Restaurant In Palma Nova For Sale

Business description

Comments:
No superlative can be too much for this fabulous business. It occupies one of the very best sea front positions on the whole of Mallorca, every single detail is of the highest standard, the atmosphere is outstanding with tasteful décor, gentle lighting and air conditioning inside and sunny terrace overlooking the sea. Consistently fantastic earnings recorded over many years of same ownership.

Current Operation:
This immaculately presented front line restaurant has earned a enviable reputation for its quality of food and service over many years enabling it to attract regular customers for many miles around and ensuring that it is busy all year. The restaurant is situated on the sea front overlooking the lovely sandy beach, and caters for tourists and the local population, serving a varied international menu including grills and fish at both lunchtime and in the evenings. The premises are entered from the street and have a sunny front terrace, which can seat 30 people on wicker chairs. A retractable awning can extend over almost the whole terrace and provides welcome shade in summer months. Glazed aluminium framed doors lead into the main restaurant, which is air conditioned, can seat another 44 people on high backed wooden upholstered chairs and is decorated simply in white and pale yellow. The small details such as the crisp white net curtains and table cloths, the understated pictures and ornaments and the lighting give the restaurant a feel of elegance and style which would be hard to find other than in the centre of Palma. The bar has a marble top, wooden surrounds and ample storage behind and is fully equipped with coffee machine and grinder, bottle cooler, chilled bottle display cabinet, electronic cash register, glass washer and sink unit. A small passageway alongside the bar contains a wooden dumb waiter, wine rack and a large upright chilled display cabinet and leads to two fully tiled clean and modern public washrooms. A doorway behind the bar leads to the spacious kitchen, which is a chef’s dream, as it is fitted out with top quality stainless steel commercial quality appliances and work surfaces and can easily produce anything from a simple snack to a grand banquet. A flight of stairs at the side of the kitchen leads to the large basement area which houses further storage facilities, a walk in cold room, fridges and freezers, a staff changing area, staff fully tiled shower and toilet facility and a laundry area with two washing machines.

Notes:
This is one of the very best businesses on the island, in a fantastic location and with endless potential opportunities. The business would suit a couple or a small family with some staff needed particularly in summer months. Initially a serious investment, but one we feel will reap rewards for new owners. As businesses on Mallorca go, you really will find it hard to better this.

Premises Dimensions:
Inside: 135 Sq. metres

Finance:
The business is initially a serious investment, which is what you would expect for such a quality operation in this location but the fantastic earnings will ensure an early return of that investment. The running costs are average for the business and the rent is exceptionally low for the location and size of the premises. With the correct application new owners can expect a very good standard of living from the business and should also be able to make considerable savings.

Rent:
£1,360 per month

Asking Price:
€425250

Property information

Real Estate:

Lease

Location:

The business is located on the front line directly opposite the wide and sandy beach, and just two minutes from the marina. The restaurant sits amongst other restaurants and bars, and a number of hotels and apartment complexes are in the near vicinity of the restaurant. This up market resort is prominently British, with many ex pat residents living in the resort or the surrounding area. The location would be considered by most to be one of the very best on the whole of Mallorca. Passing trade is exceptional and many residents from all around visit the resort on a regular basis.