Bar And Cafe For Sale

Business description

Comments:
A superbly appointed business with large sunny terrace overlooking one of Mallorca's most picturesque marinas. Although the area is generally considered to be seasonal, this business has established a considerable winter trade over the years. A genuine bargain at this asking price and a fabulous opportunity that would equally well suit a first time buyer or experienced operator.

Current Operation:
This well established bar/cafeteria is popular with both tourists and the local marina community. With its large sunny terrace overlooking the picturesque marina, the bar currently opens during the day serving lunchtime snacks and drinks, and in the evening for cocktails and full bar service. The bar is fully equipped with new terrace furniture, two colour televisions a good quality sound and PA system, and sky satellite system installed. The fully fitted kitchen is capable of producing quite sophisticated dishes as well as light snacks. There is a pool table on the terrace for customer recreation. The bar has a modern feel in its décor, with shelving and wood paneling to two walls and lattice screens used to break up the space in the bar.

Notes:
This is a very well presented bar, which can be up and trading straight away. It occupies a good location and the low overheads make this business very profitable.

Premises Dimensions:
Inside: 50 Sq. metres
Outside: 100 Sq. metres

Finance:
The business runs on low overheads, which is reflected in the profit margin achieved. Previous owners have claimed an annual turnover of around 100,000 euros, with a net profit of 54,000 euros. Water is included in the rental charge.

Rent:
£6,400 per annum

Asking Price:
€65475

Property information

Real Estate:

Lease

Location:

The business is located beside one of Mallorca’s most up market and picturesque marinas. It commands magnificent views across the marina from the terrace, which has sun on it for most of the day, and with hotels and apartments nearby makes this location most sought after. The resort is popular and lively in summer months, and even in the off-season there is still enough trade from the marina itself for the current owners to enjoy trade for most of the year.

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