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Palma City - Mini Market & DVD Hire Shop
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Ref: Finder 2527
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Area: Palma
Tenure: Leasehold
Term: 10 Yrs Renewable
Rent: € 870 per Month
(approx £ 598)
Price: € 166,000
(approx £ 114,047)
Other:
A ‘safe bet’ given the location and a near monopoly on local trade. Easily run by a couple.
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This ‘Mini Market & DVD Hire’ business is well situated in a large residential area just outside Palma (close by the King’s Palace) with plenty of traffic and foot flow passing right outside, and perhaps best of all, there is no immediate competition.
The business was newly opened and so all fitments, décor and equipment are in top condition.
Wide frontage with a good sized terrace, currently used only for a soft drinks machine so very much under utilized at present. Prominent signage and roll out sun canopy.
Large air-conditioned interior of approx 125m2, neat and bright with shelving, fridge & display areas, two storage areas and a staff bathroom.
The mini-market works closely with the ‘Spar’ group (who are their main suppliers), normally restocking twice a week for groceries and drinks, but with fresh bread and pastries supplied daily. The DVD rental is also successful with two outside self service machines holding 600+ films & games used by approx 350 members.
Current opening times are 9:00am-2:00pm and 5:00pm-10:00pm Mon to Saturday. The DVD hire machine is open 24 hrs a day. Customers are mainly local residents but the business also benefits from a tourist trade from two local hotels.
COMMENT:
A ‘safe bet’ given the location and a near monopoly on local trade. Easily run by a couple.
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