Restaurant For Sale

Business description

Asking Price: € 475.000 or nearest offer (Leasehold) - RECENTLY REDUCED

• 7 Rink Championship Bowling Green
• Recently Fitted Lounge Bar
• 110 Cover Separate Restaurant
• 7 Day 2am Music Licence
• Excellent Levels Of Trade Throughout

Exciting opportunity to further develop this established business which is a Longe Bar/Restaurant and Bowling green. Large terrace overlooking the 7 rink bowling green where over 100 members play regularly. Internally the recently refurbished lounge bar and Restaurant attracts clients from throughout the local area and in addition benefit from excellent seasonal trade. The business is currently undergoing upgrade to International Bowling Club standard. Ideal opportunity for entrepeuner or enterprising couple to take this opportunity even further forward.

A captive market is taken from the 100+ bowling club members paying annual fees and using the outstanding facilities offered. Additionally, by way of the established ex-pat community and being located away from the main town centre, the separate lounge bar and Restaurant prove equally popular. Lounge bar with 140 covers, Restaurant with 110 covers and terraces catering for 24 more, this is a complex rather than just a business and given both current trading levels and development potential, respresents an exceptionally rare opportunity.

Separate adjacent building comprising of 4 snooker tables, large bar, extensive terracing and oustide pool may also be available by negotiation, as is the freehold.

The property comprises of 440m2 overall, comprising of 200m2 in the bar and 150m2 in the Restaurant with 110 covers. Fully equipped commercial catering kitchen. Ladies/Gents WC´s with disabled access. Store room and staff WC.

Externally on 3000m2 plot is a 7 rink bowling green. There is also a front terrace with 24 covers and has circa 40m2. There is also a veranda with 24 covers having full views of sea and salinas.

The current owners trade from 9am until close, seven days a week. The lease is renewable every 20 years at the current rent of 10,000 Euros per month.

Opportunity exists to buy Freehold and either Leasehold or Freehold of adjacent business including Large Bar, Private Snooker Room (4 tables), Large Terrace and Swimming Pool - by seperate negotiation.

Viewing Arrangements

Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor’s agents RTA.

RTA will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.

Property information

Real Estate:

Lease