Bar And Cafe For Sale

Business description

Comments:
A fabulous business in prime location in Mallorca's most popular British resort. The business specialises in showing major sporting events and movies and has the ability to show staellite events from a wide range of countries and in a variety of languages. The equipment alone has been a large investment. Open all year the business boasts a fantastic earnings record and is a genuine walk in and trade opportunity.

Current Operation:
This well established bar/cafeteria with good all year round trade, is situated in what is the busiest British resort on the island and has become a haven for film buffs and sports enthusiasts as it offers a regular program of movies and also has the ability to show 10 different sporting events from around the world simultaneously due to a state of the art satellite system which cost in the region of £12,000. The business also provides a varied hot and cold snack and main meal menu as well as drinks to the many thousands of mainly British tourists that visit the resort each year, as well as the large residential community. The premises are entered from the street and have a front terrace, which has a permanent roof and retractable side and front awnings allowing it to be used all year. There is seating here for 24 people on cane furniture and a gas patio heater helps to keep the terrace warm and cosy in the winter months. Also located on the terrace are three colour televisions linked to the satellite system. Prominent illuminated signage to the front of the premises includes a programmable scrolling neon sign which itself cost about £4,000. The spacious air conditioned bar is entered through glazed doors and has seating for up to 120 people on a variety of bar stools, cane chairs and upholstered bench style seating. A further seven colour televisions, including a 42 inch plasma screen are situated throughout the bar. There is a fruit machine provided for further interest of customers. A professional speaker system and also three ceiling mounted disco effect lights can also be found in the bar. The bar itself has a laminated top and is equipped with three bottle coolers, beer dispensing equipment, coffee machine with grinder, a chilled display cabinet, glass washer, electronic cash register and sink unit. Alongside the bar is a computer system with printer and laminator, which controls the music as well as providing karaoke, amplifiers, mixing desk, noise limiter, compact disc players, DVD player, MP3 player, a control panel for the numerous televisions, a control box able to download up to 10,000 music tracks or television programmes and multiple satellite boxes incorporating English, Spanish, Arabic, Italian, South African, Polish, Irish and Scottish systems. The compact kitchen situated next to the bar includes griddle, four microwaves, double fryer, extraction system, two stainless steel fridges, pizza grill and sink unit. At the rear of the bar are two fully tiled public washrooms and also a small storeroom and two chest freezers.

Notes:
A first class business with genuine all year round trade, in a fantastic location that with the right application should become a little goldmine for either a couple or a small family with or without experience in this type of business. We cannot recommend this business highly enough.

Premises Dimensions:
Inside: 100 Sq. metres
Outside: 28 Sq. metres

Finance:
Taking the amount of top quality equipment included in the business and also the quality of the bar itself, the asking price is most reasonable. The rental charge is well below the average for the location and size of the business. Current owners have stated that, even in the winter months, when major sporting events are being shown, that daily takings can exceed 2,000 Euros.

Rent:
£465 per month

Asking Price:
€185625

Property information

Real Estate:

Lease

Location:

Located in the busiest British tourist resort on the island the business occupies a good location opposite two large hotels, one of which opens all year. Several other hotels and apartments are close to the business, all of which contribute to constant passing trade. The delightful sandy beach and resort centre is only a couple of minutes from the business, and a number of major tourist attractions are nearby.

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