Music Bar Disco Business For Sale

Business description

Comments:
Very popular disco bar located on the main strip in the night life area of Mallorca's most popular British resort. Fabulous atandard of equipment, furnishing and decor throughout and with decent sized outside terrace. A rare opportunity to find a business of this quality for such a reasonable price in this area.

Current Operation:
This well appointed disco/bar opens every evening for seven months of the year and at the weekends in the winter months, serving drinks and providing musical and other entertainment to mainly British holidaymakers who flock to this popular resort each year, as well as the local resident population. The large front terrace at street level can seat at present 20 people on cane chairs, but there is the space to accommodate more if desired. A flight of stairs from the terrace leads to the air conditioned main bar area with two bars, one at each side, and a central music booth. There is seating for a further 40 people on bar stools, sofas and bench style seating. Both bars have solid wood tops and include bottle coolers, beer dispensing equipment, chilled bottle display cabinets, glass washers, electronic cash registers, ice freezers and sink units. A large tiled area, which at one time was a kitchen, is situated behind one bar and contains a three door stainless steel fridge, safe and double sink unit. To the rear of the premises is a covered courtyard which houses a large chest freezer and a lockable storeroom. Two pool tables, three games machines and three wall mounted colour televisions are provided for customer entertainment. The centrally located music booth comes with twin compact disc player, amplifier, mixing desk, computer system for controlling the lights and music, DVD player and noise limiter. Two large fully tiled public washrooms can be found at one end of the bar.

Notes:
Businesses in this prime location in this resort do not come onto the market often, and when they do they are often snapped up quickly. The business would suit someone with perhaps a little knowledge of the disco business, but not necessarily so. So if you are looking for a business that could generate serious income now and in the future, an early viewing is strongly recommended.

Premises Dimensions:
Inside: 220 Sq. metres

Finance:
Average running costs means that the profitability of the business is far greater than some of comparable size and location. The premises are subject to an annual rent of 29,600 per annum of which 20,000 Euros are paid at the end of each summer season and the balance of 9,600 Euros is spread over the year and paid at the rate of 800 Euros per month. This equates to an equivalent overall monthly rent of around £1,700 which is not unreasonable for the location in question and the size of the premises. The method of payment ensures that the majority of the rent is paid when it can best be afforded and assists with monthly cash flow throughout the rest of the year.

Asking Price:
€180000

Property information

Real Estate:

Lease

Location:

The business is located on the main entertainment street in this vibrant and bustling resort with its abundance of nightlife and good sandy beach. There are numerous hotels and apartments in the near vicinity of the business, as well as other clubs, bars and restaurants. The resort really comes to life at night time and has been attracting British holidaymakers in the 18 to 30 age group for many years.

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