We were tasked to find a rural hotel within easy driving distance or East coast resorts by two families wishing to pool their resources and start a new life in Mallorca.
We found two options of currently trading agroturismo hotels, one was ideal with the exception it was outside the budget, the other required some renovation work to be at its best.
We were able to offer assistance and an introduction to a bank to help with financing the additional amount on the first property, make suggestions as to how to increase the turnover and profit.
The second property we negotiated a substantial reduction and organised quotes for the refurbishment of the business so that the clients could make a good comparison of the two.
The families after careful consideration decided to go for the first hotel as the potential for growth that could be achieved outweighed the cost of the finance.
They have taken over the business now and the previous owner is assisting them until the end of the tourist season 2008.
Well done, we believe you made the right choice. Good luck.
Tags: Agroturismo, Bed and breakfast, Business, Cala millor, East Coast, Hotel For Sale, Mallorca, Rural Hotel, Rural location