Restaurante Avalon Urbanización Punta Lara, 22 4,532 SF Retail Building Nerja, Málaga 29780 $3,162,714 ($697.92/SF)

Avalon is a highly acclaimed restaurant and charming boutique guesthouse located in Punta Lara, west of Nerja, on Spain's Costa del Sol. Perched 70 meters above Playazo Beach, the property offers panoramic views of the Mediterranean Sea and the Almijarra mountains, creating an exceptional setting that attracts visitors year-round.
The property features six guest rooms, each with a private bathroom and its own terrace overlooking either the sea or the mountains. Additionally, there is a modern, fully independent 67 m² apartment currently occupied by the owners, offering flexible use. It can serve as private accommodation, be integrated into the restaurant or kitchen operations, or be converted into a space for events such as weddings and special celebrations. Guests can also enjoy a panoramic rooftop terrace with 360-degree views, perfect for sunrise breakfasts, sunset drinks, or stargazing.
Avalon's restaurant has an excellent reputation both locally and internationally, with indoor and outdoor dining areas. The naturally lit dining room accommodates 45 guests and features a cozy fireplace for cooler months, while the terrace can host an additional 50 guests with uninterrupted sea views. The professional kitchen was designed by a chef to meet the highest ergonomic standards, ensuring practicality and efficiency. The property also includes a welcoming bar area, landscaped gardens, and private parking for 20 cars.
Financially, Avalon is a well-established business with approximate annual revenues of €595,500 and a profit margin of around 17%. The restaurant generates about 74% of the revenue, while the guesthouse contributes the remaining 26%. Occupancy rates are consistently high, reaching 98% during the summer season. Guest satisfaction is reflected in outstanding reviews: 9.3/10 on Booking.com, 4.7/5 on Google, 4.8/5 on TripAdvisor (hotel), and 4.6/5 on TripAdvisor (restaurant).
The property sits on a generous 2,197 m² plot with potential for further development. With permits allowing up to 900 m² of construction, options include adding a pool, expanding the restaurant terraces, or creating additional guest rooms. This flexibility provides new owners with the opportunity to grow and adapt the business to their vision.
Avalon is ideal for an experienced chef looking to expand or someone ready to build something of their own, with the southern Spanish lifestyle as part of the package.
Avalon is offered as a turnkey operation, fully licensed, legal, equipped, furnished, and staffed. It is ready to continue thriving but also offers significant potential for growth.