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SELECTION: For sale, Palma, Palma City, Restaurant

Stylish and Distinctive Cocktail Bar & Restaurant in Palma

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Sales Price:
Currency convertor € 98,000
Rental Price:
Currency convertor € 1,300
For Sale/For Rent
Business Type:
6 years
Reference No.:
Palma City
Front line:
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Reference No.: b3506
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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

The impressive wooden doors open into a small 'lobby', where you go through floor-to-ceiling glass doors and into the heart of this business and the expectations do not disappoint.  Recently refurbished, the interior is an eclectic mix of fresh modern feel with cosy traditional furnishings, including an enormous mirror, huge chandelier and terracotta flooring.  There is bench seating along one wall opposite the bar and a cosy nook on the other side.  The bar itself is fully equipped with a range of bottle fridges, under bench fridges and cabinets, music system, coffee machine, glass washer etc and has bar stools all along it - these quickly fill up, as one of the specialities is the selection of cocktails on offer.

To the rear of the premises is a newly installed kitchen, again completely equipped with extractor, oven, 4-ring hob, fridge freezers, dishwasher and microwave.
There is a 'minstrel gallery' to the rear of the bar and the staircase leads to another cosy chill-out area with fabulous 2- and 3-seater Chesterfield settees and this area only adds to the inviting ambience of these premises.  You will find another bar here which is opened for the particularly busy evenings.  Off this area, you will find male and female washrooms and a storage area.
The business itself opens all year round and every day, except Mondays.  Opening hours are 17.00 – 1am (Sundays to Thursdays) and 17.00 – 3am (Fridays and Saturdays), although the licence allows for all day opening. Although there is scope to serve a full menu, the bar only serves a range of night time dishes and bar snacks.
The clientele is varied; however largely  made up of international yachties along with a faithful English following.
COMMENT: This business would be ideal a couple who have experience in the hospitality industry and we strongly recommend viewing a business where money will be made from day one.

Rarely do businesses of this calibre come on to the market - so this is a wonderful opportunity to buy a stylish bar/restaurant located in the heart of the trendiest part of the capital city.

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