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Established Hostel, Bar & Restaurant In North Italy For Sale

Calendasco, Piacenza, Italy
Asking Price:
€2,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

HOSTEL,BAR & RESTAURANT, 12 bedrooms, 45 beds in private grounds with ample parking, strategically located close to main motorway exits. International and Pilgrim Trail clientele. Currently seasonal April-Oct but all year round feasible.
Reason for sale: Owners retiring.
Facilities comprise:
Main Hostel building on 4 floors plus basement (730 sqm): Reception, large lounge, disabled bathroom, 5 ensuite rooms, 2 rooms with private external bathrooms, 5 rooms with shared bathrooms, large linen/utility room, airy and spacious private staff accommodation suite, large portico, terraces.
Bar/restaurant/kitchen building on 2 floors plus basement (290 sqm). On the ground floor: a fully equipped kitchen, bar seating 25 comfortably with al fresco dining for 50; in the basement: a wine cellar, large utility/storage room, toilets, staff bathroom and delivery access ; on the first floor: private self-contained accommodation comprising lounge, hallway, bedroom, bathroom and kitchen; balconies and terrace.
Wi-fi throughout.
Mature gardens to front and rear (450 sqm); parking for 10 cars (230 sqm). Further parking available at the front of the property.Total area of plot is 1,050 sqm.
Sale to include all fixtures, fittings, furniture and linen.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The appartment is located on the first floor of building B, the bar/ kitchen/restaurant complex. It can be accessed from the bar area or independently via a private gate and stairway leading onto the sun terrace. It comprises a hallway, lounge, bedroom, small loft, utility area, bathroom and kitchen. Balconies surround the appartment.

Location:

The complex, comprising two detached properties set in mature gardens, is on the main thoroughfare of a quiet village with open aspects to the rear and just 5km away from main motorway junctions. The majestic river Po, handy for fishing and boating, is a short hike away. Sports facilities including an open air swimming venue, gym, football and tennis courts are a 5 minute walk away from the Hostel.
The village itself has a mini-market, pharmacy, doctor and dentist's surgeries, Council building, church, elementary and middle school, XIII century castle, buildings of historic interest and is served by the local bus company.

Premises Details:

The lot is 1050 square metres and includes: main hostel building with large portico, bar and restaurant building (barn conversion), stage, orchard/vegetable garden, mature gardens to front and rear, landscaped seating areas and ample parking.

Size in square feet:
11,300 square feet
Planning Consent:

The property is architect designed and all planning permissions granted, the renovation having taken place between 2005 and 2008.

Business Operation

Expansion Potential:

The potential for expansion is considerable as there are two more properties, one directly in front and one adjacent, totalling some 250 square metres, which could be easily converted into annexes/staff accommodation. Although not included in this sale, purchase may be negotiated in addition.
Since business from the Francigena Pilgrim Trail from Canterbury to Rome increases year on year, the more bed spaces available, the better.

Competition / Market:

There are two smaller B&Bs within a 3km range, with different client profiles, however. The Hostel has always attracted Northern European families and groups thanks to its larger 5/6 bed rooms. Furthermore, our B&B colleagues do not possess the linguistic skills to host international clientele: being able to communicate effectively in English is a distinct advantage.

Reasons for selling:

Retirement - the vendors are aged 68 and 65 respectively.

Trading hours:

From 07:30 to 22:00.

Employees:
5 family members plus one cleaner and one bar/ kitchen help
Years established:
11

Other Information

Support & training:

The vendors are willing to induct the purchasers for a period of one calendar month.

Furniture / Fixtures value:
€160,000 - included in the asking price
Inventory / Stock value:
€3,000 - included in the asking price
Website:
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Related Documents:
Home based:
This business can be run from home.

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