Bar For Sale

Business description

Comments:
An absolutely magnificent business in sea front position with passing trade all year round. The business has recently undergone considerable refurbishment and is in excellent condition in every respect. Easy to operate and lucrative all year.

Current Operation:
This bar commands stunning views across the Bay of Playa de Palma and has been recently extensively refurbished and redecorated, including a new bar top, the installation of a kitchen area and most importantly the enclosing of the terrace with pull down side and front awnings complementing the overhead canopy. The terrace is a popular suntrap in summer months, and with the recent enclosing can be used all year round. There is seating for 32 people on cane chairs some of which are only 2 months old, and a large patio heater heats up the terrace nicely in winter months. Inside has been decorated in terracotta and white and provides seating for an additional 15 people also on cane chairs and bar stools. Two fully tiled public washrooms are located at the rear of the bar. Two wall mounted colour televisions, both with the capability to receive satellite transmission are situated in the bar for customer entertainment. The bar itself has an attractive stone facia and comes complete with bottle cooler, beer dispensing equipment, coffee machine and grinder, electronic cash register, a good quality separates hi-fi system, chest freezer, chilled tapas counter and a double sink unit. Alongside the bar is a compact kitchen area, which includes a small griddle, fryer, toaster, microwave, electric hotplate, mini oven, domestic fridge and sink unit.

Notes:
This is a golden opportunity to acquire an up and running bar in an ideal sea front position with plenty of potential to improve trade and at a reasonable price. The business would ideally suit a couple with or without experience.

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

Finance:
Reasonable outgoings considering the position and quality of the bar coupled with the upgrade of the seafront makes this an attractive proposition. With the right application this bar could provide new owners with a good standard of living.

Rent:
£860 per month

Asking Price:
€78300

Property information

Real Estate:

Lease

Location:

The location of this bar could not be better, as it is on the sea front overlooking the beach and it commands extensive views all along the bay of Palma. There are several hotels within the vicinity of the business along with numerous shops, restaurants and bars. The whole of the front line has recently been upgraded, which has encouraged more passing trade than before. The resort boasts a large international marina, which the business overlooks, while the resort centre and main shopping area are only two minutes away.

Contact the seller