Restaurant For Sale

Business description

Comments:
A fabulous restaurant with large terrace located on the sea front promenade in well established all year round resort. The overall standard of furniture and equipment is outstanding and the earnings potential is fantastic.

Current Operation:
This large newly refurbished bar/restaurant situated overlooking the wonderful beach in this well established resort has surprisingly come onto the market due to the present owner’s other business commitments. The very large front terrace, entered from the semi pedestrianised street, can be partially covered with an overhead retractable awning and can seat 80 people on wicker style chairs. Attractive panels to one side of the terrace are painted with murals depicting a tropical scene with parrots and other exotic birds and animals. An ice cream dispensing freezer and a soft scoop ice cream machine are also situated on the terrace and there is a lockable storeroom used for the storage of barrels and crates. The interior has been decorated in pastel colours with wooden panelling to two walls and can seat a further 20 people on again wicker chairs and wooden bar chairs. The large bar area has a central serving station and can serve both the terrace and the internal bar at the same time. Equipment includes stainless steel bottle chillers, beer dispensing equipment, coffee machine with grinder, computerised cash register and sink unit. To one side of the bar area there are two public washrooms, a disabled washroom and a staff toilet and shower facility, all of which have natural stone cladding to the walls. In this area is a small office with desk, chair and filing cabinet. The kitchen to the rear of the bar is vast and of hotel standard with stainless steel appliances and work surfaces. Equipment includes a double pizza oven, six burner stove with oven, griddle, extraction system, industrial mixer, food slicer, microwave, mini grill, dishwasher, stainless steel fridges and freezers, pot wash sinks and a walk in larder.

Notes:
This is a serious money making business that is not for the faint hearted or the inexperienced. It is suitable for a couple or a small family with staff in the summer months and is crying out to be established with its own identity. If the required effort is put in this business could provide a very good standard of living.

Premises Dimensions:
Inside: 250 Sq. metres
Outside: 150 Sq. metres

Finance:
Although a substantial initial investment, new owners are getting one of the best equipped bar/restaurants in the area, if not on the island! Rental and daily running costs are average for the size and location of the business.

Rent:
£1,285 per momth

Asking Price:
€125550

Property information

Real Estate:

Lease

Location:

The business is located on the sea front promenade overlooking the magnificent beach which runs for some 5 kilometres around the bay of Palma. Several hotels and apartments as well as other bars, restaurants and shops surround the business, bringing plenty of passing trade. The resort centre is just a couple of minutes away and the large international marina only five minutes walk away. The resort has long been established and is a favourite with British holidaymakers as well as having a large number of British residents.

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