Buy a Price Changed British Pub Restaurant For Sale business for sale in Lanzarote on BusinessesForSale.com

  • Advert ID: 629315
  • (Seller ref: LBS18 - CT4)

Price Changed British Pub Restaurant For Sale


Location:
Category:
Asking price:
€219,000
Sales revenue:
€350,000
Net profit:
€120,000
Years established:
12
Employees:
2


This traditional Cornish pub restaurant has a great seafront location and authentic decoration inside - if you are not facing the sea the feeling you get is that you could be sat in a cozy pub back home. The pub opened its doors in 1996 and the original owners are now putting it up for sale so that they can retire. This pub restaurant boasts a proper pub kitchen and as such has a fantastically steady year round trade with good peaks during the high seasons of summer holidays and Christmas holidays. Although predominantely making its money from the restaurant this bar is equipped with up to date satellite systems allowing their customers to enjoy their dinner and watch all of the big games. With a business built up on reputation this pub should be of interest to an existing landlord or landlady wishing to make a move abroad.


Real Estate:
Lease
Lease terms:
A new five year lease will be available to new owners.
Location:
This pub restaurant is situated on the main promenade in Costa Teguise - with fantastic views over the bay and beach of Las Curachas

Expansion potential:
This pub restaurant has got a large kitchen and so the food offering could easily be changed to a different type of cuisine if this were to interest new owners.
Support & training:
The existing owner would be proud to share all of their knowledge with new owners and would be willing to complete a month handover process to ensure consistency for customers.
Reasons for selling:
Retirement - After 12 years running this busy food pub restaurant the owners have decided it is their time to spend more time on the beach.
Trading hours:
9am - Midnight
Furniture / Fixtures value:
€25,000
Inventory / Stock value:
€2,000
Related documents:

For more information about this business for sale, click the Contact Seller button.

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