Cafe Bar For Sale

Business description

A large, city centre, landmark theme cafe bar, with a substantial food orientation, dealing with both native and foreigners, tourists and residents, through the day and well in to the night. The theme bar is situated in one of the busiest streets in the main shopping area of the town with all the best high street shops present. All of the parades, fairs or unusual events (New Year´s Eve parties etc.) occur in this area, in front of the theme cafe bar. There is more than ample parking, provided by the largest underground parking in the area, the entrance to which is 20 metres from the front door of the theme cafe bar.
Ground floor : This late 19th century building has 3 floors, with an impressive facade. The total floor space covers approximately 400 m2. The main bar is long, located just inside the door, and is visible from the street. The low beamed ceiling and profusion of wood at the snug-style table areas in this section, imparts a very cosy feel. The "extension" area, with a much higher roof, is more open-plan and contains the bulk of the cafe bar trading area, as well as the 2nd bar counter, the toilets (including handicapped), pool table and darts. The large beer garden at the rear is, without doubt, one of the prettiest in the area. It´s side- walls are fitted with traditional Irish shop facades creating the impression a self contained Irish street. It´s mandarin fruit tree yields fruit several times a year. The third bar counter here makes the beer garden come alive in the warmer months. The section containing the rear fire escape, also incorporates an extensive store area, plus it´s own patio. It is actually a separate rental contract. An architect´s plan exists to turn this in to a tapa´s bar, with tables on the pavement, as the street that it opens on to already has a some of the town´s busiest tapa´s bars. This spacious fully fitted, professional kitchen has been recently rewired, and also has a separate wash up area and separate storage area. The capacity of the existing kitchen installation far exceeds the existing potential of the cafe bar. It could easily be used to service another outlet.
The cellar area has it´s own cold room, the motor of which has just been replaced. First floor : The stairwell leads up to a long, roofed, mezzanine level, half open to the fresh air. This area is frequently used for private functions as it is a separate area. There are 2 sets of toilets here. On the left is, what was previously the kitchen. It is still fully tiled and could be reused as such without much alteration. All that is required is the equipment. Likewise extraction presents little or no problem as there are no neighbours to affect. The storage section is separate but adjoining. The main area (at present used for offices & storage) is substantial, with 2 external balconies with floor to ceiling doors, and one glass enclosed balcony. Top floor : A narrow stairwell leads to the attic which is a secure office and storage area. There is space for up to 6 desks under a sloping roof. The control station for the C.C.T.V. is here. The rear facing terrace of approximately 10 m2. is railed off. The main lease ends in 2017. The option to renew exists and may negotiated with the freeholder. The rent (of slightly over 3,000 euros) compares extremely well with other larger, less favourable locations nearby. If, in the future, the freeholder wants to buy out the lease, it would be on very advantageous terms to the leaseholder. The rent increases by the official rate of inflation each year. At the termination of the lease, the rent can only be doubled. This is to take into account the rapid rise in property inflation. Even with his doubling, it will place the rent at one of the lowest per m2 of any in the area, while the premises is occupying one of the best sites in the town. The second lease (the rent herefor is 1,715 euros) is solely for the provision of a fire escape to the rear of the building. It is required by law. In addition, it provides a very necessary, and more than ample storage area. The addition of an attractive patio ensures that this individual commercial premises has the strong potential to be turned into a tapa´s bar. The existing plan for this, allows for the pub falsities to be used to ensure a much more efficient use of square metres. There is no doubt that this premises can be very profit generating. Likewise, the other architect´s plan allows for a restaurant to be fitted in the first floor area. Whether this is part of the existing operating company, or an arrangement with a third party is agreed could be decided at a later date. The offer for sale, is 100% of the shares of the operating company, allowing full operational control of the business. The second lease is solely for the provision of a fire escape to the rear of the building. It is required by law. In addition, it provides a very necessary, and more than ample storage area. The addition of an attractive patio ensures that this individual commercial premises has the strong potential to be turned into a tapa´s bar. The existing plan for this, allows for the pub falsities to be used to ensure a much more efficient use of square metres. There is no doubt that this premises can be profit generating.
Likewise, the other architect´s plan allows for a restaurant to be fitted in the first floor area. Whether this is part of the existing operating company, or an arrangement with a third party is agreed could be decided at a later date. Several individuals have already expressed a strong interest. The offer for sale, is 100% of the shares of the operating company, allowing full operational control of the business.

Property information

Real Estate:

Real Property Included

Lease terms:

Sale Price: €610000

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