Project Plaza: food hall with more than 10 units let, for sale in the Valencian Community

For sale: 100% of the shares of the company that runs an operating food hall in the Valencian Community (Comunidad Valenciana):

• The company leases the building, has fully refurbished it and sublets the units to restaurant brands, which pay a monthly rent and a common-services charge.
• The project, in which its founders have invested close to €1M, is fully operational.
• The partners have moved their residence outside Spain and are looking for a buyer who will carry the project forward.

An income-producing asset with light operations and room for growth.

• Recurring income. More than 10 units let to established operators, several of them with more than one outlet.
• Very low head-lease cost. Less than 10% of the rental income.
• Light operations. The team is limited to management, cleaning and marketing.
• High-footfall location. In the town centre, next to public transport and parking.
• Sponsorship and events. Sponsorship from leading drinks brands and a presence at major events.
• No financial debt. The company has no financial debt, according to the seller.

The company acts as the operator of the space: it leases the building long-term and hands each unit over, ready to trade, to independent restaurant brands. Each operator pays a monthly rent and a common-services charge that covers shared costs such as wifi, sports broadcasts and the upkeep of common areas. On top of this come the sponsorship agreements with drinks brands.

The buyer does not run kitchens or front-of-house staff: their role is to manage the space, keep it occupied and drive footfall through marketing and events.

Today the asset generates almost exclusively rental income. A buyer who wants to take an active management role can add:

• Events and private hire of the space: companies, presentations, ticketed nights. The weekly closing day leaves a free day that can be marketed.
• Sponsorship and advertising: screens, sponsored areas and renegotiation of agreements with drinks brands.
• Central purchasing of drinks and consumables for all the units.
• A bar of its own, run by the operator of the space.
• A central till for the whole food hall: visibility of actual sales, customer data and a basis for turnover-based rents.
• Sales-linked rent in new leases: a fixed amount plus a percentage of turnover.
• Additional space in the building, currently not in commercial use.
• Replicating the concept in other cities that do not have a food hall.

• Hospitality groups and restaurant operators that want to enter or grow in the Valencian Community.
• Investors and family offices looking for an income-producing asset whose management can be delegated.
• Entrepreneurs with experience in hospitality, leisure or managing retail spaces.

The founders have completed the investment and the start-up. The buyer acquires a finished asset, with occupied units and a brand that is well known in its area, without taking on construction or launch risk.

The identity of the company and its detailed information are only provided after a confidentiality agreement has been signed:

1. 1First contact: a conversation with Alcara to learn about your profile and interest.
2. 2Signing of the confidentiality agreement.
3. 3Information memorandum: identity of the asset, detailed figures and contracts.
4. 4Visit and offer: a visit to the space and submission of an indicative offer.