Large Bar & Restaurant with Late Licence For Sale

Business description

This very large premises situated in the old canarian surfing town of Caleta De Famara has got a reliable tourist and local trade. The bar business has grown over the past 8 years out of the owner's passion for live music and there have been famous musicians playing here. The premises are separated in to four rooms, a large bar/restaurant area, a kitchen, a washroom and a coffee shop. The kitchen is a good size at about 16m2 and the washroom has been separated from this and is 7m2. The bar area, which includes a floating stage and PA system is large and has spacious table seating throughout. The coffee shop makes a good amount of money when it opens in the summer from locals and tourists visiting the town beach and the old canarian housing nearby. The bar business also has a late licence which allows them to be the only bar open in the town until 4am which has its obvious advantages. There are many opportunities to expand the current business and it's opening hours for the right person.

Property information

Real Estate:

Lease

Lease terms:

New 10 year lease with amazingly low rent available to new owners

Location:

The business is located on a side street in the town leading to the town beach, promenade and touritic places

Other information

Expansion potential:

Opening hours and offering could be changed to gain passing day tourist trade

Competition / Market:

There are no other late licenced premises in the town

Support & training:

The current owner will be willing to give a transfer time to the new owners should they wish

Reasons for selling:

Returning to home country with family

Trading hours:

Varies from Winter to Summer but can open from 10am - 4am

Furniture / Fixtures value:

€30,000

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.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.