Bar And Cafe For Sale

Business description

Comments:
An absolutely outstanding business in poolside location within large, partially residential apartment complex. As well as owning exclusive rights to serve the poolside sun bathers and to hire out sun beds the large interior provides special children's rooms with their own entertainment, bistro style dining, wide screen television for major sporting events, pool, darts and other recreational activities all of which makes it a complete family all round fun pub. Completely rennovated with state of the art equipment and furnishing along with open fireplace and air conditioniong. All year round trade with popular parties and functions proving very lucrative in winter. Altogether this is a lot of business for relatively low outlay and massive earnings potential.

Current Operation:
This well appointed bar/cafeteria is unusual in the fact that it is situated within a large residential apartment complex with extensive sun terraces and a lovely communal swimming pool in front of the business itself. The business has exclusive rights to serve food and drink to the whole poolside area as well as to rent sun beds and parasols for use of the sun worshippers. The entire business premises have undergone a complete refurbishment in 2004, being tastefully redecorated and with brand new furniture and equipment being installed throughout. The current owner has set the business out so as to appeal to the whole family offering food drink and fun all year round in this predominantly British area. The business is also capable of catering for large sized functions and parties and this has proved to be especially lucrative in winter and around Christmas time. The apartment complex has a private entrance from the street, which leads onto the large sun terraces and swimming pool area where the bar is situated. The terrace in front of the bar has a permanent roof and also two pool tables for public use. There is also a serving hatch linking the bar to the terrace and the whole area is made inviting both in day and night by strategically placed plant troughs and subtle lighting. Large glazed doors lead through an entry foyer with cigarette machine and soft ice cream machine into the spacious air-conditioned bar and dining area, which has been redecorated in magnolia and also has stained wooden panelling on the lower part of the walls. The whole floor area of the bar and toilet area is tiled in very attractive, large terracotta tiles. A working fireplace with wooden surrounds can be found at the rear of the bar. There is seating inside and on the terrace for about 100 people on bar stools and metal-framed wicker style chairs. Entertainment inside is provided by a pool table, two colour televisions both with satellite system, video and DVD systems and a good quality separate hi-fi system with mixing desk. Comfortable settees are located close to the large screen television and to one side of the area there is a raised floor that provides for more formal bistro style dining.. The music and video system is totally integrated in such a way that the sound can be zoned so that those watching television can listen to it while others are able to listen to music. At the rear of the bar there are two carpeted rooms dedicated to children’s use, one being for toddlers with play mats and inflatable furniture, television and video and coin-operated soft toy “grabber” machine and the other for older children and including colour television, DVD, video and computer games machine. Also at the rear of the premises are two tiled public washrooms, a washroom for the disabled and a storeroom. The ladies’ toilets have 2 cubicles and two hand basins along with a mirror and a table with a baby changing mat. The gents’ also have two cubicles plus 2 urinals and 1 hand basin with mirror. The disabled toilet has a hand basin with a mirror above. All the toilets have electric hand dryers. The bar has a solid wood top and is well equipped with beer dispensing equipment, coffee machine and grinder, cocktail blender, three bottle coolers, small chest freezer, two chilled bottle display cabinets, electronic cash register and sink unit. Alongside the bar is a food service counter with a chilled tapas display cabinet, microwave and an upright fridge/freezer. Under the counter is a preparation area consisting of a shelf housing a toaster and toasted sandwich maker and kettle. There are spotlights around the bar and above the poolside serving hatch. Directly behind this area is the well planned kitchen which has been equipped to the highest standard with three burner stove and oven, fryer, microwaves, extraction unit, stainless steel fridge, upright freezer, dishwasher and sink unit. A further storage area is located near the kitchen and this contains a large chest freezer, ice cream freezer, washing machine and tumble dryer.

Notes:
An immaculate business in an enviable position with genuine all year round trade and almost endless potential which would be suitable for a small family or a couple with staff with or without experience. We anticipate that the business will not be on the market for long and an early viewing is recommended.

Premises Dimensions:
Inside: 340 Sq. metres
Outside: 180 Sq. metres
Apartment: 80 Sq. metres

Finance:
Considering the location with its “captive” customer base, the size of the business, the quality of the refurbishment and the inclusion of living accommodation, the asking price is not an unreasonable one at all. The rental for premises of this size inclusive of living accommodation is likewise quite favourable. The freehold on the premises is also available to interested purchasers and includes an additional expansive space to the rear that needs to be reformed and is currently partitioned off from the main business area.

Rent:
£1,465

Asking Price:
€132975

Property information

Real Estate:

Lease

Location:

The business is located in an apartment complex, part of which is inhabited all the year round, with some apartments used for holiday letting. The complex boasts substantial sun terraces and a large swimming pool all of which are serviced by the business. The complex is only two minutes walk from a small beach and the main resort centre is also nearby. The beach itself offers little in the way of amenities thus making the pool in this complex a major focal point of the resort. Several bars, restaurants and hotels are all within the near vicinity of the business and the many major tourist attractions in this part of the island can be easily reached. The resort has been a popular holiday destination for British tourists for many years and there is also a sizable British resident community that will keep the business busy all year round..

Contact the seller