Bar And Cafe For Sale

Business description

Comments:
A superb business in almost perfect location in the busiest night life part of Mallorca's most popular British resort. Good sized interior operating as fun pub at night with huge terrace and separate take away servery. A wide variety of children's amusements along with pool tables and televisions all contributes to very versatile business. The business is not being run to anything like its full capacity so the business is ripe for expansion and will offer excellent earnings potential.

Current Operation:
This busy bar, with its huge terrace, separate kitchen and takeaway outlet, trades all year serving drinks and a varied snack and light meal menu to eat in or takeaway to mainly British tourists in the 20 to 30 year old age group that flock to what is the busiest British resort on the island and to the local resident population. Situated on one of the main entertainment streets in the resort the premises and terrace are entered at street level. The terrace is a large paved square with the takeaway servery situated at its centre, with seating at the present for 36 people on director style chairs. Also on the terrace are a variety of coin operated children’s rides, grab machine, pool table and air hockey machine, all of which provide a substantial income during the season. The sizable takeaway area, which also serves as the kitchen for the main bar, has serving counters to three sides and is fully equipped with stainless steel work tables, six burner stove and oven, griddle, two double fryers, bain marie, exraction unit, three microwaves, sandwich toaster, stainless steel fridge, upright fridge/freezer, chest freezer and sink unit. Stairs at the rear of the kitchen lead to a large basement area with more freezers and fridges, staff toilet facility and plenty of room for storage. The main bar has fully retractable glass doors and can seat a further 22 people on bar stools and director chairs. Three colour televisions, one projection television with large pull down screen, all with satellite capability and a pool table are provided in the bar for customer entertainment. In the evenings the space at the rear of the bar converts into a small dance floor where there is a purpose built music booth which is fully equipped with, compact disc player, mixing desk, karaoke machine, noise limiter and amplifier. The bar itself has a solid wood top and includes bottle cooler, beer dispensing equipment, electronic cash register, glass washer, small chest freezer, chilled bottle display cabinet and sink unit. Alongside the bar are a small storage area and a staff toilet along with two fully tiled public washrooms.

Notes:
A substantial investment, but one that could reap rich rewards for the right people in a relatively short time. A large business like this could be run by a couple, but with the addition of at least three staff in the summer months, or it would be ideally suited for a family. The business is in a prime location and has massive potential to increase trade. Altogether this is a versatile and exciting opportunity with the potential to reap fantastic rewards.

Premises Dimensions:
Inside: 95 Sq metres
Outside: 200 Sq. metres

Finance:
Although a substantial investment initially, new owners are in effect getting two businesses for their money. Running costs for the business are average considering the size and the location. The rides and games machines contribute significantly to the revenue of the business and there is more than enough space to accommodate more if desired.

Rent:
£2,070 per month

Asking Price:
€202500

Property information

Real Estate:

Lease

Location:

The business is located on one of the busiest entertainment streets in the resort which attracts thousands of mainly British tourists each year who come to relax on the lovely sandy beach and to enjoy the abundance of vibrant nightlife on offer. The aforementioned beach and the resort centre are both a few minutes walk from the business, which is also surrounded by hotels and apartments.