Restaurant and Bar For Sale

Business description

The fond du commerce is for sale with a licence IV i.e. allowed to sell all alcohol
Established for six and a half years
44 covers in the restaurant, 36 covers on the terrasses, room for about 20 in the bar
50 meters from the beach at Mimizan Plage
Large pleasant kitchen
Basic accomodation for two down stairs
Lots of storage space

Property information

Real Estate:

Lease

Lease terms:

9 year rolling lease
The buyer would have 2 years of our lease and automatically 9 more years; at the end of which they would be able to continue another 9 years
The rent is 768,45€ a month

Living accommodation:

There is a bedroom, lounge area and shower room, which is basic but could be improved with little cost

Location:

On the road that runs parallel with the ocean, just 50 meters from the closest entrance to the main beach, opposite another restaurant and a few minutes walk into the center

Other information

Expansion potential:

Seafood would be a good idea and plate of the day or menu of the day
You could be open all day during the high season and weekends

Competition / Market:

There are lots of other restaurants, so it is a good idea to have a few things on the menu that are a bit different to the rest High season is busy for everyone. July and August being the high season.

Support & training:

We could be on hand for the new owners as we are only moving to the lake just 6km away where we have bought a new restaurant

Reasons for selling:

We have bought a new restaurant that has to be open in 2009

Trading hours:

12 - 2 and 7.30pm - 2am

Furniture / Fixtures value:

€18,000 (included in the asking price)