Bar And Cafe For Sale

Business description

Comments:
A spacious and completely reformed Irish theme bar located on the sea front with slightly raised terrace commanding spectacular views across the bay of Palma. This is a genuine walk in and trade opportunity with potential all year rouind trade and enormous scope to develop a very lucrative business indeed with some effective promotion.

Current Operation:
This sizable front line bar/cafeteria has recently undergone considerable refurbishment including rewiring and redecoration to turn it into an authentic Irish themed establishment. The business trades all year providing drinks and a varied snack and hot meal menu for tourists of all nationalities and also the large British resident population. The premises are entered via a few steps up from the sea front promenade onto a large front and side terrace that has retractable glazed panels around it to provide a wind break. There is currently seating for 30 people on wicker style chairs but there is the space to accommodate more if needed. Large patio parasols give welcome shade in the summer months. Glazed doors lead into the main bar which has new wooden parquet flooring throughout and where copious amounts of dark wood panelling on the walls and wooden screens with stained glass inserts between the seating, give a feel of walking into a pub anywhere in Ireland. There is further seating for 50 people on swivel bar chairs and upholstered wooden chairs and benches. At one end of the bar is a newly installed fireplace with ornately carved wooden surrounds and mantle, which in winter months gives the bar an even more traditional feel. Customer recreation is provided by a pool table and two colour televisions, both linked to a satellite system, and at one end of the bar are two brand new fully tiled public washrooms. The bar itself has a solid wood top and is fully equipped with bottle cooler, beer dispensing equipment, large chilled bottle display cabinet, coffee machine with grinder, electronic cash register, good quality hi-fi system and sink unit. Wooden swing doors at the back of the bar lead into the kitchen and food preparation area with stainless steel work tables, four burner stove with oven, griddle, fryer, bread oven, microwave, sandwich toaster, two chest freezers, upright fridge/freezer, glass washer, hand wash sink and a large double pot wash sink.

Notes:
A first class business with top quality equipment and furnishings in an enviable location that is just waiting for someone to turn it into the business it should be. It is suitable for a small family or a couple with some staff and perhaps with some experience in running a large licensed establishment.

Premises Dimensions:
Inside: 110 Sq. metres
Outside: 85 Sq. metres

Finance:
A considerable amount of money has been spent on the business to bring it up to the current excellent standard and this is reflected in the asking price. The rental charge and daily running costs are average for the type of business and also for the location.

Rent:
£860 per month

Asking Price:
€100980

Property information

Real Estate:

Lease

Location:

The business is located on the front line and commands magnificent views across the bay of Palma and along some 5 kilometres of wide sandy beach. Other bars and restaurants as well as several hotels and both holiday and residential apartment complexes are in the near vicinity of the business. With the recent refurbishment of the promenade, including a new cycle path, there is steady passing trade all year long. The large international marina and the resort centre are but a few minutes walk away and due to open in late 2006 will be the new Palma aquarium, which should be a major tourist attraction and is only two minutes from the bar. The resort is cosmopolitan and is one of the longest established on the island, particularly favoured by British tourists.

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