Commercial for sale in Pinar del Advocat - Cometa, Teulada-Moraira, Alicante

Prime coastal location - Mediterranean hospitality opportunity. This is a rare opportunity to acquire a well-established and successful hospitality business in one of the most desirable locations on the Costa Blanca, just 900 metres from the town centre and beaches. Operating since 2000, the property features a fully renovated bar and restaurant, a peaceful garden terrace, four independent apartments, and a small detached house, all set on a large private plot of 1,927 m². Located in a quiet yet vibrant area popular with both local residents and international visitors, the business has become a well-known community destination with a loyal customer base and excellent growth potential. It can continue operating as a successful gastrobar or be transformed into a boutique hotel or hybrid hospitality concept, offering significant potential for redevelopment and expansion. Key features: The business is a turnkey operation, including a fully refurbished bar and restaurant with stylish interior design, a modern open kitchen, high-quality finishes, and professional equipment in excellent condition. The commercial space has been designed by hospitality professionals and interior architects, ensuring both an outstanding customer experience and efficient daily operations. The property also includes four independent apartments and a small detached house. While these units require modernization, they offer excellent potential for long-term rentals, staff accommodation, or conversion into boutique hotel suites. Outdoor spaces include a beautiful garden terrace with seating for approximately 72 guests, complemented by covered and uncovered terraces accommodating an additional 54 guests. The interior dining area seats around 45 guests. All licenses and permits are fully in place, complying with health, safety, alcohol, and hospitality regulations. The location is within a charming Mediterranean coastal town with year-round tourism and a strong local community, offering both stability and growth potential. The property also benefits from private and street parking for customers. Business growth potential: There is clear potential to further develop the business. Future owners could: Extend winter opening hours, introduce delivery or catering services, renovate the apartments into high-end boutique accommodation, develop a mixed-use hospitality and residential concept. The generous plot size and building layout offer multiple revenue streams and expansion possibilities. This opportunity is ideal for hospitality groups, chef-owners, lifestyle investors, or entrepreneurs seeking to create a standout hospitality destination in a vibrant Mediterranean setting. Property overview: Plot size: 1,927 m², built area: 742.75 m² across two floors, interior restaurant capacity: approx. 45 guests, total terrace capacity: approx. 126 guests. The property includes five independent residential units requiring modernization but offering flexible usage options. Facilities include: Open professional kitchen, indoor and outdoor bar areas, three bathrooms, central heating, air conditioning, satellite television, entertainment system, private and street parking. Financial & operational overview: The business has demonstrated consistent performance over many years, with strong profit margins and a steady flow of customers from both the local community and international visitors. An experienced team currently ensures smooth day-to-day operations, meaning the transition for a new owner can be straightforward with minimal restructuring. Reason for sale: The current owner is relocating to focus on other business ventures. A full handover period will be provided to ensure a smooth transition.