New Valuation Late Licenced Sports & Music Bar For Sale

Business description

New Valuation

This late licenced bar situated in a busy commercial centre in Playa Blanca is the only dedicated live music and sports venue in the resort.

With a recent change to the operation to add the sports and opening now day times as well as nights this successful business is continuing to grow. With many repeat customers of all international denominations this bar crosses borders with live music being everyone's passion.

Having only been open for just over 18 months the owner is only selling the business due to personal circumstances and has recently changed the operation to help facilitate the sale. With the fitting of this bar being so recent the bar meets all the requirements for the latest regulations for a group 3 licence (late bar licence).

The opportunities would include changing the type of entertainment being offered until the early hours as this bar has permissions to open until 3:30am. However the opportunities do not end there as the installation would allow for the licence to be easily changed to a group 2 licence (normal bar licence) which would allow the bar to open with a different offering - including fitting a kitchen to do food. The unit has bench seating to the edge and currently supports a stage (that is removable) and so it would be relatively easy to convert the bar into something else if the new owners wished.


Click on the 360 degree photo below to experience the bar

Property information

Real Estate:

Lease

Lease terms:

A new five year lease will be available to the new owners

Location:

The bar is located in a busy commercial centre in Playa Blanca that includes 6 bars, Burger King, 4 cafes, 3 restaurants and several shops and supermarkets that are open in the day.

Other information

Expansion potential:

The opportunities are endless the unit that the bar is contained in due to its layout could easily be converted in to a different type of bar or disco, to open in the day or night or both!

Competition / Market:

Currently the only live music venue in Playa Blanca there is no direct competition to its current offering.

Support & training:

The current owner will be available to assist in any way the new owners may require

Reasons for selling:

Owning more than one bar the owner has decided to spend more time with their partner and has priced the business accordingly

Trading hours:

12pm - 3am 7 days per week

Furniture / Fixtures value:

€25,000 (included in the asking price)

Inventory / Stock value:

€2,000 (included in the asking price)

Related documents:

• 360 Photo