Beachfront Cabaret Bar & Restaurant Costa Teguise Traspaso For Sale

Business description

This highly popular cabaret bar and restaurant is situated on the seafront promenade overlooking the large beach of Las Curachas in Costa Teguise, Lanzarote. Having been open now for over four years this well run and highly profitable business is being offered for traspaso (leasehold) sale. The bar was opened from new and as the 360^ photo shows there was no expense spared with the build and all equipment being brand new.

To enter the bar you walk through the large outside terrace area which is glazed to the sides and has the most fantastic view over the whole beach and bay at Las Curachas. The outside terrace area provides seating for 36 standard but can be increased as the demand requires over the hottest summer months.

The bar is open to the front and so tables inside are sheltered from the hot suns rays but still afford the same fantastic view. The front design also allows the terrace area and the main seating area to bond with no visible border this ensures the inside is light and airy. The inside is separated in to two separate areas, the main downstairs floor space that consists of seating for 85 people and then a mezzanine area to the back which has additional seating for 24 people.

Although being open to the front the owners have not spared any expense and the whole bar is fully air-conditioned with two large air-conditioning units and 8 external fans (essential when the bar is full for the evenings entertainment).

TAKE A LOOK AT THE 360 PHOTO BELOW TO SEE THE FULL BUSINESS INSIDE (takes a short while to load)!

Property information

Real Estate:

Lease

Lease terms:

A brand new 10 year lease is being offered by the owner to new leaseholders.

Location:

Beachfront of the largest beach in Costa Teguise.

Other information

Competition / Market:

This is the largest seafront or beachfront bar in the resort!

Support & training:

The owners are prepared to carry out a long handover period with new owners as the new owners require.

Trading hours:

10am - 2am

Furniture / Fixtures value:

€35,000 (included in the asking price)

Inventory / Stock value:

€5,000 (included in the asking price)

Related documents:

• 360 Photo