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100k Opportunity Rooms With Restaurant In The Pyrenees For Sale

Olette, Pyrénées-Orientales
Asking Price:
€298,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Until 2007 La Fontaine was a hotel restaurant with £100k plus turnover. We have traded as a 5 room B & B since we took over, but there is enormous potential for a dynamic team, who wish to operate a restaurant with rooms. The professional kitchen with the extensive refrigeration, wash-up area, personnel quarters, pantries etc are equipped to start cooking. As well as the rooms we have a client dining room / lounge, terraces, a balcony, car park and garden. To be developed there is a restaurant/café downstairs, an enormous barn and walk-in cellars. We have 4 rooms on the 3rd floor and a private lounge on the 1st floor. In total there is a massive 780m² of living space and 477 m² externally.
So what are you buying?

- A professionally managed B & B with a high profitability
- A well maintained property with enormous potential
- An ideal location (south west France) for a change of lifestyle (1 minute commute to the bakery) with walking and skiing in the area
- Consistent income and profit levels despite recession
- Access to fast broadband, good web presence and an online booking system
- Part of a lively village community without competition

The business is situated in the busy mountain village of Olette, Pyrenees Orientales and offers 5 ensuite B&B rooms. The pink Georgian style building and trompe d’oeil mural is picture postcard pretty. Formerly a 17th century auberge, it has been extensively renovated to offer guests every comfort while exploring region. Its thick walls keep it cool in summer and cosy in winter. This spacious house has been lovingly renovated since we, the English owners, bought the property in 2007.

Links exist with nearby popular tourist attractions, hot thermal baths, major walks, world heritage sites and the tourist train means that the B&B attracts year round clients and is a profitable business despite the economic climate. We are accredited by the Parc Naturel regional des Pyrenees Catalanes, whose head office is based in our commune and brings many guests to la Fontaine. Its location also attracts international guests, 26 different nationalities were recorded last year. Walkers, nature lovers, skiers, gourmands, spa lovers, riders and mountain lovers all visit. Competitors, both hotels and restaurants are few and far between, 20k uphill or 14k downhill.

The business is set over 4 floors and has comfortable, spacious accommodation with mountain views. Guests have a large lounge/ dining room and several terraces in which to relax. It currently has License III.

Olette’s microclimate has year round sunshine and warmth. The village has an artisan boulanger, butchers, medical centre, a pharmacy, a school, a café bar and a post office – all the necessities for both guests and owners need.

Fully equipped with everything in its large commercial kitchen from ovens to pots, pans, furniture, industrial washing machine, linen and glasses, crockery etc – once the keys are handed over, you can open the doors, for guests that very day.

Further information available upon request, please contact seller below for further details.

Property information

Real Estate:

Real Property Included

Living Accommodation:

The owner's accommodation consists of 3 rooms and a bathroom on the 3rd floor
There is a separate entry to the guest rooms, allowing the owners to enjoy exploring the region and have free time

Location:

The business is located in Olette (600m) a French Catalan mountain village on the busy RN116, main road linking Perpignan and Andorra. Olette is in the department of the Pyrénées-Orientales, in the Languedoc-Roussillon region in the South of France bordering Spain.
One main advantage is the business's proximity to numerous tourist attractions listed below
5 mins Little Yellow Train station (tourist train)
8 mins Headquarters Parc Naturel Regional des Pyrenees Catalanes
10 mins Evol – most beautiful village
10 mins Les Gorges de Caranca featured walk
10 Mins Villefranche de Conflent and Fort Liberia (world heritage attraction)
15 mins hot thermal springs at St Thomas les Bains (open all year)and natural hot pools
20 mins Prades – large town
25 mins Mont Louis - Vauban world heritage site
35 mins Font Romeu ski resort
40 mins Les Angles ski resort
40 mns Spain Puigcerda
40 mins Perpignan airport and TGV station
50 mins Mediterranean sea
75 mins Andorra
75 mins Costa Brava and Cadaques

Premises Details:

Ground Floor – entry hall, former restaurant 66 m² with servery, 2 cloak rooms, caves and storage area, delivery bay
1st Floor - guest lounge / dining room 37m², private owners lounge 24 m² both lead onto terrace 23 m², bar/reception, 2 cloak rooms, office, extensive equipped kitchen, storage, staff changing room, laundry and boiler room
2nd Floor – 6 ensuite guest bedrooms (2 – 4 guests, 15 capacity) leading onto terrace and car park, linen room and separate bathroom, barn 123 m²
3rd Floor – 3 Rooms and bathroom – owner’s accommodation 63m²


400 m² of habitable surface
384 m² of back of house area – barn, kitchen, storage, fridge room, staff facilities
477 m² land (terraces, parking )
20 double glazed rooms including 9 bedrooms (6 ensuite)
Internal barn / workshop / winter drying area
Oil-fired central heating
Good structural condition

Size in square feet:
400 m² of habitable surface

Business Operation

Expansion Potential:

This ancient Catalan auberge in the southeast corner of Pyrenees offers great development potential. There is scope to open the building as a hotel, auberge or a more informal tapas bar with rooms or remain as a friendly B & B – are you ready for the challenge and adventure? The turnover was in excess of £100k in 2006!
We served 900 meals annually( €25 a person)in the first few years. We have not served meals for the last 2 years, so operating a limited food offer gives great potential.

If you wish to run a restaurant ,due to its location, the income potential is large, as the previous owner had a restaurant income alone of €100k.

Competition / Market:

Competitors, both hotels and restaurants are few and far between, 20k uphill or 14k downhill.

Reasons for selling:

Retirement and the desire for a quieter life

Trading hours:

The business currently closes from October until Easter ( we have chosen to operate fewer months and lose profitable winter income due to our age.) Breakfasts are served between 7.30am and 9.30am and departure time is 11.00am

Employees:
Due to our business model we can operate without any employees
Years established:
We started the business as a Bed and Breakfast in 2007

Other Information

Support & training:

We are staying locally and will be able to provide help and advice about buying a property and running a B & B in France, if required.

Website:
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Related Documents:
Home based:
This business can be run from home.

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