Leasehold €150,000 Freehold Available – €349,000 Price Reduced!
. All Year Round Trade
. Six Figure Net Profit
. Great Location
. Quality Bar
A fantastic opportunity to purchase the leasehold with an option to purchase if desired of this well established and highly profitable bar or the freehold . The bar is located in an excellent spot on the edge of a large urbanisation and just minutes from the coast and centre of San Pedro.
It is very popular with all nationalities including British, Spanish, Scandinavian and other European nationalities due to the location.
Since opening 13 years ago the current owners have increased turnover and profits year on year and it the only official sports bar of its type in the area making it extremely popular all year round.
There are 5 live football systems that feature every Premiership and European matches plus all live sports.
There is also fantastic sounds system in place for live entertainment and the business has a full, legal music license. 45,000 Euros was recently spent on sound proofing the bar meaning that noise is kept to a minimum and music can be played until late with no problems. Internally the furnishings and holdings are worth over 100,000 Euros and features include air conditioning units, fully equipped and fitted kitchen, chairs, tables, pool table, televisions and an ice machine.
The bar is well known for its superb daily food menu and is extremely popular on Sundays with regulars and new visitors attending for Sunday lunch. There are regular weekly and monthly events such as poker nights, pool league and a golf society.
This is a unique opportunity to purchase and walk right into a thriving bar establishment right before the main summer season – the current owners are willing to assist with a 3 month handover period to assure a smooth transition and there are currently 6 contracted staff who understand the full workings of the bar.
Financial information is available upon signing a non disclosure agreement and upon arranging a serious viewing of the business.
Rent: €1,000 per month
Lease: 5 Year Rolling
Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should, therefore, be arranged through the vendor’s agents Business Broker Spain. Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.”