Busy British Sports & Food Pub Lanzarote Traspaso For Sale

Business description

This traditional British Pub has been operating under the same ownership since it opened 12 years ago. Situated on the main promenade (Paseo Del Mar) in Costa Teguise overlooking the main bay and beaches of Las Curachas the terrace of this bar has some of the best sheltered views in the resort.

With a great local and repeat tourist trade this bar has always been popular as the first pub to be open in this location. With the owners coming from Birmingham there is always a good amount of Blue noses, Baggies and Villa fans crowding in to watch one of their many Saturday kick offs and each of the barmaids will tell you which is the best team to follow.

Sharing a 3m dish with another bar, this pub is able to show all of the sky channels including BBC and ITV (which in the Canary Islands you need a large dish for). There are two Sky boxes, one Digital+ system and two Showtime subscriptions allowing for extensive sports coverage.

There is a full 360 photo of the pub below.

Property information

Real Estate:

Lease

Lease terms:

A new 5 year lease will be available to the new owners.

Location:

This pub is situated on the main seafront promenade overlooking the bay at Las Curachas beach.

Other information

Expansion potential:

This unit could easily be converted in to high end retail or even a restaurant with stunning views!

Competition / Market:

This area has a lot of different bars, but this pub has got a hugely reliable repeat tourist and local trade (having been the first pub opened in the area 12 years ago).

Support & training:

The current owner would be willing to assist with the transfer process to whatever level new owners would want.

Reasons for selling:

Other businesses taking too much time and focus from this business - meaning this pub currently operates with bar management reducing the profitablity for the current owner down dramatically - although still producing a good profit new owners would make more profit by working the business themselves.

Trading hours:

6am - 2am

Furniture / Fixtures value:

€15,000

Inventory / Stock value:

€1,500

Related documents:

• 360 Photo

• More Information

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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