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SELECTION: For sale, Magaluf, Music Bars/Discos

Large and well-known Cafe Concierto Bar in top resort For Sale

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Sales Price:
Currency convertor € 525,000
Rental Price:
Currency convertor € 0
Transaction:
For Sale/For Rent
Business Type:
Music Bars/Discos
Term:
N/A
Tenure:
Freehold
Area:
Reference No.:
b3678a
View:
NA
Location:
Magaluf
Front line:
NA
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Reference No.: b3678a
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Property Description

Run by the same family for over 11 years, this business can certainly boast of a large repeat trade. It is situated to benefit from both the day and night trade, being close to large hotels and holiday accommodation, other bars, shops and thriving businesses and has pleased crowds of holiday makers looking for a great atmosphere and good homemade food. Breakfast, snacks and dinners are available from opening at 9.30 am to 9.00 pm, after which it becomes a Music Bar proper to the early hours. In the past, it has opened all year round; however, the owners now prefer to work extremely hard for the main tourist season and take much-needed time off in the winter. 
This bar has gained fame with sports lovers, with the business benefiting from Sky TV and full sporting coverage; including the Grand Prix, European and International football games etc. It has an international clientele of English, German, French, Italian and Spanish, amongst others and is popular, at different times of the year, with a range of customers: couples, golf societies, stag and hen parties and younger partygoers!
The interior of the bar measures approximately 145m2 with a further 90m2 of outside terrace, large enough to accommodate at least 50 customers. The décor and furniture is traditional , with raised banquette seating down one side of the bar area and a cosy ‘cubby hole’ at one end. The seating was all renewed in 2012. Around the walls is a huge range of pub memorabilia and there are gaming machines and big screen televisions (also new in 2012) throughout the air-conditioned premises.
The central bar is very well equipped with stainless steel cooling cabinets, fridges and coffee machine etc and the kitchen is tucked away behind it – this also has a full range of equipment necessary to turn out the selection of food on offer. There is also a washing-up/preparation area off the kitchen and, outside to the rear of the premises, is an enormous amount of storage areas. Of particular note, there are beautifully presented and decorated male and female washrooms! 
As if the location isn't already noteworthy, plans have been passed for a major development of new attractions, including a fairground, and the project is due to start this winter, which will only increase the value of these premises.
COMMENT: This is a serious business proposition and ideal for a family with experience in the hospitality business, who want to continue to build on the reputation earned over a number of years.


 

This huge and much-loved ´Café Concierto´ / Live Music Bar is well located at one end of one of the busiest streets in this ever-popular resort.

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