West Coast – restaurants and bars

PROPERTY CODE: CR010101
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1.287.000 €
  • 1.070 PRICE PER M2
Property info

Amenities

  • Beachfront
  • Seaview
  • Furnished
  • Terrace
PROPERTY DESCRIPTION

Restaurants and bars on the West Coast Promenade in Split

We offer an opportunity for investors in the hospitality business on the waterfront promenade of the fast-growing tourist city of Split.

Rights and contracts to the entire Hospitality offer on the West Coast of the Split City Center are on sale.

The offer consists of a long-term lease of 3 bars and restaurants, all very famous and well known by both locals and tourists, along 1.000 meters long promenade. All lease contracts last for the minimum of next 15 years (until the year 2033).

All restaurants were built brand new and opened their doors to customers in the year 2013. Restaurants occupy the area around 1200 square meters with a maximum capacity of almost 700 seating places.

Over 1.5 million euro in total invested in equipment and restaurants in the period of 2013-2017.

Micro-location monopoly – According to City Plan, there are no other bars/restaurants/clubs on the West Coast Promenade.

Fully operational and profitable company with no hidden expenses. Great potential for future development.

Easy transfer of ownership within 24 hours, with no delay to daily operations. Below market price rent fees.

Location with great potential. The entire West Coast of Port of the Split project completely renewed in 2013. It is a 1.000 meters long stone promenade connected directly to old Riva and is a part of the City center, a few minutes away from Diocletian’s Palace.

West Coast is located in Centre of Split, with large tourism growth and future potential. There are two 5-star hotels under construction and fully operated ACI Marina Port for nautical tourism on the West Coast. Entire coast serves as a Port for Mega-yachts.

West Coast has all new infrastructure from the promenade to the roads. Very accessible both on foot, by car, and public transport.

The location is already profiled as elite part of the town. It is widely accepted by both locals and tourists and is a favorite place for long walks, city exploration, panoramic view and of course for its gastronomy offer.
There is a possibility of purchasing each restaurant/bar separately or the entire business as a whole for the following prices:

F marine (70 m2 of indoor space, 184 m2 of outdoor space in winter and 368 m2 of outdoor space in summer) – 560.000 EUR
F Maduro (65 m2 of indoor space, 84 m2 of outdoor space in winter and 168 m2 of outdoor space in summer) – 293.000 EUR
F de mar (114 m2 of indoor space, 214 m2 of outdoor space in winter and 428 m2 of outdoor space in summer) – 434,000 EUR

Entire business (3 restaurants/bars) – 1.287.000 EUR

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