Bar And Cafe For Sale

Business description

Comments:
Fantastically turned out bar/café that has built up an enviable repeat trade. Easily run business that can only make money for new owners.

Current Operation:
This busy bar/cafeteria has recently undergone extensive refurbishment including partial rewiring, replacement of kitchen appliances and installation of new equipment in the bar itself. The business trades all year, providing drinks and a varied snack and home cooked main meal menu, for the multitude of mainly British tourists that visit the resort each year and for the large local ex pat residential community. The premises are entered from the street onto a sunny terrace, part of which has a permanent roof with retractable blinds at the front and to the sides ensuring that the terrace can be used in all weathers, with seating for 24 people on upholstered metal framed chairs. Retractable glazed doors lead into the bar area where there is seating for a further 18 people on similar chairs to the terrace and bar stools. Air conditioning and two ceiling mounted fans help to keep the bar cool in the summer months and two wall mounted colour televisions, with a further one on the terrace, all linked to a satellite system are provided for the entertainment of customers. The compact bar has sufficient storage behind and comes with coffee machine and grinder, bottle cooler, beer dispensing equipment, hi-fi system,video player, DVD player, Sky digibox,electronic cash register and double sink unit. To the rear of the bar is a small storage area which includes an upright fridge/freezer, two new upright freezers and also two tiled public washrooms. The well planned kitchen at the rear of the premises has had most of the equipment replaced this last year and includes griddle, two fryers, two mini ovens,four microwaves,one toaster,domestick fridge,large american fridge/freezer and sink unit.

Notes:
Suitable for a couple or single operator with or without experience, this is an ideal bar in which to start a new life on the island of Mallorca. The business is in excellent condition, is economical to run and has the potential to increase trade if new owners desire.

Premises Dimensions:
Inside: 50 Sq. metres
Outside: 30 Sq. Metres

Finance:
Considering the improvements that have been made to the business over the last year, the asking price is very reasonable. Earning potential is excellent with the amount of holiday beds nearby and the almost constant passing trade. The rent is about average for the type of business in this location and includes all water charges but the landlord requires an additional returnable deposit of around £4,000.

Rent:
£740 per month inc. water

Asking Price:
€110700

Property information

Real Estate:

Lease

Location:

The business can be found at the foot of an apartment block on one of the main roads running through this resort and close to a nightly entertainment square. Directly opposite are probably the resort’s two largest holiday apartment blocks, and there are many other hotels and apartments within a 500 metre radius. This pretty resort is extremely popular with the Irish, Scottish, English and other northern European nationalities.

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