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Bar for Sale Torremolinos

License Type: Bar
Price: 46,000€













Freehold / Lease: Lease
Duration of Lease (yrs): 25
Community Charge: NIL
Terrace Tax: NO
Rent: 675€
Terrace Size m2: 12
Interior Size m2: 55
Kitchen m2: 8

Full Description: Situated in the tourist hotspot of Playamar in heart of hotel country on the main thoroughfare to the eastern beaches of Torremolinos this thriving bar could not be in a better location for local and holiday trade.
Over the last six years the current owners have built up a loyal customer base who return time after time. In addition the long term residential trade features very highly during the winter months due to the bar’s reputation for food and warm welcome.
The bar comes complete with a large studio apartment and access to the community swimming pool, all for 675€ rent per month - this is an opportunity that should be given serious consideration.
There are many failing cheap bars around, in comparison, this business at 46,000€ may seem expensive, but it is one of the few recession busting bars around. This bar was valued at nearly three times the current price last year, whilst today; the net income has remained almost the same. The current owners have worked tirelessly to keep the turnover figures from sliding – thus proving the business is out there for well run establishments.
The bar comes complete with all current fixtures and fitting and with the inclusion of the studio apartment this is a perfect turnkey opportunity for anybody prepared to put in and continue the good work the current owners have achieved.

This price is current until the 31st December 2009, after which it will increase to reflect the current turnover – the owners would like a quick sale as they wish to be out before Christmas hence the reduced asking price.


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