Restaurant In Paguera For Sale

Business description

Comments:
A very attractive and well established business in excellent condition throughout. Popular as a locals bar as much as a holiday bar with a sunny terrace and enclosed children's play area the bar is very family orientated. At present the business only offers simple snacks but has a restaurant license so would make a fabulous little bistro and offers any aspiring chef an excellent opportunity to establish a foothold on the island. Will trade all year round and only available due to family committments.

Current Operation:
This business trades all year and holds a restaurant licence which the current owners do not utilise to its full extent, being content to serve drinks and hot and cold snacks, to both tourists and the local resident population. The premises have a sunny front terrace which is slightly raised from the pedestrian walkway where there is seating for 20 people on cane chairs. Retractable awnings above and to the sides of the terrace provide welcome shade in summer months and protection from winter winds. A self-contained children’s play area has been constructed at the side of the building, with various toys and games available. The bar itself has wooden beams set into the whitewashed walls with a mock Mallorcan tiled canopy over the bar. There is seating for a further 18 people inside on bar stools and wooden chairs, where 4 wall mounted colour televisions, linked to a satellite system, and a quiz machine are provided for the entertainment of customers. The attractive bar has a solid wood top and comes complete with bottle cooler, beer dispensing equipment, coffee machine with grinder, electronic cash register, hi-fi system and sink unit. The kitchen is equipped to cater for a restaurant menu and includes four burner stove with oven, double fryer, extraction system, two microwaves, sandwich toaster, toaster, stainless steel fridge, a variety of freezers and fridges and double sink unit. At the rear of the bar are two fully tiled public washrooms and a storeroom with a staff shower and toilet facility.

Notes:
This is a very tidy and well presented business that would be ideally suited for a couple with perhaps some catering experience, or a chef who wishes to create his or her own menu from scratch. With the restaurant licence there is exceptional scope to develop a menu in almost any style and these premises would lend themselves well to an up market bistro type operation.

Premises Dimensions:
Inside: 40 Sq. metres

Finance:
This is a well established, well run business with reasonable overheads and a realistic selling price. Providing the correct trading procedures are adhered to, new owners should be able to maintain a comfortable lifestyle from the business.

Rent:
£575 per month

Asking Price:
€59400

Property information

Real Estate:

Lease

Location:

The business is located just off the main shopping boulevard and two minutes from the magnificent beach, in this ever popular holiday resort. The resort is cosmopolitan by nature, generally up market and attracts tourists all year round. There are hotels adjacent and opposite, with several more nearby providing plenty of passing trade.