Bar And Cafe For Sale

Business description

Comments:
An ideal first time purchase for someone looking to move and live on the beautiful island of Mallorca. The business is easily run by a couple and should be high on your viewing list.

Current Operation:
This spacious front line bar /cafeteria has recently undergone a refurbishment including redecoration and new windows to the front of the business. The business trades all year serving drinks and a varied hot and cold snack and main meal menu to tourists of all nationalities and also to the local resident population. Situated on the seafront amongst other shops and restaurants in a small precinct, the business is entered down a couple of steps and through the covered terrace, which seats 20 people on cane chairs, that surrounds the front of the bar, new illuminated signage to the front of the bar, means that it is visible from the front line boulevard. Inside the colour scheme is of a dark terracotta and white with seating for a further 22 people on cane chairs, director style chairs and bar stools. Two wide screen plasma televisions linked to a satellite system and a pool table are provided in the bar area for the entertainment of customers. To the rear of the bar are two tiled public washrooms, a small storage area and a spacious kitchen with three burner stove and oven, bread oven, griddle, extraction system, two fryers, a microwave, stainless steel fridge, upright fridge/freezer, three chest freezers, a double sink unit and a hand wash sink. The bar itself is made of stainless steel and comes complete with two bottle coolers, beer dispensing equipment, coffee machine with grinder, electronic cash register and double sink unit. There is the option to put a further four tables on the pavement above in summer months for a small additional tax payable to the local council.

Notes:
This is an ideal first time business for either a couple or even a single operator with some help and represents good value for money. The business is established, has a good location and also the potential for expansion and an early viewing is recommended.

Premises Dimensions:
Inside: 60 Sq. metres
Outside: 50 Sq. metres

Finance:
For its size and location the asking price and rental charge are reasonable and new owners with the correct application should be able to maintain a good standard of living from the business. Low running costs means that the business is an even more tempting proposition.

Rent:
£595 per month

Asking Price:
€81000

Property information

Real Estate:

Lease

Location:

The business is located on the front line of this popular resort with hotels and apartments surrounding the business, some of which are open all year. The beach across the semi pedestrianised boulevard is wide and sandy and stretches for some 5 kilometres around the bay of Palma. The resort is multinational and very popular and even in the winter months there is a healthy population of holidaymakers.

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