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SELECTION: For sale, Magaluf, Music Bars/Discos

Well known Bar / Live Music Venue For Sale in bustling resort

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Sales Price:
Currency convertor € 100,000
Rental Price:
Currency convertor € 1,800
For Sale/For Rent
Business Type:
Music Bars/Discos
5 years renewable
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Reference No.: b3587
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For the purposes of this calculation we have automatically entered 60% of the purchase price as the loan amount at an interest rate of 3.5% payable over 15 years, but please feel free to change any of the figures according to your needs.


Property Description

Run by the same owner for 15 years, the large welcoming terrace is around 80m2 in size and laid out with tables and chairs to accommodate over 60 people. To the interior (of around 100m2), the bar is laid out in various areas in alcoves with bench seating and high bar stools, further bench seating along the side and rear and a raised stage area for live acts and Karaoke. You cannot help but be impressed by the numerous interesting artifacts and memorabilia displayed round the premises, giving it a warm and cosy feel. The long bar down the other side of the premises has high bar stools, so the bar easily seats 40+ people, whilst the large open space allows for many more standing. There are a total of four large televisions and the premises are air-conditioned throughout. 
The bar itself is well equipped with drinks fridges, coolers, electronic till and sink with substantial shelving for bottles and glasses.
To the rear of the premises, there are male and female washrooms, a storage area and a beer store. Gas bottles are located outside at the rear, on a long back yard.
The premises currently open from early March to the end of October from 7 pm to 4 am. The current owner runs live music acts several times a week, including the increasingly popular Indie Rock Night every Saturday. The existence and worth of the ´café concierto´ licence (which is almost impossible to be granted nowadays) cannot be stressed strongly enough. This business is ideally suited to someone who has experience in the bar trade and with a lot of energy to meet and greet the large and varied clientele.
COMMENT: This engaging bar needs to be seen to fully appreciate its potential.

A very exciting opportunity! This type of long-established and well known bar/café concierto rarely comes on the market. Set in the heart of this ever-bustling resort, this popular watering hole has been a firm favourite with visitors and inhabitants alike. Being sold "lock, stock and barrel", this business is ready and open for the new owner to walk in and earn money from Day One.

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