Fantastic Sports Bar Freehold For Sale

Business description

This full business is being offered for freehold sale. The business has been created as two SL (Spanish Registered) businesses, the sale includes both SLs. The first SL owns the building and the second SL owns the bar operation this allows any new owners to sell the traspaso (estimate €150,000) and receive a regular rental income (estimate €2000 per month) if they were looking for an investment business rather than to operate the business themselves.

Established for over 12 years this bar is widely recognised in the resort by locals and many tourists that come back year after year to Costa Teguise on holiday. The owners work in the bar and this is most obviously shown with the fantastically designed compact kitchen – which one of the owners designed to be able to cope with the number of meals she had to prepare at 3pm on a Saturday when everyone piles in for the football. All through the bar are practical and space saving ideas that the owners have done to maximise the space – all of the bench seating features storage space, there are storage cupboards built in to wall space around the games area.

This is the true sports bar in Costa Teguise with 10 of the most up-to date satellite systems and 9 TVs this bar is able to show 9 different fixtures at the same time. Although football is the most popular sport watched on TV the systems allow the owners to show rugby league, rugby union, formula 1, tennis, darts, golf and much more ensuring that whatever game any customer requests they can show it.

The bar just doesn’t stop with food and football and also has many entertainments evenings, a pool table, a playstation and even (keeping up with the trends) a Nintendo Wii. Income wise the bar not only receives money from the pool table, but has a payphone on the bar, an internet PC, a bar top games/quiz machine and kids balls machines – all of which generate a nice side income and provide the families with a distraction for the younger visitors.

The terrace (being situated in a commercial centre) offers a limited sea view but is essentially covered and is very sheltered, due to it’s facing, from the winds that bring so many windsurfers to the resort. With two gas heaters and large umbrellas in the uncovered section the terrace is more than just a terrace for the bar and provides the bar with a consistent extension to their seating area day and night.

Property information

Real Estate:

Real Property Included

Location:

On the first floor of a commercial centre in centre of the resort of Costa Teguise, Lanzarote.

Other information

Competition / Market:

There is no sports bar to rival the established base of this bar!

Support & training:

The owners having created this business and run it for the past 12 years will be willing to support and train the new owners to ensure complete consistency with the existing client base!

Reasons for selling:

Retirement!

Trading hours:

6am - 2am

Financing available:

We are able to assist any potential buyers with financing of up to 60% of the freehold valuation.

Furniture / Fixtures value:

€15,000

Inventory / Stock value:

€1,500

Related documents:

• More Information

Contact the seller

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

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