Modern 4 storey hotel, located at 10 - 15min. from the center of Cannes and 2 km from the exit to the motorway, next to the largest commercial centers of Cannes, has more than 40 rooms (800 m2), is managed autonomously (without staff, which saves time and manages the hotel extremely efficiently). In order not to have problems with the staff, the hotel owner has concluded a contract with the cleaning company and it regulates when the cleaning is to be carried out. This allows the owner to save on social contributions and not have staff in the staff. Nearby are golf clubs, bowling, stadium, swimming pool.
All rooms are equipped with bathroom, internet, TV, double-glazed windows, all according to strict standards for hotel activities (safety standards), large elevator. All the equipment and the hotel itself are modern and for the buyer no additional investment is required. There is a reception, a place for breakfast. Nearby there are numerous restaurants, cafes, snack bars, etc. Parking is free. The owner takes 4 rooms for their own purposes and for living. There are also utility rooms, laundry. The contract with firm Alice which delivers linen is concluded.
The hotel is open all year round - in the summer months it is completely filled, in the winter months it is home to numerous employees of construction and other companies that carry out repairs in Cannes at various sites. In view of the fact that the facility is located 2 km from the motorway and the parking is free, the hotel also stops numerous drivers of freight transport, following from Italy in the direction of Marseille and Lyon.
Business is sold (ie, the buyer takes over the commercial lease and business). The annual turnover is about 320,000 euros, the rent is 100,000 euros per year, plus about 10,000 euros cadastral tax.
The annual official gross profit is about 84,000 euros (one should bear in mind that the real profit is much higher).
Buying this cost-effective business will give you the opportunity to have a highly profitable and reliable business on the Cote d'Azur, in Cannes and not be permanently in the hotel (it works on the hotel bureau system) but to manage it from a distance.
The current owner operates this facility for 12 years and sells due to old age and retirement.