Bar For Sale

Business description

Comments:
Popular all year round bar of excellent quality and with expansive maturely planted garden terraces. The business is up and running thus providing a genuine walk in and trade opportunity with eccellent scope to develop food trade with the currently under used kitchen. Low overheads and very low rent for the size and the prominent location.

Current Operation:
This lovely bar, with its expansive terraces that are planted with mature palms and tropical plants, has been a popular watering hole for tourists and local residents for some years and has only come onto the market due to the current owners wishing to pursue other business ventures. The bar opens all year providing drinks and a varied bar snack menu, but all the basic facilities are there to upgrade the business into a cafeteria, subject to the correct licences being applied for. The business can be entered from the street up a couple of steps and comprises of a large front and side terrace with a further small raised terrace. There is seating for 45 people on bar stools at high ball tables, metal framed chairs and on the raised terrace sofas and easy chairs. A functioning well on the terrace is used to irrigate the plants. The bar itself has two entrances, one at the front and another at the side, attractive arched windows, and is decorated in rag washed lemon and terracotta. A further 26 people can be seated inside on bar stools and wooden chairs. To one end of the bar is a working stone fireplace which is an ideal place to gather round on chilly winter evenings, and two fully tiled public washrooms. The bar itself has a solid wood top and a local stone facia and comes equipped with bottle cooler, beer dispensing equipment, four door stainless steel fridge, glass washer, ice maker, electronic cash register, good quality hi-fi system and sink unit. Swing doors behind the bar lead into the spacious kitchen which at the present is not being used to its full capacity. Equipment includes stainless steel work tables, two microwaves, food slicer, freezer, upright fridge/freezer, dishwasher, juicer and sink unit. Beyond the kitchen is a small courtyard which is used for storage purposes and two other storage facilities are situated on the side terrace.

Notes:
Here is a magnificent opportunity for a couple or small family to take over an established, up and running business which has the potential to become even more profitable. Average rent and running costs means that with the correct application this business should provide an excellent introduction into running a business on Mallorca.

Premises Dimensions:
Inside: 60 Sq. metres

Finance:
Both the rent and the day to day running costs are reasonable for a business of this size and quality. Obtaining the correct licences for a cafeteria and so opening up the kitchen fully to provide a more extensive menu, should increase the turnover of the business immensely.

Rent:
£560 per month

Asking Price:
€74250

Property information

Real Estate:

Lease

Location:

The bar is located on a side street just off the main boulevard and shopping street in the resort and only two minutes from the delightful sandy beach. There are several hotels and apartment complexes surrounding the business, all of which provide plenty of passing trade. The resort is a very cosmopolitan one but for some years has been favoured by both German and British tourists.

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