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Magalluf - Large Music Bar / Family Pub
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Ref: Finder 1410
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Area: South West
Tenure: Freehold
Term:
Price: € 901,500
(approx £ 619,355)
Other:
Traspaso option available at 300,500€ with a monthly rent of 3,000€.
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A huge business opportunity in every respect, only for sale due to the wish of the owner/seller to retire after 19 successful years! The seller has indicated to us that net profits to himself after all operating expenses currently amount to approx 110,000€ (£95,000) per five month season.
The premises are large, with an ‘official’ licenced capacity of 274 persons inside (will, and does hold many, many more) plus outside terracing to two sides for the same number again. Modern decoration, and right up to date with the stringent noise regulations imposed by the local authorities. Three separate entrances.
Immaculate decor, furnishings and equipment throughout - no expense has been spared in maintaining this bar to the highest standard. Ceramic flooring, huge ‘working’ bar area with pine counters, quality pine & wicker furnishings, full air-con, fully equipped DJ station, 3 dish Sat TV system (every channel imaginable), large screen TV’s, etc, etc.
Excellent, fully equipped commercial kitchen.
FREEHOLD OPTION AVAILABLE AT 901,500€ (APPROX £631,050) COMMENT:
A business of this size is most definitely not for the faint hearted, although having said that, a person with management and organisational skills may find it easier to operate than a young couple working all hours to maintain a living in a small bar that cannot support staff. Immaculately clean throughout, a really professional operation.
The seller would be willing to stay on as required for a full season in order to assist the purchaser to ‘settle’ in.
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