Restaurant For Sale

Business description

Comments:
Bargain priced, cosy bistro style restaurant lying in one of Palma's busiest night time areas. Close to hotels and immediately opposite major new apartment developments the business is also a stone's throw from the large international marina and will trade well all year. Low overheads, especially the rent offer high profitability for minimal effort.

Current Operation:
This bistro style restaurant trades all year in an area of Palma renowned for its nightlife, providing a small but select Mediterranean style menu that is constantly changing. The business is currently only open at night. The business is entered directly from a busy street into an air conditioned restaurant that is decorated in rag washed terracotta with multi-coloured friezes on the walls, giving a modern but cosy feel to the dining area. There is seating inside for up to 20 people on high backed wooden chairs at wooden tables that are arranged around a central pillar in the restaurant, which tends to break up the space and create a more intimate ambience. Two fully tiled public washrooms and a small storage room are located at the rear of the restaurant. The small bar has a solid wood top with a stone facia with glass display shelving and its equipment includes a stainless steel sink unit and a computer system with printer linked to the music and billing systems. Alongside the bar is a coffee machine seated on a stainless steel cabinet, and a small upright fridge. Directly behind the bar through a set of swing doors is the compact kitchen equipped with a four door stainless steel fridge, two microwaves, a six burner stove and oven, an upright stainless steel fridge, an upright fridge/freezer, a small chest freezer, an extraction unit and a sink unit. The premises are fully alarmed and protected by retractable security grills to the front.

Notes:
A nice cosy bistro style restaurant, which would be ideal for an aspiring chef with or without experience, who wishes to have a quality business away from the burger and chips concept of the main tourist destinations. The business would suit a couple or a single person with staff, and at the current asking price is a bargain in our view.

Premises Dimensions:
Inside: 40 Sq. metres

Finance:
Considering the general good order and the location of the business the asking price and incredibly low rental charge are very reasonable indeed. Day to day running costs are below average and new owners with the correct approach should be able to sustain a good standard of living from the business.

Rent:
£600 per month

Asking Price:
€53325

Property information

Real Estate:

Lease

Location:

The business is located in an area of Palma that is renowned for its night life, with an abundance of clubs and bars in the near vicinity. This area is currently undergoing an enormous facelift for which local council has laid aside a huge amount of money to complete. The main port and ferry terminal are a few minutes from the business as are a number of good quality hotels. All the major tourist attractions of Palma are within easy reach.

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