery, 2 cold rooms, approved extraction system, and stainless steel furniture in perfect condition and well maintained.

Location and accessibility
Strategically located in a central area with strong commercial activity. One of its major competitive advantages is the ease of parking nearby, a key factor for customer convenience and a steady flow of new clients.

Legal and tax note (Canary Islands regulations)
Interested parties are informed that the transaction will be managed with full legal transparency. It should be noted that the transfer of the business assets (the transfer of the business as an autonomous economic unit) is not subject to IGIC (Canary Islands General Indirect Tax). The sale of the commercial premises will incur the Property Transfer Tax (ITP) at the general rate applicable in the Canary Islands, or IGIC if the conditions for waiving the exemption apply, in addition to the corresponding notary and registry fees. All documentation, opening licenses, and energy efficiency certificates are up to date and available to the buyer after signing a confidentiality agreement (NDA).

Reason for Selling

Due to retirement

Asking Price

500.000 €

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21/08/2026

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Restaurant for sale on Avenida de Canarias 123, Vecindario

Restauración

vecindario, las palmas

500.000 €

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