Restaurant For Sale

Business description

Comments:
This is surely one of Mallorca's best presented Irish theme bars. The premises are spacious both inside and on the terrace and located in one of Palma's busiest areas with large volumes of passing trade all day long and well into the night. The business is well established with genuine all year round trade and of the highest quality throughout.

Current Operation:
This traditional Irish style “pub” has to be one of the best presented bars of its type on the island let alone Palma where it is located. Sumptuous décor, authentic lighting and extensive use of wood both in the fittings and furniture give off an atmosphere of drinking and dining in a bygone age. The premises are entered from the street where at the present there is seating for 25 people on the terrace but there is space to accommodate many more. The terrace has a permanent canopy above and retractable blinds provide even more shade and protection from the weather if needed. The front of the premises is protected by metal security grills. Large glazed doors lead into the spacious air conditioned bar and dining area which is decorated in a deep red with contrasting wooden panelling on the walls and bar facia. Up to 50 people can be seated comfortably on bar stools and wooden chairs and bench style seating in this area. Two fully tiled public washrooms can be found at the rear of the main bar. The bar itself has a traditional solid wood top, plenty of storage both above and behind and comes equipped with two bottle coolers, beer dispensing equipment, coffee machine with grinder, electronic cash register, chilled bottle display cabinet, good quality hi-fi system, wall mounted colour television with satellite system and a double sink unit. At the back of the bar there is a doorway, which leads to the fully equipped kitchen including a six burner stove and oven, extraction unit, charcoal barbeque grill, double fryer, microwave, dishwasher, two stainless steel fridges and double sink unit. With access from both the kitchen and the main bar are two large rooms the larger of which was used as a private function or dining room but now is being used just for storage. The smaller of the rooms contains various fridges, freezers and chillers. Also off of this room is the tiled staff toilet and washing facility. The business comes complete with 2 private parking spaces.

Notes:
This is one of the most authentic Irish “pubs” on the island and commands a prominent position in an area of Palma that has a large business and residential community during the day and a lively and exciting nightlife. The business would be ideal for a small family or a couple with some staff, perhaps with some catering and brewing industry experience as this is not just a starter bar. With a little flair and imagination this business could be turned into the goldmine it deserves to be.

Premises Dimensions:
Inside: 200 Sq. metres
Outside: 50 Sq. metres

Finance:
A serious investment initially , but one that could reap big rewards given the correct approach. A big bonus is the rent and running costs which for the size and location of the business are remarkably low.

Rent:
£685 per month

Asking Price:
€259200

Property information

Real Estate:

Lease

Location:

The business is located on the main street in an area of Palma that has long been renowned for its restaurants and vibrant nightlife, populated not just with local residents but also the many tourists from all nations that visit Palma all year round. There are hotels and apartments that surround the business but it is the variety and array of nightlife in particular that attracts people to this area. Saying that, the area also thrives during the day as there are many businesses and companies locally as well as the hotels all of which provide passing trade.

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