Restaurant In Sa Coma For Sale

Business description

Comments:
A serious investment but an absolutely fabulous business in every respect that in the right hands could become one of the top entertainment and dining venues in the area. Assistance from the Guiness Company has helped create an authentic Irish theme in the establishment and all equipmemt and furnishings are of the highest standard. Spacious inside and with large sunny terrace outside the business can cater for serious numbers and incomes to match. If you are looking for an investment of this size then this is one of the best opportunities that you will come across.

Current Operation:
This business, once an Italian restaurant and pizza parlour, has recently been transformed into the resort’s premier restaurant and cabaret bar with a definite Irish theme. The business has only been trading for a year or so in its current theme but has already built up a strong tourist and local resident trade. The business has all the requirements needed to present late night music and live entertainment such as double glazing, sound proofing, double door entrance, smoke extraction and air conditioning. At the front of the premises is a sizable communal terrace used by the bar next door and the local residents in the apartments above. There is no trouble in putting several tables onto this public area and, in fact, the local community encourages it. This terrace, combined with the covered terrace at the front of the premises, can easily seat 112 people. Go through the double door entrance and into a large bar area where there is seating for over 100 people on bar stools and upholstered bench seating. Extensive use of wooden panelling and wooden fixtures along with many theme related artefacts and pictures contribute to the ambience and feel of a typical Irish pub. The bar holds nightly live entertainment during the summer and this is presented on a raised stage to one side of the bar with a small dance floor in front and a professional lighting gantry above. A fully equipped disc jockey console with amplifiers, compact disc players, mixing desk and the lighting control panel is situated to one side of the stage. In addition to this there are, situated throughout the bar, three colour televisions and three projection television systems with pull down screens all with satellite reception and which shows all the major sporting events. The long wooden topped bar is equipped with bottle cooler, beer dispensing equipment, chilled display cabinets, electronic cash registers, glass washer and sink units. The cellar below the bar has been designed by the Guinness Company itself and comprises of four separate tiled and individually chilled rooms kept at the optimum temperature to store the Guinness beer. This has allowed the business to obtain an official endorsement from Guinness. Swing doors alongside the bar lead into the spacious kitchen that is equipped with stainless steel worktables, four burner stove with oven, griddle, extraction system, electric soup tureen, electric rice cooker, five microwaves, two Bain Maries, four domestic fridges, upright freezer, glass washer, separate hand wash sink and a large double pot wash sink unit. There are two staff toilet and shower facilities and in the basement storage area further freezers and fridges. The public washrooms are tiled and modern and are situated to one side of the bar. A dedicated games room separate from the main bar but monitored by CCTV from behind the bar includes pool tables, air hockey, table football and various coin operated amusement machines. The business is protected by metal security grills to the front, all rear windows have fixed metal grills and there is also a full alarm system.

Notes:
This business is not for the first time buyer or the faint hearted, but could be a fantastic opportunity for someone with previous knowledge of running a nightclub or cabaret club. The business requires about 12 people to run it in the summer but if open in the winter could be run by a small family. The earning potential of the business is vast and could easily become one of the premier entertainment venues on the east coast of Mallorca.

Premises Dimensions:
Inside: 320 Sq. metres
Outside: 64 Sq. metres

Finance:
The business is being offered on a freehold basis only and therefore represents a substantial initial investment for new owners. Run correctly, and with the new hotel and apartments opening soon adding to the possibility of perhaps partial winter trading, along with the already booming summer trade, new owners should be able to see a quick return on that initial investment.

Asking Price:
€859950

Property information

Real Estate:

Real Property Included

Location:

The bar is located on a busy road that links two popular family orientated resorts amongst other bars and restaurants and with good shops nearby. There are several hotels and apartment complexes in the near vicinity of the business and a new hotel and apartment complex is being built virtually alongside. Both the nearby resorts boast wide sandy beaches and safe bathing which are easily reached in a few minutes from the bar. The resorts accommodate tourists of all nationalities but are particularly popular with the British.

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