Bar And Cafe For Sale

Business description

Comments:
This business occupies a fabulous sea front position opposite long sandy beach with magnificent views accross the Bay of Palma. Fully equipped to a high standard and with colourful tropical theme the business will trade all year round and with low overheads, particularly the rent should return fantastic profitability. Magnificent potential for expansion of trade.

Current Operation:
This popular front line international bar/cafeteria has only recently undergone a substantial refurbishment, including new furniture, new wood floor in the main bar area, redecoration and some rewiring. New illumination and signs to the front give added prominence to the business. At present it is trading for eight months of the year, serving drinks and a varied snack and light meal menu to tourists of all nationalities, in this very cosmopolitan resort and to the many local residents that live close by. The business has three terraces all at different levels. The first is at promenade level and can seat 16 people on wicker chairs for the use of which there is a small payment to the local council. A slope from the promenade leads through the middle terrace where there is seating for a further 10 people on bar stools at high wooden tables with raffia parasols and also a hot dog vending cart. The main terrace in front of the bar can accommodate up to 55 people on chrome and wicker chairs. Newly installed Perspex windbreaks provide shelter and there is a new bamboo roof lining and patio heater on this level. Music is piped to the terraces and emits from speakers that have been cleverly disguised as rocks. Inside the bar the décor reflects a tropical theme with terracotta walls and bamboo cladding and natural wood used to good effect on the bar facia. There is seating for 10 people at the bar but there is also room for two or three tables in if new owners desire. An electronic dartboard and a wall mounted colour television with satellite system are included for the entertainment of customers. At one end of the bar are two fully tiled public washrooms. The bar has a laminated top and comes complete with bottle cooler, coffee machine and grinder, beer dispensing equipment, good quality seperates hi-fi system, electronic cash register, small chest freezer and sink unit. Behind the bar is a doorway that leads to the kitchen area, which includes double fryer, microwave, small griddle, sandwich toaster, bread oven, dishwasher, chest freezer, two upright fridge/freezers and a sink unit.

Notes:
This is a very tidy front line bar which has the potential to increase trade and revenue with the application of just a little flair and imagination. The business would be suitable for a couple or perhaps a single operator with help and represents a very good investment opportunity. Location alone should make this a sure fire winner.

Premises Dimensions:
Inside: 40 Sq. metres
Outside: 55 Sq. metres

Finance:
For this location the rent is exceptionally low and this, coupled with low service bills will ensure optimum profitability. The business has traded well for some time and new owners should easily be able to sustain this.

Rent:
£690 per month

Asking Price:
€102600

Property information

Real Estate:

Lease

Location:

The business is located on the sea front promenade opposite an expanse of clean, sandy beach which stretches for some 5 kilometres along the bay of Palma. Numerous hotels and apartment complexes surround the business which nestles amongst other bars and retail outlets in a semi pedestrian area, providing ample passing trade.

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