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Playa de Palma - Pizzeria / Cafe / Bar
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Ref: Finder 2042
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Area: Palma
Tenure: Leasehold
Term: 7 Yrs Renewable
Rent: € 1,350 per Month
(approx £ 927)
Price: € 94,000
(approx £ 64,581)
Other:
Large business, low rent.
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Playa de Palma is a large sprawling resort located only 5 minutes from the airport, with a magnificent beach and promenade of 5.5kms long wide with Arenal an Ca’n Pastilla at either end, and a modern, well maintained hotel infrastructure providing everything a visitor could wish for.
This is a magnificent character business situated on a busy street with a plethora of plants and trees and easy parking for the local residents. The three entrances lead into a beautiful enclosed terrace, part covered and can sit 65 clients with space for more. Quality furnishings, lots of green plants and trees and a most unusual feature is a ‘chirinquito’ (could be a full size bar kiosk) on wheels that can be moved around.
The interior is vibrantly decorated in burnt orange with unusual paintings on the walls. Spacious and simply furnished ‘rustic’ style with wooden tables and chairs for 30 people. Well equipped bar and an open industrial kitchen behind with stainless steel fridge/freezer, pizza ovens, gas hobs and oven, coffee machine, extractor fan, and hood, etc.
Modern cloak rooms and staff changing/shower room, plus a useful10m2 storage area.
Reported takings by present owners of 4 years is said to be between 20,000€ (£14,000) and 25,000€ (£17,500) per month, from both a multinational tourist ands resident trade. With such a low rent for a 200m2 business net profits should be at least 35%.
COMMENT:
This one we really like for the warm ambience and rustic charm, and we’re told the pizzas not bad either. Good value, recommended.
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