Pool Side Bar and Restaurant For Sale

Business description

Fantastic Opportunity to purchase 2 Business´s for the price of 1 - Serious Offers Considered...
Pool-side Bar/Restaurant and Property Management Business, SL registered. Situated in one of the Costa del Sol´s most popular holiday Urbanisations.
This holiday home complex has 180 apartments, sub tropical gardens and 3 swimming pools. The Management Company has been established for 7 years and currently services approximately 43 holiday apartments and is expanding. Rental income per apartment is approximately 115 euros per night high season of which around 25/30% is retained with extra income coming from maintenance, car hire, cleaning, etc. The company employees one full-time multi lingual employee who takes care of many tasks including marketing the business and general administration there is also a small cleaning team. Holiday clients are generated via websites and Europes leading travel operators this creates high levels of occupancy. There is an existing website but the current owners are engaged in constructing a new website. The pool side Bar/Restaurant is set in the centre of the complex with a large swimming and terrace area next to it. The large terrace and garden is perfect setting to serve drinks and snacks all day long and BBQ´s during the evening, the terrace can seat approx 60 - 70 people. The bar has huge potential and with some basic updating and a few pieces of new equipment in the open plan kitchen. The bar is approx 120m2 seating 40-50 people. Live entertainment is permitted on a Friday and Saturday evenings, also extra income could be generated from a pool table and other entertainment machines for children. This is an ideal business opportunity for a large family or 2 couples , viewing essential to fully understand both business´s.
Bar/Restaurant rent is currently 600 pcm with a 5 year renewable lease.

Property information

Lease terms:

Sale Price: €54000

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