Bar And Cafe For Sale

Business description

Comments:
Compact but busy all summer long this business occupies idyllic beach side position. In the same hands for over 25 years the repeat holiday trade alone more that pays for the overheads and living expenses of the owners. Well equipped and well run this is an absolute gold mine with earnings records to show it.

Current Operation:
This seafront bar with spectacular views has been run by the same family for more than 25 years, providing drinks and snacks and light meals from its varied menu for tourists, many who come back year after year to visit, making this one of the busiest bars in the resort. The bar itself has a ceramic tiled facia with a marble effect top with wooden panelling to the back. The interior has painted walls adorned with various pictures and sporting memorabilia and can seat 30 people on bar stools and cushioned metal chairs. The sunny terrace which has a retractable overhead awning can seat a further 20 people on plastic furniture, and has stunning views across a small bay and marina to a larger bay and beaches some 5 killometres away. The kitchen, although compact, is well planned, and has recently been refurbished and upgraded to a good standard. The equipment includes three microwaves, a griddle, a four burner hob, three fryers, a toaster, a full extraction unit, a dishwasher, a three door stainless steel fridge and a stainless steel sink and work surface. Other equipment in the bar includes an upright fridge/freezer, two chest freezers, a coffee machine with grinder, an electronic cash register, a bottle cooler, a good quality hi-fi system and two televisions and a touch screen game machine for public entertainment. At the rear of the bar are two tiled washrooms and a small storage room.

Notes:
Although modest in size, this is a seriously busy business. An idyllic location, good facilities, and low overheads, are just some of the reasons for putting this bar on the must see list.

Premises Dimensions:
Inside: 66 Sq. metres
Outside: 20 Sq. metres

Finance:
Over the years the owners have built up the business considerably, and now have a large amount of repeat holiday trade, with some people visiting more than once a year. The rent and overheads are reasonable, and the owners claim to take over £10,000 a month in summer. An annual tax of around £385 is payable for the use of the promenade terrace.

Rent:
£320 per month

Asking Price:
€118800

Property information

Real Estate:

Lease

Location:

The premises are located in an enviable position overlooking a small horseshoe shaped sandy beach and bay and its marina, in one of the longest established resorts on the island. There are at least six hotels and many holiday apartments all within two minutes of the business, and the town centre with its varied shopping and market square five minutes further on. The entire front line of the resort has undergone a complete renovation in the last six months, with new walkways and cycle paths.

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